Green Energy Resources to Create a Dozen New Jobs to Help Meet $76 Million in New Export Orders

NEW YORK, Feb. 1, 2010 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) announced today it plans to hire at least  a dozen  people to  meet the $76 million in new export contracts. The positions include primarily administrative and procurement. Applications are currently being accepted by the company with the goal to start filling jobs in the next 30 days. The positions will be based over wide ranging geographic areas including Southern New England, New York City, the Mid-Atlantic, West Virginia , Kentucky and Texas. The company recently signed two contracts to supply woodchips to Turkey and wood pellets to Italy. Some positions are high paying and can average over $200,000 per year.

Green Energy Resources looks to capture a significant market share of the developing U.S.  wood biomass co-firing market. Wood biomass utilization should grow exponentially in 2010 with many global projects being launched including co-firing in the United States and India. Two of the three largest coal burning countries in the world. Coal Burning power generators account for over 51% of electricity generated in the U.S..  Currently the United States consumes well over a billion tons of coal per year according to the Department of Energy statistics. Co-firing typically blends around 10% wood with coal to reduce carbon emissions.  Based on typical averages, over 100 million tons of new wood biomass will be required to meet the co-firing demand.

 Green Energy Resources is an environmentally friendly "green" company, sourcing wood from storm damage, tree farms, and urban wood waste streams. The company has no debt 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. 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.