Consolidated Energy Announces That Its Subsidiary TecEnergy Pennsylvania, Inc. Has Been Granted a "Mine Operator's License" by the Commonwealth of Pennsylvania

Market Wire, July, 2006

Consolidated Energy & Technology Group, Inc. (PINKSHEETS: CGGE) announced today that its subsidiary, TecEnergy Pennsylvania, Inc., has been granted a "Mine Operator's License" by the Commonwealth of Pennsylvania. This allows TecEnergy Pennsylvania, Inc. to apply for specific mining permits that will allow the Company to conduct mining activities in Pennsylvania.

"The receipt of this License enables TecEnergy to move to the next stage of its project in Pennsylvania. We can now apply for and are confident that we will receive specific permits that enable us to recover energy from waste coal piles and provide an environmental solution by remediation of these waste coal piles in the state of Pennsylvania," stated the CEO.

Further information on TecEnergy Pennsylvania, Inc. can be found at www.tecenergypa.com

Consolidated Energy is a holding company in the business of acquiring and developing proven technologies which seek to provide sought-after solutions to current environmental problems in our modern world, with special emphasis on alternative energy, waste management and land remediation.

Consolidated Energy offers turnkey solutions in the waste sector and at the same time uses these resources to provide alternative energy and other products.

Further information about Consolidated Energy can be found at www.cetg-inc.com

NOTE: Statements made by Consolidated Energy & Technology Group, Inc. that are not purely historical are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a variety of risks and uncertainties, including, without limitation, statements with respect to the Company's strategy and prospects. These statements are made based upon information available to the Company at the time, and the Company assumes no obligation to update forward-looking statements. Readers and investors are cautioned that the Company's actual results may differ materially from those described in the forward-looking statements due to a number of factors including, but not limited to: (1) demand for the Company's products and services; (2) the Company's ability to develop and launch its markets; (3) changes in the current and future business environment, including interest rates and capital and consumer spending; (4) the impact of competitive products and pricing; (5) reliance on key strategic alliances; (6) the availability of funding and skilled personnel; (7) the regulatory environment; (8) risks associated with start-up businesses; and (9) the impact of yet unknown competitors, technological obsolescence, problems with technology, problems with shipment, inadequate supplies and business opportunities.

Contact: Seamus Lagan CEO Consolidated Energy & Technology Group, Inc. 305 735 8042