Additionalinformation may be found at Norsat International Inc

Additionalinformation may be found at Norsat International Inc.Dr. Amiee Chan, 604-821-2808President & orEugene Syho, 604-821-2838Chief Financial Copyright Business Wire 2009. Technologies Increase Corn To Biofuel Yields By 7% While Reducing Fossil FuelsUsed In Corn Ethanol Production Process By Up To 10%NEW YORK–(Business Wire)–GreenShift Corporation (OTC BB: GERS) today announced that it has receivedNotices of Allowance from the U.S. Patent and Trademark Office for itsproprietary corn oil extraction technologies. One Kernel: Two FuelsGreenShift`s corn oil extraction technologies make possible the production ofadvanced biofuel from inedible corn oil, a previously untapped biodieselfeedstock entrained in the distillers grain co-product of corn ethanolproduction. “GreenShift has invested heavily in the development and commercialization of itscorn oil extraction technologies,” said Kevin Kreisler, GreenShift`s chiefexecutive officer. “This investment has culminated in the development of a vitalnew technology with important and timely consequences for the existing U.S.renewable fuel industry.” Enhanced Biofuel SustainabilityGreenShift`s corn oil extraction technologies are widely considered to be thequickest path for margin improvement for corn ethanol producers today.GreenShift has proven that it can extract upwards of 6.5 gallons of previouslyunrecovered inedible crude corn oil from the distillers grain co-product of cornethanol production for every 100 gallons of ethanol produced.

This correspondsto a 7% increase in the gallons of biofuel produced per bushel of corn from 2.8to 3.0 gallons per bushel for first generation corn ethanol facilities.GreenShift`s extraction technologies accomplish this in a way that alsodecreases the fossil fuel consumption of the host ethanol facility by up to 10%while increasing the nutritional value of the distillers grain co-product as acommercial animal feed. All of this increases the energy balance and cash flowsderived from the use of corn to produce ethanol, and presses the evolution ofcorn ethanol forward into enhanced sustainability. GreenShift`s proven extraction rate also translates to 680 million gallons peryear (“MMGY”) of inedible feedstock for conversion into advanced biofuel withthe U.S. corn ethanol complex producing 10.5 billion gallons per year.Incredibly, this amount of corn oil could fill the entire operational U.S.biodiesel fleet with a sustainable new inedible feedstock.

GreenShift holds a 6%share of this market opportunity today and is currently under contract toinstall more than 40 MMGY of shovel-ready corn oil extraction facilities atethanol facilities throughout the U.S. At current market prices, 680 MMGY of crude corn oil would contribute about $1.6billion dollars per year to the GDP while stimulating more than $850 million peryear in newfound EBITDA into both of the U.S ethanol and biodiesel industries. David Winsness, GreenShift`s chief technology officer and co-inventor ofGreenShift`s extraction technologies, added that: “There are no othertechnologies that have been developed, commercialized and integrated into thecorn ethanol industry today that have produced anything approaching the yieldimprovement and energy savings demonstrated by our extraction technologies. Weare thrilled to have the first two of our many novel patent applications allowedand we are looking forward with great anticipation to contributing to thesustainability of our ethanol clients and the renewable fuels industry in amaterial way.” GreenShift`s corn oil extraction offering is structured to provide 100% of thecapital needed to build and integrate turn-key, skid-mounted facilities based onits extraction technologies into corn ethanol facilities in return for thelong-term (10 years or more) right to purchase the extracted oil for a fairprice that is indexed to diesel fuel prices.