NEW YORK, June 15 /PRNewswire-FirstCall/ -- Green Energy Resources (Pink Sheets: GRGR) announces it has entered into an alternative financing arrangement to provide the company with sufficient funds to carry out its 2009 and 2010 business plan.

The company has received a commitment from private financiers for up to $10 million dollars. The company and the private lender have agreed that the first funded loan shall be in the amount of$2,00,000 and closed within 10 days. Both parties anticipate receipt of additional funding is forthcoming. Access to additional credit is available when needed. Further details shall be announced to the public once the initial financing tranche has been deployed.

Green Energy Resources CEO, Joseph Murray stated: 'We are gratified Green Energy Resources has been able to construct a viable method for obtaining needed liquidity at a time when traditional lenders are increasingly cautious in extending financing opportunities. The commitments that we have managed to obtain in this climate are indicative of the strength of Green Energy's model, and validate our firm belief that the alternative energy sector has the unique attention and support of financing sources.'

Green Energy Resources remains on target to generate $50 million dollars in gross revenues in 2009. A strong export market and very strong domestic market for wood biomass has positioned the company very well. Green Energy Resources intends to make several major announcements regarding the US domestic market shortly.

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.

www.greenenergyresources.com

SOURCE Green Energy Resources