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GSHF News NextGen Fuel Receives Order for Five Million Gallon Per Year Biodiesel System from e-biofuels LLC

NEW YORK--(BUSINESS WIRE)--GS AgriFuels Corporation (OTC Bulletin Board: GSGF) is pleased to announce that Fishers, Indiana-based e-biofuels LLC has entered into an agreement with NextGen Fuel for a five million gallon per year biodiesel system. The NextGen system is expected to be completed in February 2007 for testing and deployed at e-biofuels’ Middletown, IN facility immediately after. The system, which is being manufactured by Warnecke Design in Van Wert, Ohio, is expected to initially operate using soybean oil.

Fabrication of e-biofuels’ first system will begin immediately, and Chad Ducey, CEO from e-biofuels stated, “We have been following the progress of NextGen and their technology for some time now, and we are pleased to have the opportunity to deploy what we think is one of the most advanced technologies in the industry. We are excited to use NextGen’s system and hope to ultimately deploy several in our facility.”

e-biofuels’ Middletown, Indiana facility is being built for capacity of 25 million gallons per year, and is expected to begin operations in March 2007. The e-biofuels plant is will employ up to 15 people by peak production.

This recent order by e-biofuels LLC represents NextGen’s fourth customer order for or shipment of equipment in the past 90 days - in total representing 30 million gallons of production capacity to date.

About NextGen Fuel, Inc.

NextGen's biodiesel process technology leverages innovative process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits reduce capital and operating costs by as much as 50% over traditional approaches, and NextGen’s systems can be deployed to a plant in as quickly as 12-18 weeks. NextGen currently offers turn-key biodiesel production plants rated for 5 million gallons per year and 10 million gallons per year, but the modular and continuous-flow aspects of the technology make scaling plants up or down easy and cost-effective.

About e-biofuels LLC

e-biofuels, LLC is a manufacturing and marketing company dedicated to providing its customers with a cost effective and efficient alternative fuel made from refined soybean oil. The manufacturing process and the product are both based on innovative technology that captures the benefit of a very efficient process while emitting very low emissions to the environment with virtually no waste.

About GS AgriFuels Corporation

GS AgriFuels was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels’ business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, catalytic, and carbon capture technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel (“IMF”) production facilities.

GS AgriFuels is majority owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources.

Safe Harbor Statement

This press release contains statements that 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 GS AgriFuels 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.