Green Energy Resources to Buy Stake in New England Pellet Mill

  Green Energy Resources (PINKSHEETS: GRGR)
looks to purchase  a fully  operational New England  wood pellet mill.
Terms of the purchase were not disclosed and are subject to financing. The
mill  has capacity to produce upwards of 10,000 tons monthly  and  could
generate approximately $24 million dollars annually in gross revenues for
the company.  Green Energy Resources is a supplier of the mill with wood
biomass. The pellet mill has excellent logistical location for export, and
domestic supply. The Pellet manufacturer is currently producing bagged
pellets for the US retail wood stove markets. The acquisition would greatly
enhance Green Energy's ability to meet a growing US commercial demand and a
very competitive European export market.

In other news, President Obama and other world leaders agreed to international emissions reductions on Friday in Copenhagen, Denmark. The breakthrough should pave the way for final passage in the US Senate of the "Cap N Trade" bill which passed congress in June. The accord is significant both in terms of anticipated green jobs it will create in the US and because US power generators are expected to move towards compliance in 2010. Green Energy Resources predicts US Coal Power generators will eventually turn to co-firing utilizing pellets by 2011.

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 Joseph Murray, 631-375-7921 [e-mail] www.greenenergyresources.com or Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: 1-954-360-9998 Nat'l: 1-866-360-9998 [e-mail] www.wwfinancial.com