Green Star in Discussions to Acquire Notos

SAN DIEGO--Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) (“GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce that the Company is negotiating to purchase Notos d.o.o. Notos, a privately held company, is currently a joint venture partner with Green Star on several wind energy projects in the Republic of Serbia. Management expects the acquisition to be completed with the issuance of between five and ten million restricted shares, and believes that this merger will strengthen the Company’s industry position and increase shareholder value.

Notos d.o.o. specializes in the creation of electricity from wind energy. With the Belo Blato project currently being scheduled for development and an extensive portfolio of wind resources, Notos is an important participant and pioneer in the Serbian renewable energy sector.

Jesse De Castro, CFO of Green Star Alternative Energy, stated: “The Company has considered various options for growth and expansion; acquiring Notos provides Green Star with a genuine presence in the lucrative European energy market, and complete ownership of its current and future assets.”

About GSAE

Green Star Alternative Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighbouring European countries. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

FORWARD-LOOKING STATEMENTS

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