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Gushan Environmental Energy Limited Announces Date of Third Quarter 2008 Earnings Release and Conference Call With Investors

November 5, 2008

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ — Gushan Environmental Energy Limited (“Gushan” or the “Company”; NYSE: GU) announces that it will submit its unaudited third quarter 2008 financial results on Form 6-K to the U.S. Securities and Exchange Commission on Wednesday, November 12, 2008, to be followed by a conference call on the same day at 8:30 a.m. Eastern Standard Time (or 9:30 p.m. Hong Kong Time) to discuss financial results for its third quarter ended September 30, 2008.

   To join the conference call, please use the dial-in details below:     US Toll Free Number                               1.800.299.6183   US Toll Number: (for international callers)       1.617.801.9713   Hong Kong Toll Number                             852.3002.1672   Hong Kong Toll Free Number                        800.96.3844   China Toll Free Number                            10.800.130.0399   UK Toll Free Number                               00.800.280.02002   UK Toll Number (for international callers)        44.207.365.8426   Passcode:                                         98458091    An audio webcast will also be available at http://www.chinagushan.com/   

A replay of the call will be available on the same day at 10:30 a.m. Eastern Standard Time (or 11:30 p.m. Hong Kong Time) until November 19, 2008. To listen to the replay, please use the dial in details below:

   US Toll Free Number:                              1.888.286.8010   US Toll Number: (for international callers)       1.617.801.6888   Passcode:                                         95149533    About Gushan Environmental Energy Limited  

Gushan Environmental Energy is China’s largest producer of biodiesel, as measured by annual production capacity. The company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells biodiesel directly to users, such as marine vessel operators, as well as to petroleum wholesalers and individual retail gas stations. The company currently operates five production facilities in the Sichuan, Hebei, Fujian provinces and Beijing and Shanghai with a combined annual production capacity of 290,000 tons. The company targets to increase its annual production capacity to 400,000 tons by the end of 2008 with the expansion or addition of new production facilities in Beijing, Shanghai, Hunan and Chongqing.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “will,”"may,”"expect,”"anticipate,”"aim,”"target,”"intend,”"plan,”"believe,”"estimate,”"potential,”"continue,” and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our production capacities, our future business development, and our beliefs regarding our production output. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Important risks and uncertainties that could cause the Company’s actual results to be materially different from expectations include but are not limited to the effect of any applicable government policy, law or regulation, of natural disasters, and of intensifying competition in the biodiesel and alternative energy industries, the availability of suitable raw materials to the Company, and the risks set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including on Form F-1, as amended. The Company undertakes no obligation to update forward-looking statements, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

Gushan Environmental Energy Limited

CONTACT: US, Elizabeth Cheek of Hill & Knowlton (New York),+1-212-885-0682, Elizabeth.cheek@hillandknowlton.com; or Asia, Hoi-ni Kong ofHill & Knowlton (Hong Kong), +852-2894-6323,Hoini.kong@hillandknowlton.com.hk, both for Gushan Environmental Energy

Web Site: http://www.chinagushan.com/