2009-11-10 22:32:05 -

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) (“GSAE” or the “Company”) ( 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

This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties.
Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.



Green Star Alternative Energy, Inc.Jesse De Castro, CFO1-866-955-GSAE
(4723) info@greenstarae.com : mailto:info@greenstarae.com