Evergreen Energy Statement Regarding NYSE Arca Listing Standards

Stock Continues Trading Under Symbol EEE.BC
DENVER--(Business Wire)--
Evergreen Energy Inc. (NYSE Arca: EEE) has been notified by the
New York Stock Exchange Arca Inc. (NYSE Arca) that it is not in
compliance with the NYSE Arca's continued listing standard for minimum
share price under Rule 5.5(b)(2) of the NYSE Arca Equities Rules. The
standard requires that the average closing price of any listed
security not fall below $1.00 per share for any consecutive 30-day
trading period.

Evergreen is exploring alternatives for curing this deficiency and
restoring compliance with the continued listing standards. The
company's common stock will remain listed on the NYSE Arca exchange
under the symbol "EEE" but will be assigned a ".BC" indicator by the
NYSE Arca to show that the company is currently out of compliance with
the NYSE Arca's continued listing standards.

As required by Rule 5.5(b) of the NYSE Arca Equities Rules,
Evergreen is required to notify formally the NYSE Arca within 10
business days from receipt of the notice of its intent to cure this
deficiency and provide commentary on its ability to cure the
deficiency and of the specific steps it is planning to take to regain
compliance. Evergreen has six months from the notification date to
comply with the NYSE Arca minimum share price standard. If it is not
compliant by that date, its common stock will be subject to suspension
and delisting by the NYSE Arca.

About Evergreen Energy Inc.

Evergreen Energy Inc. (NYSE Arca: EEE) refines coal into a
cleaner, more efficient and affordable solid fuel that is available
today to meet the growing energy demands of industrial and utility
customers while addressing important environmental concerns. Visit
www.evgenergy.com for more information.

Statements in this release that relate to future plans or
projected results of Evergreen Energy Inc. are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended by the Private Securities Litigation Reform Act of
1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of
1934, as amended by the PSLRA, and all such statements fall under the
"safe harbor" provisions of the PSLRA. Our actual results may vary
materially from those described in any "forward-looking statement" due
to, among other possible reasons, the realization of any one or more
of the risk factors described in our annual or quarterly reports, or
in any of our other filings with the Securities and Exchange
Commission, all of which filings any reader of this release is
encouraged to study. Readers of this release are cautioned not to put
undue reliance on forward-looking statements.

Evergreen Energy
Analyst and Investors:
Jimmac Lofton, 303-293-2992
VP Corporate Development
jlofton@evgenergy.com
or
Media and Public Affairs:
Paul Jacobson, 303-293-2992
VP Corporate Communications
pjacobson@evgenergy.com

Copyright Business Wire 2008