FOR IMMEDIATE RELEASE
Toronto, Canada
February 16, 2005

GHGx Announces New Credit Agreements

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Toronto, Canada – GHGx© Corporation (Greenhouse Gas Exchange) has marked the day that the Kyoto Protocol becomes Canadian and international law, that it is in the final stages of securing approximately 7.3 Mega Tonnes of GHG credits to trade on GHGx. In addition, it is in preliminary discussions for an additional 21 Mega Tonnes of credits.

Dan Goldberger, Managing Director of the Toronto-based company, stated “we have received tremendous response since we launched the GHGx emissions trading solution on December 21 2004. Buyers and sellers of credits are looking for transparent pricing, low transaction costs and quick trading response. Those that have seen GHGx say it delivers. They have “voted with their credits” by registering their credits on our exchange. In addition, significant buyers have also registered to purchase credits. We are very pleased with this activity, but not complacent.”

M. Stanley Mullins, Chief Financial Officer stated, “the dedication and focus that the GHGx team has shown to implement the business plan, and meet objectives, has been outstanding. GHGx is tracking to meet, and probably exceed, performance expectations.”

By creating a fast, efficient, transparent, and low-cost market for trading emission credits, GHGx is playing an important role in the development of lower emission energy and industrial process alternatives in Canada and around the world.


About GHGx Corporation
GHGx Corporation (Greenhouse Gas Exchange) is the world’s first global, real-time, open standards-based, greenhouse gas emission credit trading system. GHGx provides secure data transmission with any locally developed national emissions registries and has developed a Kyoto-specific, standards-based registry for countries seeking Kyoto-mandated implementations.

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GHGx Corporation