GTSO President to Coordinate Company’s First Mongolian Rare Earths Shipment

GTSO Plans to Send 40-ft. Container of Rare Earth Ore to South Korea

SAN JOSE, Calif.--()--During his trip to Mongolia next month, Green Technology Solutions Inc. (OTCQB:GTSO) President and CEO John Shearer will coordinate the company’s first export shipment of rare earth ore to South Korea.

GTSO formed a joint venture with Rare Earth Exporters of Mongolia (REE) in February to explore and develop new sources of rare earth elements inside the Central Asian nation. The joint venture’s Mongolian agents have worked to acquire mining rights to four mineral-rich sites in the former Soviet state with plans to export rare elements to buyers in South Korea, Japan and the U.S. Last week, GTSO signed a letter of intent to make REE a wholly owned subsidiary, positioning itself to become the sole owner of the potentially lucrative Mongolian mining rights.

Shearer announced last Tuesday that the company engaged a South Korean business consultant to assist in arranging shipments of Mongolian rare earth ores to Seoul. The company’s top executive will travel to Mongolia’s capital, Ulan Bator, in May and coordinate the initial shipment.

“We are planning to send a 40-ft. shipping container full of rare earth ore mined from the Mongolian properties that we’re working to develop,” Shearer said. “I’ll work with the logistics staff in our Mongolian transportation office to send the ore by rail to Vladivostok, Russia, to be shipped to Seoul. There, the ore will be taken to government labs to be analyzed for its rare earths content and density.”

For more information on the company’s transportation plans, please visit http://www.rareearthexporters.com.

GTSO is planning the shipment as the first step in gaining approval to sell rare elements to South Korean buyers. Rare earths are critical to the manufacture of smartphones, automobiles and consumer electronics in addition to green energy technology. GTSO has already received inquiries from manufacturers worldwide, including buyers from conglomerates such as 3M and others.

“Demand for rare earths is at an all-time high and climbing,” Shearer said. “We are working diligently to begin mining operations in Mongolia as quickly as possible. Our company expects to make this first shipment to South Korea in June.”

Exploding prices for rare earths are being driven by new policies enacted by the world’s dominant producer, China, aimed at reining in production. Though possessed of only 30 percent of the world’s rare earth deposits, the Communist superpower accounts for more than 95 percent of global supplies. With China restricting new mining licenses, cutting rare earth quotas and imposing heavier taxes, rare earth explorers outside of its borders such as GTSO are poised to capitalize on worldwide fears of potential shortages.

Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Rare Element Resources Ltd. (AMEX:REE), MV Rare Earth/Strategic Metals (NYSEArca:REMX), Qiao Xing Universal Resources (NasdaqGS:XING) and Danaher Corp. (NYSE:DHR).

About Green Technology Solutions, Inc.

Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.

For more information, please visit http://www.GreenTech-Solutions.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts

Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President and CEO

Release Summary

During his trip to Mongolia next month, Green Technologies Solutions Inc. (OTCQB: GTSO) President and CEO John Shearer will coordinate the company’s first export shipment of rare earth ore to Korea.

Contacts

Green Technology Solutions, Inc.
John Shearer, 408-432-7285
President and CEO