Gold Hill Resources Inc. (fka GULD)

[Rhubarb]

Readers digest condensed version.

Source GSAE Strategic Plan
http://www.greenstarae.com/images/stories/pdf/gsae-strategic_plan.pdf

Green Star Alternative Energy (GSAE) has spent a great deal of time and
effort studying worldwide wind energy use and production. Our analyses
have convinced us that this is the time to encourage greater development
of wind power in the United States, China, and Europe. More specifically,
our analyses suggest that the Republic of Serbia, with its extensive wind
resources and greatly under-utilized workforce, is an excellent launch for
GSAE’s wind farm development strategy.

Serbia is referred to as the cross-roads of Europe. The international roads and
railways passing down its river valleys make up the shortest link between
Western and Central Europe, on the one side, and the Middle East, Asia
and Africa, on the other.

Energy Law was adopted by the National Assembly of Serbia on July 22, 2004 and
entered into force on August 1, 2004.

Policies to promote renewables have mushroomed in recent years. At
least 66 countries – 43 developed and 23 developing countries – have some
type of policy to promote renewable power generation. This is the case in
the United States, with its federal Renewable Portfolio Standard which
requires that 10% of electricity is to come from renewables by 2012 – and
25% by 2025. At an international level, the European Union has led the
way by introducing a legally binding target for 20% of the region’s energy
to come from renewable sources by 2020. These twin encouragements
have generated a surge of interest in renewable energy.

There is currently only one producer and distributor of electrical power in
the Republic of Serbia – EPS, Elektroprivreda Srbije.

Another key element in entering the Serbian energy market is supply vs.
demand. Since the year 2000, no substantial new electrical capacity has
been introduced by EPS.

There are several factors that have helped shape Green Star’s focus on the
Republic of Serbia. The most important being the political will to institute
significant change into a dated framework. Until 2004, power generation
for sale had been permitted only by the nationalized body of EPS. On
August 1, 2004 Serbian Energy Law was established – providing the
important principles of open access to all energy systems and energy
supply networks, the liberalization of the energy market, and priority for
renewable energy sources.

Green Star’s ‘renewable energy producer’ status allows for the
sale of its electrical energy directly to EPS, through the government
mandated purchase program.

There are currently no wind power projects producing energy in Serbia.
(Republic of Serbia – Ministry of Mining and Energy, “Renewable Energy
Sources”, May 2008). This fact provides the Company with a real and
substantial advantage – Green Star will be the first wind energy producer
in Serbia, and the Company will help shape the industry on a national
level. Green Star will be the first to begin utilizing the 2000+ MW of wind
resources available.
(At present, Green Star is not aware of any other companies that have
received the necessary permission and licensing to begin the process for
the construction of wind energy facilities.)

Green Star Alternative Energy Inc. plans to develop wind energy
facilities in Vojvodina AP. The Belo Blato Project will reach a capacity
of 20 MW. The 89 hectare property is located within the municipality of
Zrenjanin. Additional land acquisitions have been targeted and
purchases are being negotiated. These regional developments will
yield a capacity of 280 MW.

Belo Blato
The Belo Blato Wind Energy Project will be a milestone for the Republic of
Serbia. It will be the first wind farm development in the region and will
progress the national initiative for increased energy creation from
renewable resources.

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Latter i will try to demonstrate what progress has been made.