Poly Shield Technologies Proudly Announces That Robert Kopple Has Agreed to Join the Board of Directors and Make an Additional Investment in SHPR

SAN JUAN, PUERTO RICO--(Marketwired - Aug. 1, 2014) - Poly Shield Technologies Inc. (OTCQB:SHPR) ("Poly Shield" or the "Company") is pleased to announce that Mr. Robert C. Kopple has agreed to join Poly Shield Technologies as a member of the Board of Directors and Chairman of the Board.

"Acceptance of this position by Mr. Kopple further solidifies Poly Shield's future and we look forward to his presence as an invaluable resource for our growing organization," said Rasmus Norling, President and CEO.

Mr. Kopple's appointment to Poly Shield's Board of Directors and Chairman is expected to take place prior to September 1, 2014. In connection with his appointment as a director and Chairman of the Board, Poly Shield has agreed to issue to Mr. Kopple options to purchase up to 2,500,000 shares of common stock, vesting at a rate of 500,000 shares per year, exercisable at a price of $0.50 per share, and expiring five years after vesting.

Additionally, Mr. Kopple, through KF Business Ventures, LP, has agreed to loan Poly Shield an additional $2.4 million USD, further solidifying the Company's capital position, as it adds to its research and development investment and corporate growth initiatives in anticipation of the upcoming IMO Regulation 14.

The loan is to be advanced in eight equal monthly installments of $300,000 each beginning on September 1, 2014, and is conditional upon Poly Shield and Mr. Kopple agreeing upon a monthly budget for Poly Shield, which is currently in process. The loan will bear interest at a rate of 10% per annum, compounded monthly, until the outstanding principal amount is paid in full. The initial maturity date for the loan is January 15, 2016, which may be extended by the Company to January 15, 2017 by the issuance of additional warrants. As additional consideration for Mr. Kopple agreeing to advance the loan, Poly Shield has agreed to issue to KF Business Ventures non-transferrable share purchase warrants for a total of 9,600,000 shares of the Company's common stock, exercisable at a price of $0.50 per share for a period expiring September 1, 2019. These warrants carry cashless exercise rights for up to 4,800,000 shares.