Published: April 19, 2006

Global Energy Announces Addition of Retail Lending to Its Mortgage Network

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Global Energy Resources Inc. (OTC: GERI), a Delaware Corporation, announced today that it has added retail lending to its Financial Division's mortgage services operation. According to GERI's president Chris Butchko, GERI's first retail mortgage office has opened in Irvine, California. Butchko states, "We believe we will be able to offer superior service to our retail customers based on the experience and expertise of our professional staff."

GERI's Finance Division now provides both wholesale and retail lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. GERI's wholesale mortgage business is an integral part of its Finance Division and is utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs.

About Global Energy Resources Inc.:

Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.