EmberClear Corp. Announces Fiscal Year End 2014 Results

CALGARY, ALBERTA--(Marketwired - Nov. 26, 2014) - EmberClear Corp. (TSX VENTURE:EMB) ("EMB" or "EmberClear") today announced its audited financial results for the year ended June 30, 2014.

EMB's net loss for the twelve month period, including discontinued operations, decreased by 51.9% to $22.8 million from $47.4 million for the same period in the prior year.

Included in the net loss is a net impairment charge of $31.7 million relating to EmberClear's coal properties. Due to continued depressed global price of coal and management's plans to not develop the coal properties, EmberClear has written-off the value of the coal properties.

David Anderson, CEO, commented: "The Company is well positioned and it remains focused on its natural gas based energy project development business in North America. The writing off the coal properties was a step in the right direction. We are optimistic that our current operating model will lead to a brighter future in 2015."

EMB's financial statements, management's discussion and analysis, and related information can be found on SEDAR at www.sedar.com.

Additionally, Mr. Peter Kinash has resigned from the board of directors of EmberClear effective November 26, 2014. EmberClear would like to thank Mr. Kinash for his dedication in seeing the audit though and his diligent service to EmberClear over the last number of years. EmberClear wishes him great success in his future endeavors.

About EmberClear

EmberClear is an energy developer focused on low emission commercial scale projects primarily in North America. Developing facilities using natural gas as inputs to create electricity or transportation fuels characterizes our plants. We utilize our proven expertise in permitting, site control and engineering feasibility to develop projects that are sold to investors interested in purchasing, constructing and operating such energy projects. EmberClear is developing gas to liquids (GTL) and gas to power (NGCC) generating facilities in North America. Our NGCC Projects benefit from a favorable geographic location that offers access to abundant natural gas reserves and a power market that is served primarily by older, coal fired, electric generation facilities, expected to be phased out over time. EmberClear also holds surface and mineral rights in Schuylkill County, Pennsylvania. This property is situated in the Southern Anthracite coalfield of eastern Pennsylvania, USA. Mineral rights held by the company include Anthracite/PCI coal suitable for the steel making industry. EmberClear's shares are listed on the TSX Venture Exchange under the trading symbol "EMB". For more information, please visit www.emberclear.com.