Clean Global Energy Limited (ASX:CGV) Progresses Its China Joint Venture And Further Business Development

Sydney, April 6, 2010 AEST (ABN Newswire) - Clean Global Energy Limited (ASX:CGV) is pleased to update the market on its progress in China following a recent visit to that country by CGV's Managing Director, Mr. John Harkins, and China Business Manager, Ms. Julie Zhang.

CGV is pleased to advise the market that AuSino Energy Limited (AuSino) has been registered in Hong Kong. The appointment of directors and shareholders is currently being finalised by our lawyers, King & Wood.

AuSino has held further talks with interested parties to provide relevant Corporate Advisory and Lead Broking services. These discussions have provided AuSino with a number of options to consider prior to making final appointments and firm capital raising plans.

The team later flew to the City of Xilinhot in Inner Mongolia to undertake site visits and meet local officials. Mr John Harkins, was greeted with a traditional Inner Mongolian welcome ceremony upon arrival at the Airport.

Whilst there meetings took place with local government representatives and other stakeholders to progress AuSino Energy's UCG plans in that region. Whilst this progress has been slower than anticipated our meetings and plans have been well received. The area is rich in coal assets and the local authorities and stakeholders exhibited a keen desire to realise the energy trapped in those assets in the full knowledge that much of those coal resources are stranded and eminently suitable for CGV's UCG process.

CGV has progressed the site selection process by visiting a number of potential sites in Inner Mongolia. These sites are located approximately 85km's from Xilinhot, a major regional city. Xilinhot is approximately 670km's from Beijing and has of itself a population of some 350,000 and a regional population of over 15 million people.

CGV is also pleased to announce that it has appointed international engineering and consulting firm SRK Consultants. SRK have been engaged to undertake a range of geological and other related services for our China JV's through their Beijing office.

The Board of CGV looks forward to a long and productive business relationship in China.

Contact

John Harkins Chairman and Managing Director Clean Global Energy Limited Tel: +61-2-9230-0318 www.cleanglobalenergy.com.au