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Notice of Allowance Issued for Third GreenShift Corn Oil Extraction Patent


Tuesday, February 16, 2010

Further Strengthens Intellectual Property Position

New York, NY -- GreenShift Corporation (OTC Bulletin Board: GERS) today announced that a Notice of Allowance was issued by the U.S. Patent and Trademark Office for GreenShift’s third patent on its corn oil extraction technologies.

GreenShift’s patented corn oil extraction technologies enable GreenShift and its licensees to "drill" into the backend of corn ethanol plants to tap into an existing reserve of inedible crude corn oil that has been historically trapped in the distillers grain co-product of ethanol production. This corn oil 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, increasing ethanol plant profits, and reducing lifecycle greenhouse gas emissions from the production of corn ethanol.

David Winsness, GreenShift’s chief technology officer, said that "we are excited to be receiving this third patent as it further strengthens our first mover technology position. While we have many additional applications pending, our issued patents are generally directed to mechanical extraction of oil from concentrated stillage."

GreenShift’s portfolio of patented and patent-pending corn oil extraction technologies can increase an ethanol producer’s biofuel yields per bushel of corn by upwards of 7% while reducing the energy use and lifecycle greenhouse gas emissions by an estimated 21% and 29%, respectively.

Winsness concluded: "Licensed facilities based on our technologies can earn a payback for ethanol producers in less than 18 months at current market prices. We are eager to help ethanol producers realize the compelling benefits of our patented and patent-pending corn oil extraction technologies while we earn a return on our investment and build value for our shareholders."

About GreenShift Corporation

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

GreenShift’s mission is to build shareholder value by using its technologies to catalyze disruptive environmental gain. GreenShift believes that the first, best and most cost-effective way to achieve this is to develop technology-driven economic incentives that motivate large populations of people and companies to make incremental environmental contributions that are collectively very significant.

With adoption by most of the U.S. ethanol industry, GreenShift’s commercially-available technologies can give way to disruptive gains by enabling sustainably increased production of globally-meaningful quantities of renewable fuels for distribution through existing supply chains.

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.



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