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Evergreen Energy Business Development Update

April 10, 2007

The Company reported on January 31, 2007, that Evergreen Energy Inc. (NYSE Arca: EEE) and TXU Generation Development Company LLC, a subsidiary of TXU Corp., have signed a letter of intent for detailed engineering, design integration and tests of the K-Direct coal refining process. The Company reported at that time that it had also signed an agreement with another major utility to advance the integration of several K-Direct coal refineries in both existing and new coal power plants.

The Company stated on its Fourth Quarter 2006 conference call on March 1 that it had reached Phase II with 2 major utilities. Today the Company is confirming that Phase II with both utilities is underway and proceeding.

The company would like to highlight that the letters of intent form the basis for definitive agreements for the construction of K-Direct coal refineries at new or existing power plants. Some confusion exists in the marketplace about recent public announcements regarding the construction of new coal-fired power plants. Evergreen Energy’s agreements have been unaffected by recent public announcements related to the construction of new coal-fired power plants.

Evergreen Energy’s K-Fuel® enhances the value of both new and existing coal-fired assets. It boosts plant efficiency, lowers emissions per kWh, and fosters fuel flexibility. Coal consumers can purchase low-rank coals from anywhere—the Powder River Basin, Texas, or Overseas just to name a few—and upgrade it to make K-Fuel®, boost plant efficiency and reduce their emissions profile. It’s cleaner coal, and it’s available today.

About Evergreen Energy Inc.

Evergreen Energy Inc. refines coal into a cleaner, more efficient, and affordable solid fuel that is available today to meet the growing energy demands of industrial and utility customers while addressing important environmental concerns. Visit www.evgenergy.com for more information.

Forward Looking Statements

Statements in this news release that relate to future plans or projected results of Evergreen Energy Inc are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the 'safe harbor' provisions of the PSLRA. Our actual results may vary materially from those described in any 'forward-looking statement' due to, among other possible reasons, the realization of any one or more of the risk factors described in our Annual Report on Form 10-K, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this news release is encouraged to study. Readers of this news release are cautioned not to put undue reliance on forward-looking statements.

Contacts:

Analysts and Investors:
Karli Anderson
Director of Investor Relations
303-293-2992

Media and Public Affairs:
Paul Jacobson
VP Corporate Communications
303-293-2992

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