GreenShift Appoints David Winsness to Head Industrial Design Unit.

MOUNT ARLINGTON, N.J. -- GreenShift Corporation (OTCBB:GSHF) today announced the appointment of David Winsness to Chief Executive Officer of GreenShift Industrial Design Corporation ("GIDC"). GIDC is a privately held GreenShift (OTCBB:GSHF) portfolio company.

GreenShift's mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformation of environmental change. GreenShift accomplishes this through investment and by technological development. GIDC plans to acquire, develop and market new green technologies and will generate revenue from royalties, the sale of specific products and technologies, and, starting in 2006, from the provision of customized applied green engineering services to third party clients.

David Winsness, the new chief executive officer of GIDC said, "I could not be more excited to lead GIDC and support the efforts of its parent company GreenShift Corporation. We hope that the success of GIDC will be shown in the immediate term as Kevin Kreisler, current chairman and chief executive officer of GreenShift Corporation, and I get to work on a venture that we have been discussing for several years that could harness each of our respective skills. Kevin has watched me succeed in developing new technologies that create highly profitable environmentally responsible business opportunities while I struggled to generate the financial resources required to adequately launch these businesses and technologies."

Winsness continued, "The most recent of the technologies that I co-developed is the corn oil extraction process that has been licensed to Mean Green BioFuels Corporation, a GreenShift portfolio company. GreenShift's funding resources will allow this technology an opportunity for immediate success. The technology has been fully tested and is currently fully operational. Mean Green's(TM) objective is to generate revenue and to be profitable by May 31, 2005. My appointment to chief executive officer for GIDC ensures that no time will be lost in implementing this technology."

Mean Green(TM) is a privately held company that is 51% owned by Cantrell Winsness Technologies, LLC and 49% owned by GreenShift Corporation.

Mr. Winsness has also been acting as the chief executive officer of Vortex Dehydration Technology, LLC ("VDT"). VDT is a technology holding company that seeks licensees that are technically and financially capable of successfully implementing the technologies it possesses. David Winsness and VDT have recently selected GIDC as a licensee for its Tornado Generator technology for a number of market segments as GreenShift met the qualifications VDT sought.

Winsness added, "Several articles have been published on the breakthrough technology possessed by VDT. VDT's technology, often referred to as a "Tornado In A Can," utilizes compressed air to create a super-charged vortex that is capable of pulverizing virtually anything into a fine powder."

The Tornado Generator has been featured MSNBC (http://www.msnbc.msn.com/id/4723367/), The New York Times -- Best Inventions of 2004, and has been published on the front page of the Washington Post.

Winsness continued, "The Tornado Generator strongly resonates with a lot of constituencies given the breadth and depth of its application potential. Consequently, VDT has historically been pursued by many private investors that have been unable to invest in VDT given its status as a private company. GreenShift's structure as a publicly traded business development company ("BDC") allows institutional investors to invest in a vehicle that will allow an exit strategy, it allows non-accredited investors an opportunity to act as venture capitalists and invest in new technologies, and lastly it greatly facilitates the needs of inventors who have the concepts, prototypes and expertise yet lack sufficient funds to successfully launch these technologies."

Mr. Kreisler, chairman and chief executive officer of GreenShift Corporation, added "GreenShift is very excited to have David lead the charge for GreenShift Industrial Design Corporation. David and I have long awaited an opportunity where we could capitalize on each of our strengths. We hope that the impact of appointing David Winsness as GIDC's chief executive officer will be immediate, as he has played a vital role in the development of the recently acquired GreenShift technologies and for those we plan to release shortly. Our recent investments, technology acquisitions and new team member appointments bring a substantial resource base to GreenShift and I am personally very eager to provide whatever assistance I can to our portfolio companies as they strive to maximize their potential."

About GreenShift Corporation

GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.

GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:

--Veridium Corporation (OTCBB:VRDM);

--INSEQ Corporation (OTCBB:INSQ);

--GreenWorks Corporation;

--Mean Green BioFuels Corporation;

--GreenShift Industrial Design Corporation;

--Coriolis Energy Corporation;

--TDS (Telemedicine), Inc.;

--Sterling Planet, Inc.;

--Ovation Products Corporation;

--TerraPass Inc.

In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.

Additional information regarding GreenShift Corporation is available online at www.greenshift.com.

Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.