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Veridium Corporation VRDM) today announced its receipt of an order from an Iowa based ethanol producer
for the use of Veridium's patent-pending Corn Oil Extraction
System(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"). The new system is scheduled for installation later this
year at the Iowa ethanol production facility, where it is expected to
extract corn oil at a rate of about 1.2 to 1.5 million gallons per
year.
Veridium's pricing model for its Corn Oil Extraction Systems(TM)
is not based on licensing or outright equipment sales, but rather on
the provision of its turn-key systems for no up-front cost in return
for long-term corn oil purchase agreements based on a fixed discount
to prevailing market prices. Veridium will purchase and sell the
extracted corn oil and generate an estimated $1.4 million to $1.8
million in annualized revenues from this one system once it has been
installed.
The new order brings Veridium's expected total annualized ethanol
oil recovery sales to between $8.4 million and $10.8 million per year.
David Winsness, chief executive officer of Veridium's industrial
design division, stated that "ethanol is a basic commodity and we need
more of it. While the industry builds out increased production
infrastructure with new facilities, our patent-pending Corn Oil
Extraction Systems(TM) and other proprietary technologies have been
specifically engineered to help ethanol producers enhance production
out of their existing plants in cost-effective and rapid ways. We are
grateful and excited to have the opportunity to provide our ethanol
clients with innovative and cost-effective options as they meet the
increased demand for this valuable commodity."

About Veridium's Corn Oil Extraction System(TM)

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 (Fuel #1). 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
distillers dried grain ("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 into Biodiesel (Fuel #2).
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 in use today and
efficiently recovers 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 about 70% owned by GreenShift Corporation (OTC
Bulletin Board: GSHF), a publicly traded company 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: TECHNOLOGY NATURAL RESOURCES ENVIRONMENT
SOURCE: Veridium Corporation


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