Warwick Places Purchase Order for Five-Ton an Hour Microwave System to Process Canadian Oil Shale WEST BERLIN, N.J., Jan. 10 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC:GBRC), a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has signed a contract with Warwick Communications, (WARK: CNG), Calgary, Alberta, Canada, for an exclusive twenty-year license to use the company's revolutionary microwave machinery to recover energy from oil, gas, mining and waste resources in Canada. According to the terms of the agreement, Warwick immediately placed a purchase order for a five-ton an hour microwave system to process Canadian oil shale. The system is to be delivered by the end of September. The contract, which was approved by the Boards of both companies, calls for Warwick to give Global Resource Corp., in exchange for the license, two million shares of its stock plus warrants to purchase additional shares. Also, Warwick has promised to purchase a minimum of one microwave machine each year for the next five years. This will total $25 million or $5 million a year. Oil shale is a material containing hydrocarbons that can be mined. When the hydrocarbons are exposed to a specific frequency (Patent Pending #11/610,823, #PCT/US2006/048015 and #60/943,991), the hydrocarbons turn to gases that are released and can then be collected through a heat exchanger and converted to the following materials: 26% gasoline, 30% diesel and kerosene, 44% lube and fuel oil, and methane gases. The spent materials are then removed from the machine as an inert carbon ash material that is considered non-hazardous. In laboratory experiments at GRC, various oil shale samples from the western part of the U.S. have been fractionalized at 33% fractionalization compared to samples received from Eesti Energia AS (Estonia oil shale) that we can fractionalize at around 52% and convert into the aforementioned materials. According to The U.S. Department of Energy, Office of Petroleum Reserves, Office of Naval Petroleum and Oil Shale Reserves in Washington, D.C., the oil shale deposits located in the western United States could supply the current U.S. requirements of 21 million barrels per day for the next 400 years. The cost to process 1 ton of oil shale is estimated to be less then $30.00 USD based on GRC's lab experiments. Chairman Frank Pringle of Global Resource Corp. said, "With this five-ton an hour oil shale continuous microwave processing plant, we will demonstrate to the world that we can economically convert oil shale into fractionalized usable products. This is a major breakthrough for the western world that, in time, can lead to U.S. independence from Middle Eastern oil cartels. It may take several years for this independence, but by demonstrating that GRC can produce fractionalized products with little or no refining is the first major step in this direction." Warwick CEO, President and CFO Jeremy White said, "We are extremely lucky to get our order in first because our expected sales from demonstrating this five-ton per hour unit will exceed Global Resource's production quotas for microwave tubes over the next 12 months." "We are pleased to be a partner with Global Resource Corp.," he added, "in this timely launch of its five-ton an hour oil shale processing system, a small scale hydrocarbon extraction technology that is greatly needed for the oil shale, heavy oil and oil sands and coal of Canada." "Canada has more than 14 billion barrels of recoverable shale oil together with some of largest reserves in the world of heavy oil and oil sands and coal," he said. "With this unit we will be able to demonstrate to the Canadian market the practicality of this technology. Several companies have expressed a desire to witness their material running in this unit. With the five-ton oil shale processor, we will have the ability to run large quantities of their product on a continuous basis. Our sales dollars should reflect this capability immediately," White concluded. The contract also specifies that Warwick has a first right of refusal to negotiate for Brazil, Morocco, Panama, Trinidad & Tobago and China. In addition, the agreement grants Warwick exclusive first right to purchase an exclusive Canadian license rights to any new technologies Global Resource Corp. develops. A member of the Global Resource Corp., board of directors will join Warwick's board. About Global Resource Corp. Global Resource Corp., (OTC:GBRC), is a developer of a patent-pending microwave technology and machinery that extracts oil and petroleum products from shale deposits, tar sands, capped oil wells, bituminous coal and processed materials such as tires and plastics as well as dredged soil from harbors and river bottoms. Its process produces significantly greater yields and lower costs than are available using existing technologies. Because the process takes place in an enclosed environment it is emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: http://www.globalresourcecorp.com/ Forward-Looking Statements This news release contains forward-looking statements regarding Global Resource Corp.'s business strategies and future plans of operations. Forward- looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource's expectations or future events. PR/Media Relations Contact: Richard Stern Stern & Co. Tel: 212-888-0044 Jeff Andrews CFO Global Resource Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ 08091 Main: 856-767-5661 Investors, Arun Chakraborty, Stern & Co. 212 888 0044 DATASOURCE: Global Resource Corp. CONTACT: Media, Richard Stern of Stern & Co., +1-212-888-0044, ; Jeff Andrews, CFO of Global Resource Corporation, +1-856-767-5661, ; Investors, Arun Chakraborty of Stern & Co., +1-212-888-0044, Web site: http://www.globalresourcecorp.com/

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