Frank Pringle, 65, said he was retiring effective immediately from day-to-day activity but will remain on as a technology consultant and as chairman of the board until the expiration of his term.

The Board has successfully found a replacement Chief Executive Officer with the management and financial expertise to lead the company and is in the final stage of an employment agreement.

Global Resource's board also has been expanded to seven members, with the addition of two new directors, Peter Worthington and Paul Sweeney, who "have the expertise and contacts to help execute a global business strategy in the oil, gas and municipal waste industries."

Jeffrey T. Kimberly, an expert in machine design and fabrication who has been instrumental in design of the company's prototype, was promoted to president, from chief operating officer (COO). As the former president of Ingersoll Production Systems, Rockford, IL, an internationally recognized machine tool company, Kimberly managed a $40 million a year production machinery company. His experience includes mechanical engineering, sales and marketing and project management.

Wayne Koehl, who was executive vice president of business development and finance, has been promoted to COO. The company said that Koehl, a financing and leasing expert, will be instrumental in the planning and financial execution of Global Resource's machinery rollout.

New director Peter Worthington, an international petroleum expert, is a former vice president of global business development for BHP Billiton Petroleum. He has led $1.2 billion in world scale energy projects and is currently the CEO of a publicly traded upstream petroleum company.

New board member Paul Sweeney, who in 2006 was named Investment Manager of the Year by the Bank of Ireland, which has more than 45 billion euros under management, is now an independent financial advisor with more than 18 years of experience in the financial sector. He is a director of a publicly traded petroleum company as well as a director and owner of two private mining exploration companies.

Status of the prototype:

The company said the new management changes come at a key moment in its history, with the near-term completion of a new prototype based on a superior design to improve productivity. "The prototype will be ready for successful testing in September, using oil field drill cuttings and used tires," according to Kimberly.

"Based on the results of these tests, we will be able to establish a date to make the prototype machine available for demonstrations that will launch our marketing program," he added.

Reducing Outstanding Shares

Frank Pringle, at the request of the board of directors, has fully converted his preferred convertible shares, which held 2 to 1 voting rights, to 16 million shares of common stock. Subsequently, management and the board of directors elected to purchase 6.6 million shares of common stock from Mr. Pringle. This action realigns the voting power of the company more favorably towards the shareholders and the management team. Pringle is in the process of establishing a 10b51 plan, which will predetermine his future stock sales. The company noted that this transaction effectively reduces the number of shares outstanding, benefiting the company's public shareholders.

The company said full details are available in the company's latest 8K filing.

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: 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.