Green Energy Resources Building Asset Base While Remaining Debt Free

  Green Energy Resources (PINKSHEETS: GRGR) is
working to acquire as much as one million tons of  hurricane wood  in
Southeast Texas. Green Energy Resources is the first company to actively
work with a storm contractor under FEMA'S new  PA-Pilot program implemented
in 2008 . The
PA-Pilot program (www.fema.gov./government/policy/papilot.shtm) is
intended to recycle storm damaged wood. The program was implemented in part
through the efforts Green Energy Resources has made over the last five
years to pressure and create public awareness to recycle storm damaged
wood. It is a market change from the traditional dump and burn policy of
the past. The wood provides hard saleable and bankable assets to the
company's bottom line. The inventory is being offered to buyers in the US,
Internationally and in Texas under the newly implemented biomass supplier
incentive program, offering upwards of 30 million dollars in grants. The
wood is being obtained at no cost and gives the company pricing flexibility
on future contracts.

Green Energy Resources will be featured in an upcoming article in the Houston Chronicle newspaper detailing recovery efforts in the region. It was recently featured in the July issue of Biocycle magazine. Green Energy Resources like many other companies this year, has been hit hard by shorters, and rough market conditions contributing to lower stock values. The over 70% increase in fuel prices suspended certain contracts as circuit breakers on shipping automatically kicked in. The company is currently renegotiating contracts as shipping conditions return to normal terms. The company is not leveraged, has no debt, has not raised public capital, and operates on its own self-generated revenues.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995.

CONTACT: Green Energy Resources Joseph Murray 631-375-7921 Email Contact www.greenenergyresources.com or Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: 1-954-360-9998 Nat'l: 1-866-360-9998 Email Contact