Oct. 14, 2009 (Business Wire) — Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce that an analysis of the Veliko Gradiste zone demonstrates the potential for 50MW of wind energy development. As per the agreement with the municipality, Green Star is exploring the economic viability of the region’s wind resources to determine whether to exercise the right to develop wind power and supply the area with green electricity.

The Company’s wind resource engineer, MSc. Nikola Vasiljevic, has sited three separate micro locations in his report: two in Ram and one in Deliblatska Pescara. Plans to erect one of the Company’s wind sensors at the Ram site are underway. The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the

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About Green Star Alternative Energy, Inc.

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

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce the signing of non-disclosure agreements between the Green Star/Notos JV and Gamesa Eolica S.L.; as well as between the Green Star/Notos JV and Elektrawinds. The non-disclosure agreements reflect the Company’s efforts to complete discussions with both Gamesa and with Elektrawinds.

Gamesa is one of the main wind turbine manufacturers worldwide and is a leader in the design and development of these turbines. Gamesa has installed more than 16,000 MW of its main product line in 20 countries spread out over four continents. However, manufacturing is only a part of its corporate mandate – the Gamesa Business Unit has the mission of developing and building wind farms.

Elektrawinds is currently the largest private company in the Belgian renewable energy market and was established in 1998. Elektrawinds produces, sells and distributes green power

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Municipality of Veliko Gradiste. The arrangement allows Green Star to explore the economic viability of the regional wind resources; and upon evaluation, the right to develop wind power and supply the area with green electricity.

The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the Danube River and left bank of the Pek River. The initial micro location for placement of the Company’s wind sensors has been identified in the settlement of Ram, and the Municipality has allotted 200 hectares of land towards this endeavour.

Miodrag Andric, CEO of Green Star Alternative Energy, stated: “The Company will continue to

Green Star Alternative Energy, Inc. (“GSAE” or the “Company”) -http://www.greenstarae.com- is pleased to announce that the Company has filed an amended Form 10 with the U.S. Securities and Exchange Commission (SEC) to become a fully reporting entity. This status will permit GSAE to obtain a listing on NASDAQ’s OTC Bulletin Board – a regulated quotation service that displays real-time quotes, last-sale prices, and market depth and volume information for over-the-counter securities.

Mike Andric, CEO of Green Star Alternative Energy, stated, “Green Star’s exposure will broaden with an imminent listing on a larger stock exchange, and the Company will apprise its shareholders and the investment community as growth events unfold.”

About Green Star Alternative Energy (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

Green Star Alternative Energy, Inc. (“GSAE” or the “Company”) -http://www.greenstarae.com- is pleased to announce that initial wind velocity information, from the Company’s Belo Blato wind farm site, provides data that is superior to prior figures. Further analysis over the third quarter will further refine the wind energy potential.

Mike Andric, CEO of Green Star Alternative Energy, stated, “Green Star’s engineering team is very excited with the data collected – these figures can have a significant impact by allowing for greater installed capacity for the project and generating more green electricity.”

About Green Star Alternative Energy (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

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) – http://www.greenstarae.com – is pleased to announce that it has appointed Capital Partners d.o.o. to serve as its investor relations counsel.

The announcement was made by Mike Andric, the Company’s President who is also founder and CEO of Notos, d.o.o. Mr. Andric stated that “With Capital Partners, we are ensured of fitting representation that will increase awareness of the Company’s efforts.” Mrs. Svetlana Krstic, co-owner of Capital Partners, said: “We believe that this is a long-term cooperative effort and Notos and Green Star will be a success story for the whole community in this region of Europe.”

About Green Star Alternative Energy (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

Green Star Alternative Energy, Inc. (GSAE:OTCPK or the “Company”) -http://www.greenstarae.com- is pleased to announce that it is moving towards compliance with the U.S. Securities and Exchange Commission (SEC) and becoming a fully reporting entity. The Company plans to respond, this week, to the SEC request to file an amended Form 10. Subsequently, GSAE will obtain a listing on NASDAQ’s OTC Bulletin Board – a regulated quotation service that displays real-time quotes, last-sale prices, market depth and volume information for over-the-counter securities.

Mike Andric, CEO of Green Star Alternative Energy, stated, “Green Star will very shortly become a fully reporting company, and the OTC Bulletin Board will be a step towards a listing on a larger stock exchange.”

About Green Star Alternative Energy (GSAE:OTCPK)

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.

Green Star Alternative Energy, Inc. (OTCPK: GSAE) (Frankfurt: GAT) (http://www.greenstarae.com) announced that it is undertaking an investigation into the matters that resulted in Pink OTC Markets, Inc. inserting a “skull and cross bones” caveat emptor warning on the webpage showing the Company’s Common Stock.

Earlier the Company was informed by Pink Sheets that the cause of the Caveat Emptor moniker was due to the discovery that Pink Sheets alleges that Green Star had been associated with a group that had reportedly undertaken spam email activity. The Company is working with Pink Sheets to have the caveat removed as soon as possible and correct this error.

In response, the Company’s President, Miodrag Andric, speaking from an office in the Republic of Serbia, stated, “The Company has clear control over all press releases and all other public announcements regarding its affairs and it is seeking to identify the source of these

Green Star Alternative Energy, Inc. (OTCPK: GSAE) (Frankfurt: GAT) (“GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce the hiring of Nikola Vasilijevic as the Company’s Wind Farm Designer. Nikola’s expertise lies in electrical engineering and computer science; he will oversee the engineering and construction of Green Star’s wind farms.

Nikola has worked for EPS, Electric Power Industry of Serbia, and has made significant research contributions to the assessment of wind energy potential in the region. His published work includes “Creating the Map of Vojvodina’s Wind Potential Using Linear Interpolation Independent of Direction” (2008); and Nikola was an honorary presenter at the European Wind Energy Conference in Marseilles.

Miodrag Andric, CEO of Green Star Alternative Energy, stated: “The Company is assembling the team needed to begin the development phases of our corporate strategy, and Nikola’s experience will prove most valuable during design and construction.”

About Green Star Alternative Energy