October 29 2014

EMERALD BAY PROVIDES UPDATE ON ELECTRIC GENERATION AT NEVIS, ALBERTA.

Emerald Bay is pleased to announce that construction of the natural gas fired electrical power generation plant near Nevis Alberta is completed. The plant has been commissioned and is fully operational. The plant, consisting of four generators rated at a combined 980 kW, has begun selling electricity into the Alberta power pool. With gas prices forecasted to remain below $4.00 GJ (AECO C) through 2018, the completion of this pilot project represents an exciting new business for the Corporation. The project provides the framework for future electric generation projects whereby the Corporation will be able to create revenue streams from natural gas wells that are currently uneconomical to produce. The Corporation has begun the process of evaluating future locations for power generation and is confident that the deployment cycle of future projects will be significantly shorter.