Kevin Kreisler Questions and Answers

***BREAKING NEWS***
The SkunK just received the following response:
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Mr. Skunk:
Responses to your questions are provided below.

1. Does GreenShift plan to attend the National Ethanol Conference in February?Yes, we are looking forward to meeting with several producers during the conference.
2. Have you had initial feedback from the Ethanol Industry on the new licensing model?
We recently executed the first of our planned new license agreements. We expect to meet and exceed our stated goals for 2010.

3. We are following the biodiesel blenders credit in Washington. Any thoughts?The creation of unnecessary adversity was certainly unfortunate for the biodiesel industry, however, the credit is widely expected to be reinstated retroactively to January 1, 2010, and feedstock prices have been unaffected. In addition, while the primary downstream use of extracted corn oil is in biodiesel, biojet fuel and renewable diesel fuel applications, there are other uses for corn oil that are largely immune to the credit.

4. Can you give us an idea how close to commercialization are some of the additional methods in the GreenShift technology portfolio?
We demonstrated our Method II process a few years ago and the next step there is the construction of a commercial-scale early-adopter pilot. Several ethanol producers have recently expressed interest in this regard. The other technologies in our portfolio are in need of capital for prototyping and pilot demonstration. We are collaborating with strategic partners in a few cases, but we are not going to commit any appreciable resources to any of these technologies until we have transitioned to consistent profitability, paid off or refinanced all of our convertible debt, built up a cash reserve, and increased shareholder value with our patented extraction technologies.

5. Has the Lakota Global Ethanol COES construction begun?
Yes. It is expected to begin production as planned this quarter.

Thank you for your interest.

Regards,
Kevin Kreisler
GreenShift Corporation

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The SkunK would like to thank Mr. Kreisler for his responses.

SkunK