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Veridium Corporation VRDM) today announced its receipt of an order from a Wisconsin based ethanol
producer for the second stage of Veridium's patent-pending Corn Oil
Extraction Systems(TM).
Veridium's proprietary new Corn Oil Extraction Systems(TM) extract
high grade corn oil from an ethanol by-product called distillers dried
grain ("DDG").

One Kernel, Two Fuels

Currently, the majority of ethanol production is based on a dry
milling technique that utilizes more than 1 billion bushels of corn to
produce 3 billion gallons per year of ethanol. The dry mill process
converts the starch from the kernel of corn into sugar and then the
sugar into ethanol. The balance of the corn (non-starch components)
then goes through a dewatering and dehydration process where the
byproduct is sold as a commercial feed ingredient called DDG. DDG
contains the majority of the corn oil that was present in the kernel.
Today, the 1 billion bushels of corn currently used in the dry mill
ethanol process contain roughly 300 million gallons of corn oil that
is currently sold for about $0.03 per pound as commercial feed. The
new Veridium technology presents another option - cost effective
conversion of the oil in the ethanol by-product into biodiesel.
Veridium's technology has the capability of removing up to 75% of
the corn oil from within the DDG in two stages. The first stage
extracts 1.2 to 1.5 million gallons per year and corresponds to about
30% of the corn oil in the DDG for a 50 million gallon per year
facility. Each of Veridium's previously announced orders for its Corn
Oil Extraction Systems(TM) are for deployments of the first stage.
The second stage of the Veridium technology recovers another 30%
to 45% of the corn oil in the DDG, corresponding to another 1.2 to 2.2
million gallons of corn oil per year out of a 50 million gallon per
year ethanol facility. The Wisconsin facility has ordered both stages
and is expected to produce about 2.4 to 3.7 million gallons of corn
oil per year when both stages are deployed later this year.
David Winsness, chief executive officer of Veridium's industrial
design division, stated that "3 million gallons per year of high grade
corn oil converts to 3 million gallons per year of biodiesel. This
equates to a 6% increase in fuel production out of a 50 million gallon
per year ethanol facility, and a significant increase in plant
productivity out of the plant's existing infrastructure."
Veridium provides turn-key Corn Oil Extraction Systems(TM) for no
up-front cost in return for long-term corn oil purchase agreements
based on a fixed discount to prevailing market prices.

Increased Demand for Ethanol

Kevin Kreisler, chairman and chief executive officer of GreenShift
Corporation (OTC Bulletin Board: GSHF), Veridium's majority
shareholder, said that "the Veridium technology is very timely. We
expect that demand for ethanol is going to increase markedly in the
immediate future as the fuel additive MTBE is phased out and replaced
with ethanol. Our belief is that this is going to result in increased
demand for technologies that enhance ethanol production efficiencies
and Veridium holds the rights to a number of technologies that we
believe achieve this."
MTBE, or methyl tertiary butyl ether, is blended with gasoline to
enhance its oxygen content and it accounts for about 10 percent of the
volume of every gallon of gasoline with which it is blended. This is
equal to about 1.4 percent of the nationwide supply. Many gasoline
marketers are planning to eliminate their use of MTBE once the
oxygenate requirement lapses on May 5 due to the fact that the Energy
Policy Act of 2005 didn't protect MTBE producers from past or future
groundwater contamination lawsuits. Additionally, the new Renewable
Fuel Standard holds refiners to a baseline use of renewable fuels such
as ethanol of 4 billion gallons in 2006 and increasing to 7.5 billion
gallons by 2012. The Energy Department estimates that 130,000 barrels
per day of extra ethanol will be needed beginning May 5, an amount
equal to almost 50 percent of current output.
Winsness concluded: "According to the Renewable Fuels Association,
the ethanol industry has been planning for this transition for some
time and producers have taken the necessary steps to respond to the
increased demand. We are excited and grateful for the opportunity to
provide our ethanol clients with additional options to meet the
increased demand in cost-effective and rapid ways."

About Veridium's Corn Oil Extraction System(TM)

Veridium's Corn Oil Extraction System(TM) offers the following
compelling benefits for ethanol producers:

-- Low Operating Costs - the system requires less than $0.05 per
gallon of corn oil produced;

-- High Recovery Rates - the technology is capable of recovering
up to 75% of the corn oil within the DDG;

-- Increased Revenue - the corn oil extracted with Veridium's
technology is readily amenable to refining into biodiesel fuel
which creates a new revenue stream for participating ethanol
facilities;

-- Reduces Current Operating Costs and Emissions - Veridium's
technology improves the drying efficiency of the DDG which in
turn reduces overall plant operating costs and emissions; and,

-- Low Capital Cost - Veridium's oil extraction methods have a
capital cost of less than 15% of traditional corn oil
extraction methods.

Pictures and video of the new Veridium technology are available
online at www.meangreenbiofuels.com - this system is the first stage
of the technology and it is in use today recovering corn oil from
concentrated thin stillage.

About Veridium Corporation

Veridium Corporation (OTC Bulletin Board: VRDM) is a publicly
traded industrial waste recycling company and holds the rights to more
than a dozen proprietary universal processing, water purification,
emissions control and waste recycling technologies.
Veridium's business model is based on the engineering and
marketing of green innovations and processes that enhance
manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural
Solutions(TM) based on an array of green technologies and applied
engineering expertise that reduce waste at the source and make it
easier for people and businesses to recycle and reuse resources.
Veridium plans to focus on the continued acquisition, development and
marketing of benchmark green technologies and products that accomplish
the following key goals:

-- Reduce the volume of waste generated by residential and
commercial consumers;

-- Increase the convenience and decrease the cost of recycling by
residential and commercial consumers; and,

-- Increase the cost-efficiency of processing certain types of
industrial wastes.

Veridium is 70% owned by GreenShift Corporation (OTC Bulletin
Board: GSHF), a publicly traded business development company (BDC)
whose mission is to develop and support companies and technologies
that facilitate the efficient use of natural resources and catalyze
transformational environmental gains.

Safe Harbor Statement

This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of Veridium Corporation, and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important
factors currently known to management that could cause actual results
to differ materially from those in forward-statements include
fluctuation of operating results, the ability to compete successfully
and the ability to complete before-mentioned transactions. The company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.



KEYWORD: NORTH AMERICA NEW YORK UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS
SOURCE: Veridium Corporation


CONTACT INFORMATION:
Veridium Corporation
Investor Relations, 888-870-9197 - Extension 291
Fax: [phone]
[e-mail]
www.veridium.com
or
CEOcast, Inc. for Veridium
Ed Lewis, 212-732-4300