Evergreen Energy Begins Trading On the OTCBB

Evergreen Energy Inc.

, at the market open today, began trading under the symbol “EVEI” or “EVEI.OB” on the Over-the-Counter Bulletin Board. On December 1, 2011, the company announced that NYSE Arca delivered a notice to the company confirming that the exchange will suspend trading of the company's common stock on the NYSE Arca prior to the opening of business on December 2, 2011. The company's common stock will be delisted from the exchange pending the completion of applicable procedures to be completed by the NYSE Arca and pending any appeal that the company may file. Stocks traded on the Over-the-Counter Bulletin Board may experience more limited trading volume and exhibit wider spreads between the bid/ask quotation. In addition, the company's common stock would become subject to the “penny stock” rules, which impose additional customer suitability and disclosure requirements on broker-dealers effecting transactions in common stock. These requirements could adversely affect the market price and liquidity of the company's common stock.