$3 Million Woodchip Order to Turkey for Green Energy Resources; GRGR Gets $900,000 First Trial Order for India

NEW YORK, April 27, 2010 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) received a $3 million dollar woodchip order for Turkey. It is a single shipment trial order. The Turkey markets remains very strong in 2010. In 2009 global market for woodchips fell in by 15% except in China, where demand tripled according to Wood Resources Quarterly, an industry journal. 2010 indications point to significantly higher demands over 2009 volumes as the global economic rebound gains momentum. Green Energy Resources is selling the woodchips FOB USA instead of delivered. Green Energy Resources plans to commence the order in the 2nd quarter of 2010. Green Energy Resources already has a contract for supply with another Turkish company. That order is underway.

In other news, Green Energy Resources received its first trial order shipment for India. The order is valued at $900,000 and is scheduled for the 2nd quarter of 2010. Green Energy Resources received a Letter of Intent from an Indian power company to supply 7.2 million tons of woodchips valued at over $576 million dollars over a 12 month period last September. The order poses daunting challenges for Green Energy Resources to grow and expand to meet the supply that would require approximately 15 shipments monthly or a shipment of about 40,000 tons every other day. The other major obstacle is to find and locate enough ships at a locked in rate to handle the capacity. However, shipping issue has been resolved, as India will supply the ships. Larger volumes should commence later this year with the completion of power plants retro fitting for co-firing.

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.