October 7, 2008

GreenHunter Energy CEO to Present at William Blair & Co Small-Cap Growth Stock Conference

The Chairman, President, and CEO of GreenHunter Energy, Inc. (AMEX: GRH), Gary C. Evans, will present at 10:00 AM Eastern time today at the William Blair Small-Cap Growth Stock Conference, held at the Waldorf Astoria Hotel located in New York City. An audio and visual webcast of today's presentation, both live and replay, will be available at: http://www.wsw.com/webcast/blair14/grh/.

Today's presentation will serve to update the investing community on recent overall developments in GreenHunter Energy's renewable power and fuels businesses, its recovery operations at the nation's largest biodiesel refinery in the wake of Hurricane Ike, and its recent announcement about the Company's achievements in its wind energy development business in the ERCOT market. This will be the first presentation to an investment banking conference by GreenHunter Energy Chairman, President, and CEO Gary C. Evans since late June of this year.

Forward-Looking Statements

Any statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words "believes", "anticipates", "plans", "expects", "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to update these forward-looking statements in the future.

GreenHunter Energy is focused on the renewable energy sectors of wind, hydro, geothermal, solar, biofuels, and biomass power plants. Our assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico, California, Texas, wind development projects in Wyoming and China that we believe will be acquired in the future, the nation's largest biodiesel refinery located in Houston, Texas, and a biomass-fired power plants located in Brawley, California and Telogia, Florida. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company based in the U.S. that provides to investors a portfolio of diversified assets in the alternative energy sector. Additional information about GreenHunter Energy may be found at www.greenhunterenergy.com.