Green Energy Resources (GRGR) Contracts With China for 200,000 Tons of Woodchips Valued at over $20 Million

  Green Energy Resources (PINKSHEETS: GRGR)
plans to supply  China  with approximately 200,000 tons of  woodchips
valued around $20 million.  Green Energy Resources plans to use a US west
coast port. The contract was originally signed by both parties in February
of 2008. Rapidly escalating fuel, freight and container prices  halted the
order before operations could  get underway last year in the peak of the
fuel price run up that culminated in near $150 per barrel oil prices. The
contract doubles the original quantity from 100,000 tons to 200,000 tons.
Green Energy Resources looks to make the first shipment in November or
December of this year. Shipping freight rates have been cheaper in the
Pacific Basin as opposed to the Atlantic in 2009. Green Energy Resources is
in the process of re-negotiating multiple contracts  abrogated in 2008 due
to  fuel/ freight market conditions.

INDIA; Green Energy Resources received a Letter of Intent from India earlier this month to supply upwards of 7 million tons of woodchips annually valued at approximately $576 million. Green Energy Resources continues to make progress in regard to locating available shipping freight options, Discussions remain ongoing;

Ogdensberg, NY; Oct 7, 2009 Green Energy Resources had sought to utilize the upstate NY port for woodchip exports. Negotiations between Green Energy Resources and the Ogdensberg Port Authority were well chronicled throughout this past spring and summer and reported in the Ogdensberg Times located in Watertown NY. Negotiations centered around dredging the port beyond its 27 foot depth (not deep enough to carry woodchips); a truck dump for suppliers to deliver woodchips and insurance values. The Ogdensberg Port Authority erroneously stated Green Energy Resources defaulted on the contract. Green Energy Resources terminated discussions with written notice on September 24th. No contract was actually in effect to begin receipt of woodchips by Green Energy Resources.

MERGER; Green Energy Resources is an environmentally friendly company obtaining supplies from recycled woods, storm damage, urban wood waste streams and tree farms for the renewable energy industry.. The company's 2nd qtr financials should be released in the next few weeks. Merger and Acquisition negotiations with an undisclosed energy company remain ongoing.

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. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, ship availability, fuel costs and other risks.

Contact: Green Energy Resources 631 375 7921