Update on Global Clean Energy, Inc.'s PGM Acquisition

The company has executed a binding financial term sheet for the capital funding required to proceed with the acquisition. The capital will be used by GCE to acquire the target company and fund their rapid growth in the sector. GCE is in final due diligence and expects the transaction to be completed within 60 days.

Mar 19, 2015

OTC Disclosure & News Service

Humble, TX -

HOUSTON, TX, March 19, 2015; Global Clean Energy, Inc. (OTC PINK: GCEI) is moving ahead with its acquisition in the PGM industry.



The company has executed a binding financial term sheet for the capital funding required to proceed with the acquisition. The capital will be used by GCE to acquire the target company and fund their rapid growth in the sector. GCE is in final due diligence and expects the transaction to be completed within 60 days.



It is estimated that 15-20% of the world's PGM is recovered from spent auto-catalysts and that this represents three-quarters of the total secondary PGM supply. In the North American market, where the use of catalytic converters has been mandated for more than 30 years, recovered metal now accounts for more than half of the platinum required for the manufacture of new catalytic converters. Supply concerns due to the South African platinum miners' strike and fears of sanctions against Russia, the world's largest producer of the metals are driving the demand for recovered PGM on a global scale. GCE plans to expand operations within North and South America.



"GCE's acquisition demonstrates the company's confidence in the sector and its strategy to become one of the fastest growing firms in the industry. The company will introduce new programs into a very lucrative, yet fragmented industry, ripe for consolidation," says Brian Levine, GCE's COO.



The company is in the final stages of the resolution of AMF requirements to resume trading in Canada. GCE has engaged Canadian Auditors to complete IFRS filings and is comfortable that this will be resolved early Q2 2015.



Statements in this release may be regarded, in certain instances, as "forward-looking statements" pursuant to certain sections of the Securities Act 1933 and the Securities Exchange Act 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties, which could cause actual results or events to differ materially from those currently anticipated, including, but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting Global Clean Energy, Inc. and its business. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein. Global Clean Energy Inc. will not republish revised forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.



GLOBAL CLEAN ENERGY, INC.

Investor Relations

713-852-7474

www.globalcleanenergy.net




Copyright © 2015 OTC Markets. All Rights Reserved



The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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