Global Earth Energy, Inc. Signs LOI; Plans To Install A Biodiesel Production Plant

Buffalo, NY - Global Earth Energy, Inc. ("Global" or the "Company") announced it signed a Letter of Intent, or LOI, with "ADI," the owners of a chemical plant near Wilmington, North Carolina. The LOI outlines Global's plans to install a one million gallon per year ("MGY") biodiesel production site located on a chemical plant in Leland, NC.

Global will rent the land necessary to produce 1 to 5 MGY of biodiesel, an alternative green energy fuel made from domestic and renewable resources such as soybean and vegetable oils. Global and ADI will agree that ADI will operate the plant and Global will sell the produced biodiesel under a production and fuels blending agreement.

The plant is strategically located in North Carolina to take advantage of the favorable climate, feedstock supplies and strong local demand. The southeast United States offers significant financial incentives to support the production of biodiesel.

Sydney Harland, President and CEO, commented, "ADI has a long standing reputation in the chemical plant construction and operation fields. I am extremely optimistic and excited to embark on an agreement with ADI. With the leasing of ADI's site, I believe Global can be a market leader offering the most cost effective, scalable and adaptive approach to biodiesel production."

SOURCE: Global Earth Energy, Inc.