Gold Hill Resources Inc. (fka GULD)

[righty]

GSAE Announces Mobilization of Wind Sensor Equipment to Belo Blato
Date : 04/09/2009 @ 9:00AM
Source : Business Wire

Green Star Alternative Energy, Inc. (Pink Sheets:GSAE) announces the transfer of one of its 60-meter NRG wind measurement systems to the Belo Blato project site. This will assist in refining the resource data required to optimize specific turbine placement. Favourable weather conditions now permit the construction crew to begin the pre-erection phase for the wind tower.


Green Star continues to advance through the corporate plan and progress towards increasing the portfolio of energy assets. Various locations throughout the Republic of Serbia are being closely examined for commercial viability. Upon processing this due diligence, the Company will be seeking the necessary land acquisitions to add to its wind energy potential.


Discussions with several wind turbine manufacturers have been productive and are ongoing. Different producers provide distinct engineering solutions to Green Star’s requirements; as such, the design process is both meticulous and vital. Financing packages have also been presented and are being considered in the decision making process.


Miodrag Andric, President of Notos, commented: “We have begun the year directed squarely at increasing our wind power capability, while continuing to develop Belo Blato. The analyses of our research are pending, but appear to be very promising.”

J. M. De Castro, CFO of Green Star Alternative Energy, stated: “Green Star is firmly on track to begin producing clean electricity in 2009. The Company is moving forward with its expansion plans for the region and will keep the shareholders apprised of the significant events upcoming, including our endeavor for increased exposure on a more notable stock exchange.”

About Green Star Alternative Energy (GSAE.PK)

Green Star Alternative Energy, Inc. is working to develop more than 300 megawatts of clean wind energy. To drive growth and revenue Green Star is focused on the development of wind energy, the export of electricity, the cultivation of agriculture on its wind farms, and the supply of greenhouse gas emission credits. The company is pursuing a significant opportunity to provide clean power to the growing Republic of Serbia and neighbouring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power.


FORWARD-LOOKING STATEMENTS

This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, estimates, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' 'estimates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the Company's plans, goals the estimates and assumptions, and the business strategy of the Company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions and the estimates regarding mineral reserves, success of mining plans, or other projections will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements.



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