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Tuesday, 04/21/2009 9:12:49 AM

Tuesday, April 21, 2009 9:12:49 AM

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Awesome News..GSAE Signs agreement with City of Belgrade:

SAN DIEGO, CA--(MARKET WIRE)--Apr 21, 2009 -- Green Star Alternative Energy, Inc. (Other OTC:GSAE.PK - News) (http://www.greenstarae.com) is pleased to announce the signing of an agreement between the Green Star/Notos JV and the Territory of Belgrade. The arrangement places Green Star in the forefront of Belgrade's plan to develop alternative energy sources. The first phase will include the positioning of Green Star's sophisticated meteorological sensors at strategic locations throughout the municipality. The collection of air flow data will provide the necessary information for the engineering of the wind turbines that will ultimately occupy these sites.
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Chart for GREEN STAR ALTERNATI
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Belgrade, the White City, has a population of approximately two million people and is the capital of the Republic of Serbia. It is situated at the confluence of the Danube and Sava rivers and is the commercial, industrial, political, and cultural center of Serbia. The Director of the Energy Department - City of Belgrade, Marko Stojanovic stated: "We are pleased to partner with Notos in changing the way that Belgrade citizens think about energy. Also, we want to be the 'leader' in energy efficiency and as the capital city, we should be an example to all in Serbia. We will be helping Notos in obtaining all necessary licenses and make the procedure much easier."

Miodrag Andric, President of Notos, commented: "I am pleased with our discussions with Belgrade officials and look forward to the realization of alternative energy in the municipality. We have agreed that we must act swiftly to show the citizens of Belgrade what can be achieved. Notos is privileged to be the chosen company for such important projects."

J. M. De Castro, CFO of Green Star Alternative Energy, stated: "We have been formally recognized as the Company to bring wind power to the region. This cooperation with the public sector furthers the paradigm of changing the way electricity is produced. Our shareholders will be pleased to note that appreciation for Green Star is rapidly increasing."

GSAE would like to inform the public that J.M. De Castro, CEO, will be available for a live interview at http://www.investmentnation.com on Wednesday, April 29th, 2009 at 6 pm EDT to discuss the company's plans moving forward. Investors who wish to attend the interview are encouraged to view the GSAE message board, within the Investment Nation Website, by visiting the following link http://www.investmentnation.com/viewboard.php?id=357&sb=Y&sc=Y

Investors are also encouraged to post questions that they may have, to the GSAE Investment Nation message board, for addition into the interview format prior to the scheduled interview. You will also be given the opportunity to ask questions after the bulk of the pre-submitted questions have been addressed.

About Investment Nation

Investment Nation was built to provide a forum for new and experienced investors to gather and share market information in a clean and professional environment. The site is designed to be user-friendly and simple, allowing investors to get the market information they need quickly and easily.

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. For further information contact: 866-955-GSAE (4723); info@greenstarae.com

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