C-Lock Technology, Inc. Selected by Eastern European Group to Develop a GHG Management Information System and Carbon Measurement Business

C-Lock Technology Inc., a subsidiary of Evergreen Energy Inc. (NYSE Arca: EEE) and Crowley-Shindler Management LLC, a unit of The Crowley Group, have signed an agreement for the Eastern European deployment of C-Lock’s™ globally-patented GreenCert™ software, which measures greenhouse gas (GHG) and is built on IBM Websphere portal-based software.

The contract calls for 14 energy plant pilot projects to include two full-scale C-Lock deployments with a minimum payment to C-Lock of $12.5 million.

The Crowley Group has developed Eastern European technology businesses since 1990, with a focus on technology-based infrastructure. During the past 25 years, it has executed $4.5 billion in projects and in the past 23 years, it has owned and operated more than 30 wireless telecommunications technology and infrastructure businesses in the U.S., Europe and Latin America. In addition to being one of the world’s leading wireless technology companies, The Crowley Group, under the auspices of Crowley Infrastructure Development Group (CDG), is a partner and developer in the field of revitalization of urban areas and transport infrastructure.

"We are extremely enthusiastic about the prospects for the successful deployment of the C-Lock/IBM state-of-the-art carbon management technology in Poland and throughout Europe,” said George Crowley, chairman and CEO of The Crowley Group, which is based in Maryland. "We believe that our 18 years in the Polish market as developers of technology businesses uniquely positions us to deploy this system on an accelerated and cost-efficient basis.”

"The Crowley Group’s deep experience and successful track record in deploying technology-driven infrastructure in Eastern Europe will significantly advance our mission to make GreenCert the global benchmark for accurate and precise GHG measurement,” said Vince Cook, chairman and CEO of C-Lock. "Their experience – not only in telecommunications, but in urban, airport and rail infrastructure – opens many possibilities for GreenCert’s deployment across multiple business and government sectors.”

The Crowley Group will initially target the power generation and agriculture sectors in Poland before expanding to the rest of Eastern Europe. It is already in advanced negotiations for pilot GreenCert projects at a major Polish power plant and with a major Polish landowner. In early December, C-Lock announced the general availability status of GreenCert software products for the power generation and agriculture sectors, two of the largest sources of greenhouse gas.

The power generation sector holds tremendous market potential for the synergies of C-Lock and Crowley-Shindler. This is particularly true in Poland, where the energy sector contributes to 72 percent of Poland’s GHG emissions because 95 percent of its electric generation is coal-based.

According to Point Carbon, the global carbon market grew 80 percent year-on-year to €40 billion by the end of 2007, with 60 percent of the trading due to the European Union Emissions Trading Scheme (EU ETS). According to New Carbon Finance, the average price of carbon on the world’s carbon markets is expected to increase to $49 a ton during the next 12 years, with the EU expected to have the largest increase.

Made available initially for the power generation and agriculture sectors, future GreenCert software modules are expected to be available for the transportation, financial and renewable energy sectors along with other public and private institutions such as accounting firms, carbon credit registries, research laboratories and government agencies with stakes in accurate greenhouse gas measurement.

In developing GreenCert, C-Lock teamed with IBM and Enterprise Information Management, Inc. (EIM), an IBM Premier Business partner. Jim Bitonti, president of C-Lock, praised the leverage of the C-Lock/IBM/EIM collaboration, noting, "IBM Corporate has dedicated significant technical, sales and marketing resources to further the success of GreenCert, making it ideally suited to solving the massive carbon information management systems challenge globally.”

About C-Lock Technology Inc.

C-Lock Technology Inc., a subsidiary of Evergreen Energy Inc. (NYSE Arca: EEE), is developing GreenCert™, a web-based carbon information management tool for agriculture and industry, including the energy industry. GreenCert is a combined solution set that integrates IBM software products and tools with customized C-Lock Technology Inc. software processes for the complex task of precise and accurate GHG emissions measurement. The IBM framework platform is based on a service-oriented architecture (SOA) that merges a comprehensive software set that includes real-time communications through an Enterprise Service Bus, data collection, extensive correlation processes and the integration of large-scale models. The architecture meets current GHG processing demands and is scalable for worldwide and large enterprise applications. On the Web at www.c-locktech.com.

Statements in this news release that relate to future plans or projected results of Evergreen Energy Inc. and C-Lock Technology Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this news release is encouraged to study. Readers of this news release are cautioned not to put undue reliance on forward-looking statements.