MINE Minerco Inc (CE)

Minerco Resources, Inc. (OTCBB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today the company has received official verification and confirmation of the long-term rate structure from the Honduran National Commission of Energy ("NCE") for the company's Chiligatoro Hydro-Electric Project's 30 Year Operations Contract.

The Honduran NCE verified and confirmed the long-term rate structure for the 30 Year Operations Contract for the Chiligatoro Project which is identified as Document Number 2006-E37. The NCE previously approved all the terms of the Operations Contract with the exception of the energy sales rate structure, which it has now done.

The sales rate is published annually by Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry. The average rate, based on Short-Term Marginal Cost, for year 2010 is US$97.96 per mega-watt hour (MW-h) as published by SERNA in La Gaceta on January 15, 2010, Section A: Agreements and Laws No.32, 114, page 8.

As previously released, the Operations Contract defines an initial capacity of 5.2 MW-h for a term of 30 years. Consideration for increased capacity can be obtained based on final plant design. Minerco expects to receive increased capacity approval after submission of the Final Design. The Contract also grants a "First Right of Refusal" for renewal and allowances for all generation, sales and transmission of energy from the Chiligatoro Project. Additionally, the "Transmission Clause" provides Minerco with the ability to charge transmission fees from other operators through the Minerco owned transmission lines.

For electricity generation projects utilizing renewable energy, Honduran Law has provided a 10% price incentive over the short-term marginal cost for a period of 15 years and a tax exemption for a period of 10 years. Therefore, the Operations Contract contains a sales rate of US$107.76 per MW-h (with incentive) for the first 15 years, or US$73.6 million. The following 15 years will utilize a rate of US$97.96 per MW-h, or US$66.9 million. Based on the quoted Short-Term Marginal Costs and legislative incentives, the 30 Year Chiligatoro Operations Contract is valued at US$140.5 million.

Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements. C. Jones Consulting, Inc. is being compensated $4000.00/month to handle Investor Relations.

Please contact: C. Jones Consulting, Inc. cjones@cjonesconsulting.com