Gibson Energy Inc T.GEI

*news* - priv. placement

[GOODVIBE]

Green Environmental Technologies Inc. Announces Proposed Private Placement Monday December 13, 1:38 pm ET TORONTO, ONTARIO--(CCNMatthews - Dec. 13, 2004) - Green Environmental Technologies Inc. (TSX VENTURE:GEI - News; Tier 2-TSXV; "Green Environmental" or the "Company") wishes to announce that it has entered into a proposed Private Placement Agreement to receive up to $100,000 in new funds for the Company. The private placees will subscribe for 1,000,000 Units of GEI. Each Unit of GEI consists of one (1) common share of the Company and one (1) share purchase warrant. The price of each common share will be $0.10; these shares will be subject to a statutory hold period. The share purchase warrants entitle the holder to acquire one (1) additional common share of GEI at a price of $0.12 for a period of two (2) years following the closing of the transaction. White Knight Capital Corp. will receive a 10% "Finders Fee" upon closing of the proposed transaction. ADVERTISEMENT Green Environmental intends to use the proceeds from the private placements to fund working capital requirements in support of the Company's two (2) wholly owned subsidiaries: Arbor-Tech Inc, located in Belleville, ON and Enpar Corrosion Control Inc. with offices in Guelph and Ottawa, ON and Montreal, QC. -------------------------------------------------------------------------------- Contact: Green Environmental Technologies Inc. Mr. Mark Appleby Chairman, President & Chief Executive Officer Phone: [phone] Fax: [phone] The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. -------------------------------------------------------------------------------- Source: Green Environmental Technologies Inc.