Greenearth Energy Limited ("GER") wishes to announce the results...

Greenearth Energy Limited ("GER") wishes to announce the results of its Inferred Resource work, completed for the Seaspray area contained within its Geothermal Exploration Permit GEP13, which encompasses the Onshore Gippsland Region. The results of the work completed for Greenearth Energy by consultants Hot Dry Rocks Pty Ltd have produced an estimation of a significant inferred resource of approximately 3,600 petajoules (PJ) encompassing a Hot Sedimentary Aquifer (HSA) geothermal "play".

The inferred resource is confined to the area of the Wombat 3D seismic survey carried out in early 2008 that covered an area of 29km 2 which represents only 0.54% of Greenearth Energy's GEP13 permit area. The inferred resource of 3,600PJ covers an area of 27.5km 2 and encompasses an area of stored heat energy that is contained in a 14.5km 3 volume of rock. Only 2.8% of the stored heat would have to be recovered over a 30 year project life to generate a constant flow of 10MWe.