Green Star Notified of Analyst Coverage Which Reports Price Target of $8 per Share

SAN DIEGO, CA, May 19 (MARKET WIRE) --
Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) ("GSAE" or the
"Company") (http://www.greenstarae.com) is pleased to announce that
Ludlow Energy Ventures, Inc. has published an independent third party
research report on Green Star. The research opinion evaluates GSAE with a
Capital Rating of 'A-' and a Target Price of $8 per share. The report may
be viewed at http://www.ludlowenergy.com/reports/gsae.html.

About Ludlow Energy Ventures, Inc.

Based in New York City, Ludlow Energy Ventures is a venture capital and
research advisory firm with a specific focus on the renewable and
alternative energy markets. Ludlow Energy Ventures owns and operates the
Ludlow Energy Indices, which tracks a wide basket of US traded large and
small cap alternative energy stocks.

About Green Star Alternative Energy (PINKSHEETS: GSAE)

Green Star Alternative Energy is an environmentally conscious, renewable
energy company working to develop more than 300 MW (megawatts) of clean
electricity through wind energy. The corporate revenue model is two-fold:
the use of a renewable resource allows not only for the creation of
environmentally friendly energy, but the granting of carbon (greenhouse
gas) emission credits which may be traded and sold. Green Star is
pursuing a significant opportunity to provide clean energy to the growing
Republic of Serbia and neighbouring European countries. Through a joint
venture with key wind farm and power trading company Notos, Green Star
will become the nation's first developer of wind power. GSAE is focused
on green technology and sustainable energy programs like wind turbines,
hydro electric power generation, and other renewable electricity models.

FORWARD-LOOKING STATEMENTS

This press release contains 'forward-looking statements.' These are
statements concerning plans, objectives, goals, strategies, expectations,
estimates, intentions, projections, developments, future events, or
performance, underlying (expressed or implied) assumptions and other
statements that are other than historical facts. In some cases
forward-looking statements can be identified by the use of forward-looking
words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or
'anticipates,' 'estimates,' or the negative of these words or other
variations of these words or comparable words, or by discussions of plans
or strategy that involve risks and uncertainties. Management wishes to
caution the reader that these forward-looking statements, including, but
not limited to, statements regarding the Company's plans, goals the
estimates and assumptions, and the business strategy of the Company and
other matters that are not historical facts are only predictions. No
assurances can be given that such predictions and the estimates regarding
mineral reserves, success of mining plans, or other projections will prove
correct or that the anticipated future results will be achieved. Actual
events or results may differ materially. Forward-looking statements should
be read in light of the cautionary statements and risks that include, but
are not limited to, the risks associated with a small company, the intense
competition the company faces from others, and technological changes. Any
one or more of these or other risks could cause actual results to differ
materially from the future results indicated, expressed, or implied in
such forward-looking statements.

For further information contact:
Green Star Alternative Energy
866-955-GSAE (4723)
Email Contact

Investor Relations Contact:
Toll Free (866) 328-2955 M-F 10 AM - 8 PM EDT
Del Mar Corporate Communications, LLC

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