Global Energy Holdings Group, Inc. Sells Ethanol Facility to Fiberight, LLC

Xethanol Biofuels, LLC, a subsidiary of the diversified renewable energy company, Global Energy Holdings Group, Inc. (NYSE Amex: GNH), announced the execution of a definitive agreement to sell its ethanol facility in Blairstown, Iowa to Fiberight, LLC. Closing of the transaction is expected to occur on September 30, 2009. The Blairstown Facility consists of a 24,728 square foot ethanol plant on 25.5 acres of land, a 20.9 acre vacant lot adjoining the property, and warehouse and distribution facilities.

The Blairstown Facility was producing ethanol at a rate of approximately 5.6 million gallons per year, using corn as its feedstock, before Global Energy ceased production of ethanol at the facility as of May 1, 2008. In addition to ethanol production, the Blairstown Facility also produced distiller’s wet grains, or DWG, a by-product of the traditional corn-to-ethanol process.

Fiberight intends to convert the facility into an integrated demonstration plant to produce cellulosic ethanol using Fiberight’s proprietary sold waste to biofuels technology, with waste feedstocks sourced from the Cedar Rapids area.

About Global Energy Holdings Group

Global Energy Holdings Group, Inc. is a diversified renewable energy company based in Atlanta, Georgia. Global Energy Holdings Group, Inc. develops renewable energy projects, including biomass gasification and landfill-gas-to-energy projects. Global Energy Holdings Group also coordinates and implements energy-efficiency projects, such as cogeneration and heat recovery, for organizations that include government agencies and the U.S. military. Global Energy Holdings Group provides tailored solutions that capitalize on the nation’s need for diverse energy resources, while investing in promising innovations to help power the future. The company trades under the ticker symbol GNH on the NYSE Amex Exchange (formerly the American Stock Exchange). For more information about Global Energy Holdings Group, please visit its website at www.gnhgroup.com.

Forward Looking Statements:

Some of the statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the company believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, the company’s actual results could differ materially from those anticipated in the forward-looking statements. For information about risks and uncertainties the company faces, please see the sections entitled “Risk Factors” in the company’s most recent annual report on Form 10-K and quarterly report on Form 10-Q as filed with the SEC. The company cautions investors that any forward-looking statements made by the company are not necessarily indicative of future results. The company is not responsible for updating the information contained in this press release or for changes made to this document by wire services or internet services.

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