August 02, 2010 09:00 ET

Global Earth Energy Enters Into Multi-Year, Multi-Million Dollar Contract With Aqua Solar Limited

Valued to Increase Sales by Over $5 Million in the Next 12 Months

WILMINGTON, NC--(Marketwire - August 2, 2010) -  Global Earth Energy, Inc. (OTCBB: GLER) announced today that its wholly owned subsidiary RCI Solar, Inc., a leading North American provider of renewable energy solutions for the residential, commercial and industrial markets, has signed an affiliate marketing agreement with Aqua Solar Limited, a premier provider of solar thermal and solar photo voltaic (PV) solutions based in Woodstock, Ontario, Canada.

Together, the companies are positioned to serve new demand under the government-funded renewable energy programs, Ontario MicroFit and FIT. These programs are designed to accelerate the adoption of renewable energy on a local level across the province of Ontario. Owners of these projects will be paid a fixed price for the electricity they produce. RCI / Aqua Solar projects eligible for these programs will receive a long-term contract for the payment of electricity produced from the renewable energy project and a fixed price for the full term of the contract. As of July 1, 2010, Aqua Solar has agreed to purchase no less than $1,000,000 in product orders from RCI Solar over the next 12-months.

"This multi-million dollar provincial project can provide guaranteed income for over 20 years for all eligible participants," said Syd Harland, CEO of Global Earth Energy. "RCI Solar, through its affiliation with Aqua Solar, is now strategically positioned to capitalize on this major push to bring green energy to our local communities. RCI estimates that sales will exceed over $5 million in its first year of operations with revenue increases of 10% to 15% in the second year and the subsequent years."

"We are pleased and excited to partner with a first-class organization such as Aqua Solar," commented Jeff Hoogveld, Operations Manager of RCI Solar. "This partnership provides considerable expansion of our product line along with our distribution network, while providing end users with local support, service and maintenance requirements."

The two companies will collaborate and combine their respective technologies and services to meet growing market demand for eco-friendly, sustainable electric power solutions in Canada. Aqua Solar will market end-to-end sustainable energy solutions to consumers through its established distribution network of affiliates in Southern Ontario and associations within the local communities.

The "microFIT" and "FIT" Program is a part of the Ontario Power Authority's (OPA) Feed-in Tariff (FIT) Program, funded by the Ontario Power Authority, a division of the Ontario Provincial Government. The Program is designed to encourage the development of micro- and full-scale renewable energy projects in Ontario, Canada. For more information, visit http://fit.powerauthority.on.ca/.

About Global Earth Energy, Inc.
Through its subsidiary RCI Solar, Inc., Global Earth Energy, Inc. provides renewable energy products and services to residential and commercial markets in North America. The Company sells complete turnkey renewable energy solutions based on three core products: Solar Domestic Hot Water, Solar Photo Voltaic (PV) Panels and AQUA III Heating & Cooling System. Along with these products, RCI Solar supplies a wide variety of fan convectors, solar storage tanks, controls, inverters, and ancillaries from its headquarters in Vancouver, British Columbia, Canada.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain 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," "anticipates" 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. Certain risks are detailed in the Company's Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov. 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.