NEW YORK, April 30 /PRNewswire-FirstCall/ -- Green Energy Resources (Pink Sheets: GRGR) announced today it has received a Five(5) year contract for thirty-six (36) shipments per year valued at approximately $61 million annually. The export market is being propelled by stable freight, fuel and currency exchange rates. Green Energy Resources has projected revenues of approximately $50 million in 2009 and $100 million in 2010. The company's target is to capture a 20% market share of European woodchip energy imports by 2011.

Green Energy Resources commenced sales of its new 'Preferred Shares' effective Monday. The shares are valued at $1. The company is limiting sales to 10 million shares in 2009. The company will invest the money in port equipment such as ship loaders, conveyor systems and other machinery; $3 million dollars to set up a new pellet mill in Texas. Preferred Share holders will earn cumulative dividends of 5% of the purchase price and be paid in cash after the 10 million dollars is raised. Preferred Stock will also receive liquidation preference upon sale or liquidation of the company. Shares may be purchased through Green Energy Resources corporate Secretary's office jhhaok@aol.com.

Green Energy Resources is a supplier of woodchips and woodfiber fuels for the power generation industry. The company's principle markets are exports of woodchips to Europe. The US market remains in a formative stage through 2009 but is likely to expand substantially in 2010. Green Energy Resources is an environmentally friendly company that sources wood through urban wood waste streams, recycling, and storm damage. The company's principle goal is to reduce green house gases through the use of renewable energy.

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 company's 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.

www.greenenergyresources.com

SOURCE Green Energy Resources