GTSO Impressed by Preliminary Due Diligence on Chilean Recycler

  GTSO Impressed by Preliminary Due Diligence on Chilean Recycler

Business Wire

SAN JOSE, Calif. -- January 31, 2013

As Green Technology Solutions, Inc. (OTCBB: GTSO) conducts preliminary due
diligence with a recycler of e-waste in Chile, the Company has been highly
impressed by the scale of the sustainable and urban mining development in
Latin American, said CEO Paul Watson on Wednesday.

“There are very few dominant players in Latin American e-waste recovery,” he
said. “It’s immediately clear to us that emerging companies such as our
current target have the resources and expertise to rise to the very top of
this emerging industry. Government incentives have positioned countries such
as Chile to become a world leader in urban mining and electronics recycling.”

CCI Capital, GTSO’s regional consultant in Chile, is currently providing
translation support and other deal management services as the company works to
complete a definitive agreement to help grow the recycling business. GTSO has
targeted companies with expertise in the direct removal of electronic waste
from clients’ facilities, from handheld mobile devices to aerospace

GTSO hopes to have a new agreement signed before the end of the quarter,
Watson said.

Chile has been a major focus of GTSO’s efforts to expand its urban mining
footprint due to its high rate of industrialization, affordable labor and
local business connections with CCI Capital. Today, more than 95 percent of
Chileans have a mobile phone. These phones have an average life span of less
than two years, and a huge market is developing in Chile and around the world
to keep the highly valuable and highly toxic materials used to build them out
of landfills.

Urban mining is a major pillar of the Company’s plans to compete alongside
major international corporations striving for sustainable manufacturing
solutions, such as Sprint Nextel Corp. (NYSE:S) and Toyota Motor Corporation
(NYSE:TM). Late last year, GTSO acquired the companyGreen Urban Miningto
handlethe company’s recycling and resale operations.

The company is also exploring traditional mining opportunities in the U.S. and
Africa through its joint venture withDiamond V Associates.

AboutGreen Technology Solutions, Inc.

Green Technology Solutions, Inc. [] is a growth-oriented
company exploring rare earth minerals and precious metals production around
the world. To learn more, please visit the website

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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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