MINE Minerco Inc (CE)

Minerco Resources, Inc. (OTCBB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced on October 20, 2010 the Chiligatoro Hydro-Electric Project received further environmental approval from the municipality of Intibuca.

The approval from the Coordinator of the Environmental Unit from the municipality of Intibuca is another important and necessary step in the process of obtaining Congressional approval for the Chiligatoro Project. For a step by step look at the approval process in Honduras, visit our website at www.minercoresources.com/process.php.

As previously released, the local communities have formally approved the Chiligatoro Project, the Environmental Impact Study and Water Contract for the Chiligatoro Project have been submitted to Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry. The Honduran National Commission of Energy has approved and SERNA has signed the 30 Year Operations Contract for the Chiligatoro Project.

"Minerco is very pleased to receive yet another approval in the process of developing the Chiligatoro Project. We are one step closer to realizing our vision of providing clean, green energy in Honduras and throughout the region. In line with our vision, Minerco is currently engaged in ongoing discussions with multiple financial institutions, both in the United States and Latin America, regarding the financing of the Chiligatoro Hydro-Electric Project," said V. Scott Vanis, Minerco's President and CEO.

On October 5, 2010, the company appointed its Chief Financial Officer, Sam J Messina III, as its Secretary, Treasurer and a member of the Board of Directors. Mr. Messina has been with the company since July 2010. Prior to joining Minerco, Mr. Messina worked at Alternative Energy Development Corporation as Chief Financial Officer and Director from November 2009 to September 2010. He previously worked at Qualcomm, Inc. at various roles within their accounting and finance team from October 2006 to November 2009. Prior to that Mr. Messina served as the Chief Financial Officer of Pop3 Media Corp. from July 2004 to July 2006. Mr. Messina holds a B.A. degree in Finance from Loyola University Chicago and is a Certified Public Accountant in the State of California.

"Sam's experience and dedication is invaluable to Minerco. Additionally, his entrepreneurial spirit is a perfect for helping our company to realize our new green vision. I am very grateful and excited to have Mr. Messina on our team. His strong accounting and finance background will positively impact our company's green future," said V. Scott Vanis, Minerco's President and CEO.

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.

Please contact: Minerco Resources, Inc. info@minercoresources.com 281-994-4187