Emerald Bay Provides Update on Texas Operations

CALGARY, ALBERTA--(Marketwired - Nov. 17, 2015) - Emerald Bay Energy Inc. (TSX VENTURE:EBY) (the "Company" or "Emerald Bay") is pleased to provide an update on recent activities in Texas.

At Wooden Horse, the Company has recently completed an extensive 3D seismic program on Company lands. The data acquisition and processing are complete. The interpretation process is underway to identify the fault structures on the property, which will provide a clearer understanding of the trapping mechanism for the hydrocarbons for future drilling programs. It is anticipated that drilling operations for the 1^st exploratory well from the seismic program will commence in the final week of November. Formations of interest will be the Austin Chalk, Buda, Georgetown, and Edwards. The Company currently owns and operates a production facility with a salt water disposal well on the subject lands.

At Nash Creek, after re-processing and follow-on interpretation, theCompany's second location has been surveyed and staked to prepare for permit application. Emerald Bay expects to drill this well prior to year-end. The Company is targeting the same structure currently producing at their Margaret Anderson #1 well. Formations of interest will be the Navarro, Pecan Gap, Austin Chalk, Buda, and Edwards.

About Emerald Bay

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit www.ebyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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