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SAN DIEGO, CA — (Marketwire) — 05/12/09 — Green Star Alternative Energy, Inc. (PINKSHEETS: GSAE) announces negotiations with ‘GE Energy’ Development Group for South East Europe. Executives from ‘GE Energy’ met with Green Star’s Serbian partner — Notos — in Belgrade for an exchange of experience and knowledge in the area of wind data collection, and to consider the future of wind power development in the Republic of Serbia.

The two day meeting was initiated by GE and organized within the context of the GE ‘Strategy for South Eastern Europe.’ The appropriate and skilled expansion of wind energy into the South East European electricity market was the foremost topic on the agenda. This focus will provide the foundation for GE to work in partnership with Notos in establishing the necessary framework for the development and execution of future alternative energy projects.

GE intends to do so specifically “… by increasing the cooperation between experts from GE and Notos in evaluating and organising the platform from which the projects will be executed. This shall be achieved with close cooperation with the Serbian government and Ministry of Energy.” Mr. Neven Pecotic, Director of the GE Energy Development Group for South East Europe, elaborates, “After several years of preparatory activities and cooperation with the Balkan State Members, GE has been instrumental in helping them develop balanced national energy strategies, set up inter-ministerial coordination mechanisms, and create national focal points and energy information networks. Now, we distinguish in Notos, a young company with the necessary qualities and management acumen to see projects through the development phases on to completion.”

Preparations are currently underway for the follow-up meeting which will take place in Belgrade during the month of May. Notos and the expert group from GE will chart the course of action on the implementation of renewable energies, in South East Europe, from 2009 onwards.

Mike Andric, CEO of Green Star Alternative Energy, stated: “I believe GE values our Serbian expertise, and I look forward to furthering our discussions on the development of alternative energy in the region.”

About Green Star Alternative Energy (GSAE.PK)

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. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

About GE Energy

GE Energy is a multinational American technology and services conglomerate, and one of the world’s largest companies. “GE is one of the world’s leading wind turbine suppliers. With over 10,000 worldwide wind turbine installations comprising more than 15,000 MW of capacity, our knowledge and expertise spans more than two decades.” (Source: http://gepower.com/businesses/ge_wind_energy/en/index.htm)

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.

For further information contact: 866-955-GSAE (4723); info@greenstarae.com

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