NEW YORK, NY--(MARKET WIRE)--Aug 26, 2008 -- Green Energy Resources (Other OTC:GRGR.PK - News) announces a stock buy back. The company plans to repurchase two to three million shares over the next 6 to 12 months or sooner. In the estimation of CEO Joseph Murray, current share values do not reflect the strength of the company, or its contracts. The company has turned a profit in 4 consecutive years of operation since 2004. Green Energy Resources issued dividends of 5% in 2006 and 10% in 2007 on revenues in excess of $7 million. The company has not raised any public money, operates on its own self-generated revenues and has no debt. The company looks to grow in sales in 2008 by 10-20%.

Green Energy Resources is an exporter of wood fiber fuels to the power generation industry. The company recently leased three ports in the New York / New Jersey Region and added a marine transportation division for barge and tug transport. The company looks to become the largest supplier of urban wood waste streams, C&D and woodchips in the United States. Markets include supply of wood fiber fuels for wood to ethanol production, co-firing with coal, direct burn and gasification. Wood biomass represents 53% of all renewable energy production in the US and is 10 times the combined volumes of wind and solar 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.

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     Green Energy Resources
     Joseph Murray
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