Green Energy Resources Cancels Reverse Stock Split Amid Growth to Support Confidence; GRGR Commences Operations in San Antonio and Corpus Christi, Texas

SAN ANTONIO, Texas, May 19, 2010 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) commenced its renewable energy business in San Antonio, and Corpus Christi, Texas this month. The company is focused on the procurement of mesquite woodchips in south, central and west Texas. The objective is to procure approximately 150,000 tons monthly (about $70 million annually) for domestic and export alternative energy power producing clients. Mesquite is a high BTU wood comparable with coal without the carbon emissions. The region offers a long term sustainable supply of wood without the competition of other traditional forestry sourced markets. Green Energy has hired a new VP of operations located in Corpus Christi. The company plans to employ directly or indirectly about 50 people in the area. Green Energy Resources will be featured in a television news story in San Antonio, TX this week on Channel 5.

In other News, Green Energy Resources has canceled the proposed reverse stock split announced last December. Delays in FINRA's response have been superseded by the need to build and maintain investor confidence for the company and its investors.  The company has showed strength and resiliency and is poised for growth. The planned stock dividend that was to take place post reverse split stock will be re-examined at the end of 2010.
                                  
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 company's 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.