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Last updated on April 21, 2014 at 5:21 EDT

Vice President Operations Hired for Compliance Coal

October 10, 2012

VANCOUVER, Oct. 10, 2012 /PRNewswire/ – Compliance Energy Corporation
(“Compliance” or the “Company) is pleased to announce that Mr. Stephen
Ellis has been hired and appointed Vice President, Operations, for
Compliance Coal Corporation. Compliance Coal in a wholly-owned
subsidiary of the Company, and holds a 60% interest in over 31,000
hectares of coal rights on Vancouver Island, British Columbia, where we
are focused on developing the Raven Underground Coal Project.

Mr. Ellis began his extensive coal mining career, spanning more than 30
years, in the United Kingdom where he worked in both operational and
technical roles in several underground coal mines before relocating to
Australia in 2006 to Rio Tinto’s Kestrel Mine. In late 2010, Stephen
moved to the Pike River Coal Mine in New Zealand as Production Manager
and then as Mine Manager.  Mr. Ellis holds a First Class Mine Manager’s
Certificate of Competency in the United Kingdom and New Zealand with
mutual recognition of these in Australia.

“We are delighted to have Stephen join our team” stated John Tapics,
President & CEO. “His extensive experience in underground coal mining
operations in multiple jurisdictions is a rare commodity. We will be
able to draw on his experience and knowledge to begin to build and
train a team of other professionals as we advance the Raven Project.”

In conjunction with this appointment, the Board of Directors has
approved the grant of 150,000 stock options to Mr. Ellis at an exercise
price of $0.10 per share. The options have a five year term and are
subject to vesting over 36 months with one-third of the options vesting
each year.

About Compliance Energy Corporation

Compliance Energy Corporation is a mining exploration and development
company. Our primary holding is our interest in over 31,000 hectares of
coal rights on Vancouver Island, British Columbia, where we are focused
on developing the Raven Underground Coal Project of which we hold a 60%
interest. The remaining 40% is owned by I-Comox Coal Inc. (a subsidiary
of Itochu Corporation of Japan) and by LG International Investments
(Canada) Limited (a subsidiary of LG International Corp. of Korea).

The Company also holds a number of mineral exploration properties
totaling over 24,000 hectares on Vancouver Island, BC which are 100%
owned by the Company, some subject to certain royalty requirements. Our
shares trade on the TSX Venture Exchange under the symbol CEC and
investor information is available on our web site at www.complianceenergy.com.

On behalf of the Board of

COMPLIANCE ENERGY CORPORATION

John Tapics
Chief Executive Officer

Neither the 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.

FORWARD LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of
applicable Canadian securities legislation.  Forward-looking statements
include, but are not limited to, statements that address activities,
events or developments that the Company expects or anticipates will or
may occur in the future, future mineral exploration activities, future
business strategy, competitive strengths, goals, expansion, growth of
the Company’s businesses, operations, plans and with respect to
exploration results, the timing and success of exploration activities
generally, permitting time lines, government regulation of exploration
and mining operations, environmental risks, title disputes or claims,
limitations on insurance coverage, timing and possible outcome of any
pending litigation and timing and results of future resource estimates
or future economic studies.  Often, but not always, forward-looking
statements can be identified by the use of words such as “anticipates”,
“plans”, “planning”, “planned”, “expected” or “looking forward”, “does
not expect”, “continues”, “scheduled”, “estimates”, “forecasts”,
“intends”, “potential”, “anticipates”, “does not anticipate”, or
“belief”, or describes a “goal”, or variation of such words and phrases
or state that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and
assumptions, including the receipt of necessary regulatory approvals,
that counterparties to material agreements will duly perform their
obligations there under, the results of drilling and exploration
activities, that contracted parties provide goods and/or services on
the agreed timeframes, that equipment necessary for exploration is
available as scheduled and does not incur unforeseen break downs, that
no labour shortages or delays are incurred, that plant and equipment
function as specified, that no unusual geological or technical problems
occur, and that laboratory and other related services are available and
perform as contracted.  Forward-looking statements involve known and
unknown risks, future events, conditions, uncertainties and other
factors which may cause the actual results, performance or achievements
to be materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or implied
by the forward-looking statements. Such factors include, among others,
the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; future prices of minerals; possible variations in grade or
recovery rates; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of
exploration, as well as those factors disclosed in the company’s
publicly filed documents. Although the Company has attempted to
identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or
results not to be as anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.

SOURCE Compliance Energy Corporation


Source: PR Newswire