Warwick Will Exchange Two Million Shares for License of Global Resource Corp.'s Microwave Technology for Extracting Hydrocarbons from Oil Shale, Tar Sands and Waste Resources in Canada WEST BERLIN, N.J., Dec. 19 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC Pink Sheets: GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has signed a letter of intent with Warwick Communications, (WARK: CNG), Calgary, Alberta, Canada, for an exclusive twenty-year license to use the company's revolutionary microwave machinery to recover energy from oil, gas, mining and waste resources in Canada. Under the terms of the agreement, which were approved by the Boards of both companies yesterday, Warwick will give Global Resource Corp. in exchange for the license two million shares of its stock and warrants to purchase additional shares. Also, Warwick promises to purchase a minimum of one microwave machine each year for the next five years. This will total $25,000,000.00 or $5,000,000.00 per year. Chairman Frank Pringle of Global Resource Corp. said, "This licensing agreement will enable us to get Global Resource Corp.'s extraordinary technology working to produce energy in Canada right away. Warwick CEO, President and CFO Jeremy P. White and his management team are experienced in oil & gas exploration, mining and waste management. Additionally, they have access to Canadian government grant financing for new up-grading technologies. Therefore they are ideal partners to launch our microwave technology in Canada." White said, "Global Resource's 'hydrocarbon extraction' microwave technology, invented by Frank Pringle, will be one of the most significant small-scale upgrading technologies introduced in Canada for upgrading its diverse wealth of natural resources in: oil sands, heavy oil, shale oil, coal and its abundance of hydrocarbon waste steams such as: tires, plastic and organic municipal waste. Warwick is pleased to be part of this exciting development opportunity for Canada." Along with CEO, President and CFO Jeremy White, Warwick's management team and board of directors include Executive Vice President Jules Roy and Chief Technology Director James C. Speight. White is currently CEO of AAA Power, Inc., Calgary, a venture company focused on new technology start ups. He has many years of experience in oil refining, exploration and development as well as mining operations in Canada. James C. Speight has headed his own consulting firm, CD&W, Laramie, WY, since 1998. An eminent consultant, author and lecturer on energy, from 1990 to 1998, he was chief executive officer of the Western Research Institute, Laramie, WY, with which he has been associated since 1984. Jules Roy has 15 years business experience in financing new company start- ups, investment, management, administration and real-estate development with extensive experience in the environmental and recycling industry as well as the steel industry. He sits on the boards of two Toronto Stock Exchange companies as well as several non-listed private companies. The agreement also specifies that Warwick has a first right of refusal to negotiate for Brazil, Morocco, Panama, Trinidad & Tobago and China. In addition, the agreement grants Warwick exclusive first right to purchase an exclusive Canadian license rights to any new technologies Global Resource Corp. develops. A member of the Global Resource Corp., board of directors will join Warwick's board upon the successful conclusion of the agreement. About Global Resource Corp. Global Resource Corp., (OTC:GBRC.PK), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: http://www.globalresourcecorp.com/ Forward-Looking Statements 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. PR/Media Relations Contact: Richard Stern Stern & Co. Tel: 212-888-0044 Jeff Andrews CFO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ 08091 Main: 856-767-5661 Investors, Arun Chakraborty, Stern & Co. 212 888 0044 DATASOURCE: Global Resource Corp. CONTACT: PR/Media Relations, Richard Stern, +1-212-888-0044, , or Investors, Arun Chakraborty, +1-212-888-0044, , both of Stern & Co.; or Jeff Andrews, CFO of Global Resource Corporation, +1-856-767-5661, Web site: http://www.globalresourcecorp.com/

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