EXHIBIT 99.1


           MR. FRANK PRINGLE RETIRES FROM GLOBAL RESOURCE CORPORATION

                   MR. ERIC SWAIN NAMED CHAIRMAN OF THE BOARD

WEST BERLIN, NJ - NOVEMBER 17 -- Global Resource Corp. (OTC: GBRC), a developer
of a patent-pending microwave technology and machinery for extracting oil and
gas, announced today that Frank Pringle, chairman of the board, has elected to
retire fully from the company, effective immediately, and Eric Swain has been
chosen to serve as Chairman & CEO.

The board of directors and Mr. Pringle agreed that a change in leadership would
best enable Global Resource to move forward with the commercialization stage of
the technology. The board recognizes Mr. Pringle's outstanding service in
leading Global Resource through the company's successful development phase.

"We would like to thank Frank for the contribution he has made leading the
invention and the development of our groundbreaking microwave technology,"
stated, Mr. Eric Swain, Chairman and CEO. "Our new management team is poised for
the major transformation of Global Resource from an R&D company into a global
alternative energy firm with enormous potential. During this important period
for our company, the board of directors and I are committed to working on the
sale and licensing of our technology and creating increased value for our
shareholders."

With the retirement of Mr. Pringle, the company will terminate his existing
consulting agreement in exchange for a severance package. Under the retirement
agreement Mr. Pringle recognizes the assignment of all Intellectual Property to
the company. In addition, the company will recognize a significant decrease in
the expenses associated with the original agreement. The terms and conditions of
the severance package are available through the 8K.

ABOUT GLOBAL RESOURCE CORPORATION
Global Resource Corp., (GBRC), is a developer of a patent-pending microwave
technology and machinery that extracts oil and petroleum products from shale
deposits, tar sands, capped oil wells, bituminous coal and processed materials
such as tires and plastics as well as dredged soil from harbors and river
bottoms. Its process produces significantly greater yields and lower costs than
are available using existing technologies. Because the process takes place in an
enclosed environment it is emission-free and an efficient and cost-effective
tool for cleaning environmental wastes and toxic materials. For more information
see: www.globalresourcecorp.com



FORWARD-LOOKING STATEMENTS

THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS REGARDING GLOBAL RESOURCE
CORPORATION'S BUSINESS STRATEGIES AND FUTURE PLANS OF OPERATIONS. FORWARD-
LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES. THE
FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE SPEAK ONLY AS OF THE
DATE HEREOF AND GLOBAL RESOURCE DISCLAIMS ANY OBLIGATION TO PROVIDE PUBLIC
UPDATES, REVISIONS OR AMENDMENTS TO ANY FORWARD-LOOKING STATEMENTS MADE HEREIN
TO REFLECT CHANGES IN GLOBAL RESOURCE'S EXPECTATIONS OR FUTURE EVENTS.

Investors:
Alliance Advisors, LLC
Thomas Walsh, 212-398-3486
Partner
twalsh@allianceadvisors.net