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Last updated on April 18, 2014 at 17:24 EDT

Environmental Assessment application screening commences for Raven

April 4, 2013

TSX-V TRADING SYMBOL:  CEC

VANCOUVER, April 4, 2013 /PRNewswire/ – Compliance Energy Corporation
(“Compliance” or the “Company) is pleased to announce that its
subsidiary, Compliance Coal Corporation, on behalf of itself and its
joint venture partners, I-Comox Coal Inc. (a subsidiary of Itochu
Corporation of Japan) and LG International Investments (Canada) Limited
(a subsidiary of LG International Corp. of Korea) has received
correspondence from the BC Environmental Assessment Office that its
joint provincial application for an Environmental Assessment
certificate (“Application”) and its Federal Environmental Impact
Statement (“EIS”) for the proposed Raven Underground Coal Mining
Project (the “Project”) on Vancouver Island, British Columbia, has been
received in full and that the 30 day screening period has commenced
April 4, 2013.  As the 30 day period deadline falls on a day that is
not a regular business day, the deadline day will be May 6, 2013.

After this initial screening review is completed and if the Application
is accepted it will be posted on the Government of British Columbia’s
Environmental Assessment Office website at www.eao.gov.bc.ca and the formal 180-day review period, as outlined in Provincial
Legislation, will commence. After the review period, it will be
considered by the Ministers for an Environmental Assessment certificate
(a statutory 45 day process). Please note that these dates may be
extended at any time upon the request of the Ministries. The federal
government will coordinate the review of the EIS over a six month
period running in parallel with the province.

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 Mining Project of which we are
operator and 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