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Feburary 4, 2010

NEW YORK–(CRWENEWSWIRE)–GreenShift Corporation (OTC Bulletin Board: GERS - News) today announced a significant modification to its market offering for its recently-patented corn oil extraction technologies.

Under GreenShift’s new licensing option, authorized licensees will be granted the right to directly build, own and operate the equipment they need to use GreenShift’s patented extraction technologies in return for an ongoing royalty payment equal to 20% of the licensee’s corn oil sales. This royalty structure is derived in part from the standard conventions used by thousands of companies in many different industries, including the auto, consumer products, energy, food and manufacturing sectors.

Integration of GreenShift’s patented Method I corn oil extraction technologies into a 100,000,000 gallon per year ethanol production facility will result in the production of between 1,500,000 and 3,000,000 gallons (11,400,000 to 22,800,000 pounds) per year of corn oil, and about $2,300,000 to about $4,500,000 in additional net income to the ethanol producer at the current market price of corn oil (not including the impact of energy savings) – net of GreenShift’s 20% royalty.

At the lower end of this range, an ethanol producer’s investment in an extraction facility can pay for itself within less than about 18 months based on the current market price of corn oil.

Additional Benefits

Authorized licensees under GreenShift’s new program will receive the following additional benefits:

Optional Construction Financing
Qualified producers have the ability to take advantage of direct financing that GreenShift has arranged for its licensees for the construction and installation of extraction facilities based on GreenShift’s patented technologies.

Producer Retains Control of Oil
Authorized licensees have the option to retain control of the extracted oil for direct sale to the highest bidder – with or without the construction financing sourced by GreenShift.

Technical Services Support
GreenShift’s licensees have featured access to GreenShift’s engineers for systems design and integration, ongoing technical support, and yield optimization services. Not all ethanol plants are created equally – different plants will have different operating conditions that will impact yield and energy consumption. GreenShift will work with its licensees on an ongoing basis to ensure that their extraction facility is designed, installed and operated in ways that match their specific needs while maximizing oil yield and energy savings.

Continued Innovation
Licensees receive preferred access to GreenShift’s portfolio of other patent-pending technologies, each of which has been designed to enhance ethanol production efficiencies. This includes GreenShift’s patent-pending Method II corn oil extraction, Method III Cellulosic Oil™ and other technologies from GreenShift’s portfolio of Backend Fractionation™ technologies.

GreenShift’s technical services staff are available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.

About Corn Oil Extraction

GreenShift’s patented corn oil extraction technologies enable GreenShift and its licensees to “drill” into the back-end of first generation corn ethanol plants to tap into the existing reserve of inedible crude corn oil with an estimated industry-wide output of about 20 million barrels per year. This corn oil has been historically trapped in the distillers grain co-product of ethanol production (“DDGS”) and is a valuable second generation feedstock for use in the production of advanced carbon-neutral liquid fuels, such as biodiesel, biojet fuel, and renewable diesel, thereby enhancing total fuel production from corn and increasing ethanol plant profits.

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies designed to address the financial and environmental needs of GreenShift’s clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.

At full participation by the ethanol industry, GreenShift’s commercially-available technologies can give way to disruptive gains by sustainably producing globally-meaningful quantities of new carbon-neutral liquid fuels for distribution through existing supply chains. GreenShift is focused today on supporting integration of its patented and patent-pending corn oil extraction technologies into as much of the ethanol fleet as possible. GreenShift also maintains its strong commitment to continued innovation and has many additional patents pending for its Backend Fractionation™ portfolio of strategically-compatible cleantech designed to continue driving the corn ethanol industry into increased sustainability and global competitiveness.

Additional information on GreenShift and its technologies is available online at www.greenshift.com.

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 GreenShift Corporation and members of its 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.

Contact:

GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336 fax
Email: investorrelations@greenshift.com
Web: www.greenshift.com

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