Global Resource Corporation Issues Letter to Shareholders

MOUNT LAUREL, NJ, Jul 13 (MARKET WIRE) --
Global Resource Corp. (PINKSHEETS: GBRC), a developer of a patent-pending
microwave technology and machinery for extracting oil and gas, today has
issued the following letter to all shareholders from their new CEO Peter
Worthington.

To All Shareholders:

I wanted to immediately communicate with shareholders and update them on
the company's progress and outlook. This is intended to be the first of
regular communications to you, our shareholders.

Corporate Governance:

As recently announced, we have made some changes to governance. The first
step was to separate the Chairman and CEO roles designed to enhance the
level of Board supervision of the company's executive team. Further
announcements in this area can be expected.

The Board is committed to implementing -- and delivering -- first class
governance across the company and at all levels. As part of that process,
it was determined last week that the CEO should be terminated by the
company. On July 6, 2009 I agreed to assume an executive Chairman and CEO
role. A new Chairman is to be recruited and appointed, and the Board
further strengthened, in the near future. My CV is attached below.

Technology / IP:

The company continues to progress very satisfactorily with its patent
applications and enhancements. We believe that the applications will
proceed to registration in due course and that the claims made in them are
valid, substantive and adequately protected.

Patriot - 1:

Public demonstration:

During May / June, the company publicly demonstrated to prospective
customers the Patriot - 1 factory development prototype tire processing
system. A video of the demonstration will be made available on the
company's website towards the end of July. The company believes that the
demonstrations were very successful and a number of discussions are
underway with companies interested in associating with Global in the final
process of product development. This will involve either building /
commissioning a 3 ST / Hour Patriot Unit (approximately 23,500 ST / Year
in single unit configuration @ 90% operational uptime) on a fully
permitted US site; and/or to build and commission a production line
facility to manufacture and assemble multiple orders for the 3 ST / Hour
Patriot Units for a large customer(s). The company will keep you advised
as discussions progress.

Approach to market

The company is processing various inquiries from prospective US and
international customers. Patriot units will be sold, wherever feasible,
with accompanying territorial exclusivity related to accessible used waste
tire stockpiles and ongoing long-term projected supply. Until the Patriot
unit is in line production, sales will be negotiated based on the
development prototype unit. The projected economics for installed Patriot
units are very attractive for buyers.

Schlumberger / GBRC Joint Development Agreement:

The initial joint venture meetings were held in May 2009. This
collaboration is very exciting and both parties are focused in Phase 1 on
defining target products and market size. Phase 2 will involve Global
designing and developing a prototype unit for the targeted Heavy Oil
application(s). Schlumberger is a global technology leader in the oil and
gas industry. The company believes that Schlumberger's investment with
Global represents a significant vote of confidence in the technology and
intellectual property accumulated by Global.

S-1 Registration:

A very significant effort is being undertaken to complete the registration
process with the SEC. A further draft of the S-1 Registration will be
filed with the SEC imminently. Progress is encouraging and, while it is
never easy to predict these matters, the company is hopeful that
registration will be achieved within the next 3 months. The SEC must
finalize the review of the draft S-1 Registration before it becomes
effective. In parallel, it is the company's current intention to extend
the expiration date of the warrants associated with shares under that
registration until March 31, 2010 -- or if for some unanticipated reason
the S-1 Registration is further significantly delayed then to a later
date. The company is very appreciative of the patience shown by those
affected by the delay in registration. Please be assured that completion
of the S-1 Registration is a key priority of the Board and Executive.

Capital Requirements:

The company has engaged an investment banking firm with significant
experience in our industry to work with management to determine the
capital requirements required to support the final development /
commercialization phase of the Patriot unit. In addition, we have taken
several cost cutting measures to maximize our available cash for ongoing
development work.

Corporate Communications:

As mentioned above, it is the Board's intent to improve the quality and
regularity of communications with key stakeholders, and all its
shareholders. I look forward to providing our next update in the near
future and I want to thank all shareholders for their support.

Mr. Worthington is 56 years old and has been a director of the Company
since August 13, 2008. From February 2008 to the present Mr. Worthington
has been self-employed as a consultant in the oil and gas industry. From
January 2004 through December 2007 Mr. Worthington was Vice
President-Global Business Development (Petroleum) for BHP Billiton, plc, a
natural resources extraction and development company with worldwide
operations in more than 25 countries and employing more than 38,000
persons. From January 2002 through December 2004, Mr. Worthington was Vice
President-Algeria Assets (Petroleum) with BHP Billiton. During his career
Mr. Worthington also served as a director or officer of various BHP wholly
owned subsidiaries. Mr. Worthington graduated from Australian National
University in 1975 with a Bachelor of Laws degree and a Bachelor of
Economics degree

This letter contains forward-looking statements regarding Global Resource
Corporations' business strategies and future plans and speak to
anticipated future actions, results or projections. Such forward-looking
statements speak only as of the date hereof, are based on certain
assumptions and expectations which may or may not be valid or actually
occur, and which involve various risks and uncertainties. Global Resource
Corporation cautions readers not to place undue reliance on any such
statements and that the Company's actual results for future periods could
differ materially from those anticipated or projected. Unless otherwise
required by applicable law, Global Resource Corporation does not
undertake, and specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances.

About Global Resource Corp.

Global Resource Corp. (PINKSHEETS: GBRC) is a developer of a
patent-pending microwave technology and machinery that extracts oil and
petroleum products from shale deposits, tar sands, capped oil wells,
bituminous coal and processed materials such as tires and plastics as
well as dredged soil from harbors and river bottoms. Its process produces
significantly greater yields and lower costs than are available using
existing technologies. Because the process takes place in an enclosed
environment it is emission-free and an efficient and cost-effective tool
for cleaning environmental wastes and toxic materials. For more
information see: www.globalresourcecorp.com

Forward-Looking Statements:

This news release contains forward-looking statements regarding Global
Resource Corp.'s business strategies and future plans of operations.
Forward-looking statements involve known and unknown risks and
uncertainties. The forward-looking statements contained in this news
release speak only as of the date hereof and Global Resource disclaims any
obligation to provide public updates, revisions or amendments to any
forward-looking statements made herein to reflect changes in Global
Resource's expectations or future events.

Investors:
Alliance Advisors, LLC
Thomas Walsh
212-398-3486
Senior Vice President
Email Contact

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