India Power Generator Issues LOI for 7 Million Tons of Woodchips Valued at $576 Million per Year to Green Energy Resources (G

  Green Energy Resources (PINKSHEETS: GRGR)  has
received a Letter of Intent from an Indian power company to supply in
excess of  7 million tons of woodchips  valued at over $576 million dollars
over a 12-month period. India wants a five-year supply contract ($2.8
billion dollars over 5 years). The order poses daunting challenges for
Green Energy Resources to meet a supply that would require approximately 15
shipments monthly or a shipment of about 40,000 tons every other day. The
foremost obstacle is freight .The location of  ships  at a locked in rate
to  handle the capacity for the buyers. The second major issue  for the
buyer  and the Government of India is to provide project  financing in the
US  to Green Energy Resources for wood procurement, and port facilities.
Discussions are ongoing. India is planning to purchase upwards of 36
millions tons of woodchips annually from world wide sources as a part of
their renewables obligations under Kyoto. The procurement is currently
underway on a global scale.  The international community of nations,
including the US, are planning and upgrading their climate change
strategies in advance of next months  meeting in Copenhagen, Denmark. The
US is expected to make an announcement shortly. The US Senate climate bill
is pending. The US House of Representatives passed the "Cap N Trade" bill
earlier this year.

Green Energy Resources is an environmentally friendly company working to preserve world forests not cut them. The company sources its wood from urban wood waste streams, recycled wood, storm damage and tree farms. All wood is Urban Tree Certification System(UTCS) approved. The company has no long-term debt and raised capital through a 504 in 2009. Green Energy Resources revenues were adversely impacted in 2008 as a result of the steep rise of fuel prices that peaked at nearly $150 per barrel. The company has seen a strong rebound of supply contracts in 2009.

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 financing, 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 Info @ wwfinancial.com