No Carbon Monoxide (CO) or Carbon Dioxide (CO2) WEST BERLIN, N.J., July 2 /PRNewswire-FirstCall/ -- Global Resource Corporation (OTC:GBRC), announced that it has commenced a second round of testing on coal using its patent pending technology. The reason for the second round of tests is to substantiate original results. During initial testing, GRC's lab technicians discovered only a miniscule CO or CO2 amount analyzed by their gas chromatograph/mass spectrometry equipment that was directly related to the oxygen naturally inherent to the bituminous coal samples tested. If further testing confirms the results, GRC could very well be the first company to gasify coal without contributing a major greenhouse negative effect by not using oxygen in the gasification process. The results of the first round of tests indicated that methane, other hydrocarbon gases, liquids in the diesel-heating range, and hydrogen were extracted from the bituminous coal. After processing, what is left behind are activated carbon and coke as a residue. All of the products have real market value. "The potential of this development is staggering. It could contribute to energy independence for the U.S. derived from a fuel source in its own backyard," according to Frank Pringle, CEO of Global Resource Corporation. According to the Energy Information Administration (1995), it is estimated that the United States has enough coal to last 250 years. GRC is currently working with professors from Penn State and West Virginia Universities, both of which include coal engineering and chemistry classes in their curricula. Rich Hancock of Market News First will interview Hawk Hogan, GRC's Chief Engineer, from 1:30 p.m. to 1:45 p.m. on Monday, July 2nd covering this story. There will be a three-minute video posted on GRC's website on http://www.globalresourcecorp.com/coal-video.htm showing the experiment on bituminous coal. From the video clip, the viewer will be able to see the coal beginning to gasify 30 seconds into the experiment. About Global Resource Corp. Global Resource Corp. has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology. This news release contains forward-looking statements regarding Global Resource Corp's business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events. Company contact: Frank Pringle CEO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ 08091 Main: 856-767-5661 Press contact: Matt McLoughlin Senior Account Executive Gregory FCA 27 West Athens Avenue Ardmore, Pa. 19003 Main: 610.642.8253, ext. 129 Mobile: 610.996.4264 DATASOURCE: Global Resource Corporation CONTACT: Frank Pringle, CEO of Global Resource Corporation, +1-856-767-5661, ; or Matt McLoughlin, Senior Account Executive of Gregory FCA, +1-610-642-8253, ext. 129, mobile, +1-610-996-4264, , for Global Resource Corporation Web site: http://www.globalresourcecorp.com/coal-video.htm

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