"It's Woodchips Stupid," Not Corn, for Ethanol Production to Produce 15 Billion Gallons, Says Green Energy Resources

NEW YORK, NY, Apr 10 (MARKET WIRE) --
Green Energy Resources (PINKSHEETS: GRGR) is ready to meet the demand and
supply of the US Government-mandated 15 billion gallons of wood cellulostic
ethanol authorized under the US Energy Bill passed in 2007. Green Energy
Resources is offering supply contracts to any American company anywhere in
the United States requiring woodchips. Green Energy's announcement comes at a
time
when oil is at near $112 per barrel prices Green Energy is the first and
only US company to export woodchips for energy to Europe beginning in
2003.Green Energy Resources has a highly developed national inventory system
through its UTCS software with nearly 5 million tons. The software identifies
network locations, chain of custody receivership, procurement sources, origins,
and
providesenvironmental certification of sustainability. No other wood biomass
supplier in
the US has this technology. Green Energy Resources has a well established
logistical support system utilizing trucks and rails to deliver large
volumes for long term contracts to producers. The company can deliver cost
effectively from anywhere in the United States and can work with producers on
carbon credits and other trading mechanisms to utilize maximum
profitability. Green Energy Resources is an environmentally sensitive company
procuring
woodchips from urban/suburban wood waste streams, including landfills, tree
services, excavators, storm damage and tree farms.

Corn Ethanol

A myriad of recent interviews on CNBC and this past week's Time Magazine has

highlighted the many negative aspects of corn ethanol. Negatives include
production pricing of nearly $3.90 per gallon, and a doubling of corn and
other feed stock commodities. Wood ethanol production is estimated at $1.55 per
gallon according to several industry sources.

Company news

Green Energy Resources is currently proceeding with trial orders to Europe
and
China in front of contracted larger volumes. The tests are generally container
size
shipments.

Larger shipments are expected to get underway later in the 2nd quarter.
Inthe first qtr Green Energy exported wood pellets to Europe. The announced
public
relations campaign is underway and should begin to show results particularly in
regard to share values over the next 90-120 days.

Dividend

The company has canceled its originally proposed quarterly dividends for one
annual dividend to be scheduled later this year. The dividend will be a
stock dividend of either 5 or 10%.

Nevada Incorporation

Is underway and should be completed within the next one to two months.
Henderson,
Nevada will be the official site of Green Energy Resources' corporate
headquarters.

15c211

Green Energy Resources has filed a new 15c211 to move from "Unsolicited to
"Solicited" status with the NASD.

European Investors

Talks have been initiated by two European companies interested in
acquiringa stake in Green Energy Resources. The companies are well established
and
listed on various European Exchanges. The talks include capitalization
aswell as the outright purchase of "GRGR."

The Float

Green Energy Resources has reduced the Issued and Outstanding shares from
60
million to 51 million shares. The float remains at approximately 22 million
shares.

Green Energy Resources has no debt, has not raised any public money and
operates on its own self-generated revenues. First Qtr results will be
released as soon as they are available.

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 and other risks.

CONTACT:
Green Energy Resources
Joseph Murray
631-375-7921
joe.murray@greenenergyresources.com
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

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