Global Environmental Energy Corp.'s Subsidiary Biosphere Development Corp. Receives a Signed Letter of Confirmation from the Municipality of Silistra on $8,600,000 Municipal Contract.

NASSAU, Bahamas -- Global Environmental Energy Corp. (OTCBB:GEEC) (FWB:LFT) today announced that it has filed an 8K with the Securities and Exchange Commission on 22 of February 2005. The filing confirms that Biosphere Development Corp. had received a signed Letter of Confirmation from the Municipality of Silistra Bulgaria.

On December 21, 2004, Biosphere Development Corp. and The Municipality of Silistra signed a Confidentiality Agreement and Letter of Intent for the establishment of a Joint Venture Company.

On February 21, 2005, Biosphere Development Corp. received from the Municipality of Silistra a signed Letter of Confirmation from the Mayor of Silistra. This letter committed to advance 50% or $4,300,000 of the required financing, and the establishment of a Joint Venture Company.

GEEC, under the joint venture, has agreed to provide the additional $4,300,000 as required under the agreement.

The Joint Venture Company will employ Biosphere(TM) Process technology to process municipal solid waste while producing electricity and potable water. It is intended that this new joint venture company will purchase a Biosphere(TM) Process System and a water bottling plant from Biosphere Development Corp. for approximately USD$8,600,000 with sufficient capacity to process 70,000 tonnes of municipal solid waste per annum producing approximately 43,500 MWH of electricity and 43,500,000 litres of bottled potable water per annum. Revenues from the disposal of waste, the sale of water and the sale of electricity should generate substantial revenues.

About the Municipality of Silistra

Now one of 28 administrative provinces in Bulgaria, Silistra (http://bulgaria.domino.bg/silistra/) has been in existence since as early as 106 AD and became a Municipality in 169 AD, under Emperor Marcus Aurellius (Emperor of Rome from 161-180 AD, depicted in the film "Gladiator" in 2000, http://www.geocities.com/Hollywood/Cinema/1501/indexglad.html). Located at the crossroads of the Danube and the Black Sea, the region provides easy access to several countries. The Danube connects Silistra with 11 countries in Central and Eastern Europe. The Black Sea ports of Varna (144km) and Konstansa (80km) connect the city with Russia and Asia. The 2,000-year-old city of Silistra is already home to several joint ventures and foreign investments. Foreign direct investment (FDI) inflow in Bulgaria for 2004 amounted to 2,020 million euros, whilst domestic investment has increased by 1,813 million euros for January-September 2004 (www.countrywatch.com). Such investments are rapidly expanding the Bulgarian economy. In January through September 2004, Bulgarian GDP is estimated to have increased by 5.7% (www.countrywatch.com) as compared to an increase of only 4.8% in the 12 months of 2002. Bulgaria is a country of 7.8 million people (www.cia.gov). Bulgaria, like Croatia, Romania and Turkey, is a candidate country for entry to the European Union. Bulgaria is scheduled to become a member of the European Community on January 1, 2007. The European Union currently has 25 member states. In advance of its accession to the European Union, Bulgaria, in common with other countries joining, is experiencing an explosion in economic growth.

In 2001, Bulgaria consumed 32.52 billion kWh of electricity with an average value of approximately USD$60 per MWH (www.indexmundi.com). A report by Zenith International in January 2004 (www.zenithinternational.com) identified the East Europe Bottled Water market as a thirst unquenched. According to the Bulgarian Soft Drinks Association, consumption of soft drinks in Bulgaria has increased by 13 million litres during the first quarter of 2004 in comparison with the same period in 2003 with an average value of approximately USD$0.25 per litre (www.novinite.com). According to the Bulgarian Soft Drinks Association (www.bia-bg.com) bottled water enjoyed greatest interest and is one of the best scorers together with fruit juices. Bulgarian brands continue to dominate the segment making up 90% of the sales.

About Biosphere Development Corp.

Biosphere Development Corp. is a subsidiary of Global Environmental Energy Corp. Global Environmental Energy Corp. intends to become a fully integrated energy company whose interests will include traditional oil and gas and alternative energy sources, environmental infrastructure and electrical micro-power generation. Biosphere Development Corp.'s unique proprietary technology, EcoTechnology(TM), supplies energy through an efficient and environmentally safe process. The Biosphere Process(TM) System, a central part of the EcoTechnology(TM) system, can safely and efficiently processes traditional and non-traditional waste materials into electricity and other beneficial by-products. The Biosphere Process(TM) can assist in solving the global waste problem by converting into clean, green electricity such waste materials as: municipal solid waste (MSW), agricultural surpluses, agricultural effluents, forestry wastes, sewage sludge, medical waste, industrial wastes, flared natural gas, shale oil, sour natural gas, high sulfur oils, waste bilge oil, waste drilling muds and fluids, and many other traditional and non-traditional waste materials.

It is the intention of Global Environmental Energy Corp. that Biosphere Development Corp. will become a fully reporting and trading company in the future if accepted by the SEC and the NASD for trading. Global Environmental Energy Corp. maintains a web site at http://www.globalenvironmentalenergy.com/index.htm.

Note to Investors

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. The forward-looking information is based upon current information and expectations regarding Global Environmental Energy Corp. These estimates and statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecasted in such forward-looking statements.

Global Environmental Energy Corp. assumes no obligation to update the information contained in this press release. Global Environmental Energy Corp.'s future results may be impacted by risks associated with rapid technological change, new technological developments and implementations, execution issues associated with new technology, manufacturing production to meet demand, litigation, media publicity and the negative impact this could have on sales, competition, financial and budgetary constraints of prospects and customers, international order delays, dependence upon limited source suppliers, fluctuations in component pricing, government regulations, dependence upon key employees, and its ability to retain employees. GEEC's future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-QSBs and its Annual Report on Form 10-KSB.