GreenHunter Energy`s Plan for Continued Listing Accepted by NYSE Amex

GRAPEVINE, Texas--(Business Wire)--
GREENHUNTER ENERGY, INC.(NYSE Amex: GRH), a diversified renewable energy company
focused on wind development projects, biomass power generation and the
production of biodiesel, announced today that the NYSE Amex LLC has accepted
GreenHunter`s plan to regain compliance with the exchange`s listing criteria as
disclosed in a Press Release dated June 3, 2009.

In a letter to the Company dated August 20, 2009, the NYSE Amex indicated that
it had determined that GreenHunter`s plan, submitted to the exchange on June 29,
2009, made a reasonable demonstration of the Company`s ability to regain
compliance with the exchange`s listing standards. Further, though the Company is
not currently in compliance with certain of the exchange`s listing standards,
the exchange has granted GreenHunter until November 30, 2009 to regain
compliance with Section 1003 (a)(iv) and until November 29, 2010 to regain
compliance with Sections 1003 (a) (i, ii and iii) of the exchange`s Company
Guide.

In response to the NYSE Amex exchange decision to accept GreenHunter`s continued
listing plan, Mr. Gary C. Evans, Chairman, President and Chief Executive
Officer, commented, "We believe this decision is the correct one and we are
anxious to regain full compliance with the listing standards required by the
exchange. This has been an extremely difficult period for any energy-related
business, especially renewables. We are confident that the game plan we
initiated earlier this year in all three of our business units to regain our
Company`s financial stability and begin meaningful revenues is on track and will
ultimately reward our shareholders."

Forward-Looking Statements

Any statements in this press release about future expectations and prospects for
GreenHunter Energy and its business and other statements containing the words
"believes", "anticipates", "plans", "expects", "will" and similar expressions
constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various
important factors, including the substantial capital expenditures required to
fund its operations, the ability of the Company to implement its business plan,
government regulation and competition. GreenHunter Energy undertakes no
obligation to update these forward-looking statements in the future.

GreenHunter Energy is focused on the renewable energy sectors of wind, hydro,
geothermal, solar, biofuels, and biomass power plants. Our assets consist of
leases of real property for future development of wind energy projects located
in Montana, New Mexico, California, Texas, Wyoming and The People's Republic of
China, the nation`s largest biodiesel refinery located in Houston, Texas, a
biomass-fired power plant located in Brawley, California, and an option to lease
acreage associated with a terminaling facility in Port Sutton, Florida.
Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first
publicly traded renewable energy company based in the U.S. that provides to
investors a portfolio of diversified assets in the alternative energy sector.
Additional information about GreenHunter Energy may be found at
www.greenhunterenergy.com.

GreenHunter Energy, Inc.
Jack W. Zedlitz, 972-410-1044
jzedlitz@greenhunterenergy.com

Copyright Business Wire 2009