NEW YORK, NY--(MARKET WIRE)--Sep 8, 2008 -- Green Energy Resources (Other OTC:GRGR.PK - News) announced today first qtr 2008 sales were over $1 million. Sales were led by exports of wood pellets to Europe. The $1 million was in addition to contracts and shipments signed and being performed in late 2007 into 2008. The financials are expected to be posted on Pinksheets before the end of September. The company remains in full compliance with Pinksheets requirements and looks to restore its top tier rating. The company apologizes to shareholders and investors for the delay in reporting. Green Energy Resources continues to meet all of its financial needs and obligations and looks to increase sales in 2008 over 2007 by 10-20%.

ISSUED SHARES REDUCED

In 2008 Green Energy Resources reduced the issued and outstanding shares by 8.5 million from 58 million to approximately 49 million shares. The company continues to be debt free and has never raised public capital.

STOCK BUY BACK

Green Energy Resources announced a stock buy back. The stock is undervalued in the opinion of the company and plans to buy back at least 2 million shares. Green Energy Resources may purchase more shares if values remain below company's expectations. The company has canceled plans to issue a stock dividend in 2008 in order to stem any further dilution.

CARBON OFFSETS

Carbon Credit Offsets are available for purchase through the companys website. The cost is currently $6 per ton of carbon. Money raised will be used to divert wood from landfills for use in renewable energy projects. The company urges every reader to contact their congress person to stop FEMA's burning of the hurricane wood.

New Port Update

Green Energy Resources looks to move in to the two New Jersey Ports soon.

The company is looking for equipment such as log loader trucks and chippers.

A glitch regarding the readiness of the planned site on Long Island, NY has the company looking at an alternative site at the old Brooklyn Navy yards.

The site has indoor and outdoor storage and can handle both barges and deep water ships for exports.

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 companies' 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.

     CONTACT:
     Green Energy Resources
     Joseph Murray
     631-375-7921
     Email Contact
     http://www.greenenergyresources.com
     or
     Worldwide Financial Marketing, Inc. USA
     Investor Relations
     Int'l: 1-954-360-9998
     Nat'l: 1-866-360-9998
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