GreenShift Industrial Design Appoints Greg Barlage to VP Business Development.

MOUNT ARLINGTON, N.J. -- GreenShift Corporation (OTC Bulletin Board: GSHF) today announced that Greg Barlage has joined GreenShift Industrial Design Corporation ("GIDC"), a wholly owned GreenShift portfolio company, as its vice president of business development.

Mr. Barlage's experience includes 15 years of process engineering, manufacturing optimization, maintenance and operations management with a leading food products company. For the past 6 years Mr. Barlage worked for Alfa Laval, a global leader in heat transfer, separation, and fluid handling solutions. There he was responsible for all capital equipment sales to the meat processing and vegetable oil processors in the U.S. In this position he effectively reformed the sales team to grow sales and innovate with new products and systems for these industries.

Notably, Mr. Barlage lead the Alfa Laval team as it worked with Ethanol Oil Recovery Systems, LLC, another GreenShift portfolio company, in its commercialization of its proprietary corn oil extraction technology. Mr. Barlage has also worked on the engineering and installation of a commercial scale version of GreenShift's Tornado Generator(TM) technology located in Joplin, Missouri, where it effectively processes and dehydrates poultry products into highly nutritional and shelf stable products. This system operates 24 hours per day, 5 days per week and also uses Alfa Laval heat transfer and centrifuge components in conjunction with the Tornado Generator(TM) to produce high quality animal fats, chicken broth and dehydrated poultry proteins.

Mr. Barlage has a B.S. in Electrical Engineering from the University of Toledo, Toledo, Ohio, and an MBA from the University of St. Thomas, Minneapolis, Minnesota.

"I believe strongly in what GreenShift is doing and I am excited to join the team," said Barlage. "GreenShift has quickly pulled together a talented team and an impressive package of unorthodox, but innovative and synergistic process technologies. My entire professional career has been about delivering innovative process solutions to my clients that meet key operational and financial metrics. I am very much looking forward to working with GIDC as we engineer and market green innovations and processes that enhance manufacturing efficiencies, improve resource utilization and minimize waste for our clients."

"GIDC's technologies currently fall into three primary functional groups: Universal Processing, Emissions Control, and Alternative Fuels and Energy," added Kevin Kreisler, GreenShift's chairman and chief executive officer. "Greg has significant experience engineering and marketing process technologies that fall within each area and we were impressed with his focused hands-on approach. We are excited to have Greg join our team and expect he will be quite busy as GIDC executes on its current initiatives."

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GSHF) 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. 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.