$3.45 Billion Dollars of `Green' Energy; 58 million tons.

HUNTINGTON, N.Y. -- Green Energy Resources (NASDAQ OTC: GRGR.PK) the New York headquartered company, estimated the value of approximately 58 million tons of wood biomass ready for the renewable energy market. The value of the wood biomass depends whether its calculated for export or domestic consumption. Export prices are three times the price of American markets, because the US has not enacted energy legislation. Current values based on US distribution, exceed $1.45 billion dollars. Buyers are expected to be related to coal and power utility industries.

Green Energy Resources has been developing a US national supply and delivery network for 3 years. Some locations have as much as a half million tons sitting on the ground. Inventories are accrued from a diverse number of suppliers both national and local in scope. Two of the greatest obstacles to biomass expansion for energy have been cost of transportation and reserves. Green Energy Resources has proposed a $40 per ton matching fund to resolve transportation issues, and tax breaks for UTCS environmentally certified suppliers of wood biomass, for reserves.

The USA is behind the European Union in developing and expanding renewable energy. The EU provides incentives, subsidies and substantial returns for investors. Outrageously, the US government through Fema, is paying to dump and burn renewable energy that could be used in the United States. Strangely, not a single environment group has made objection. The argument we don't have money to transport and expand renewable energy, is negated by the payment of hundreds of millions of dollars to transport it for destruction. The US,beyond tax credits,has failed to provide the industry with any serious incentives. International emissions trading authorized in the Kyoto accord became effective in February 2005. President Bush and the Federal EPA announced new air quality rules in March.

Wood biomass is the 4th largest fuel source in the world after oil, gas and coal. It has potential application in 60% of Worldwide energy markets, including co-firing with coal, gasification, ethanol, Biodeisel, direct burn, and hydrogen applications.

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.