Last updated on April 19, 2014 at 21:20 EDT

Primary Energy Recycling Announces 10-day Extensions to Cokenergy Agreements

October 8, 2013

OAK BROOK, IL, Oct. 8, 2013 /PRNewswire/ – Primary Energy Recycling Corporation
(TSX: PRI), a clean energy company that generates revenue from
capturing and recycling recoverable heat and byproduct fuels from
industrial processes, today announced 10-day extensions to its existing
Cokenergy agreements. The short-term extensions will expire on October
18, 2013.

Primary Energy Recycling intends to provide an update on negotiations
with the site host and the project’s supplier of waste heat as further
developments take place.

Cokenergy is a combined heat and power facility that provides
electricity and process steam to the site host’s steel-making

About Primary Energy Recycling Corporation

Primary Energy Recycling Corporation, headquartered in Oak Brook,
Illinois, owns and operates four recycled energy projects and a 50
percent interest in a pulverized coal facility (collectively, the
“Projects”). The Projects have a combined electrical generating
capacity of 298 megawatts and a combined steam generating capacity of
1.8M lbs/hour. Primary Energy Recycling Corporation creates value for
its customers by capturing and recycling waste energy from industrial
and electric generation processes and converting it into reliable and
economical electricity and thermal energy for resale back to its
customers. For more information, please see www.primaryenergy.com.

Forward-Looking Statements

When used in this news release, the words “anticipate”, “expect”,
“project”, “believe”, “estimate”, “forecast” and similar expressions
are intended to identify forward-looking statements. Such statements
are subject to certain risks, uncertainties and assumptions pertaining,
but not limited to, the anticipated benefits of the Cokenergy agreement
described in this press release, operating performance, regulatory
parameters, weather and economic conditions and other factors discussed
in the Company’s public filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date of this press
release and the Company assumes no obligation to update or revise them
to reflect new events or circumstances except as required by applicable
securities laws.

SOURCE Primary Energy Recycling Corporation

Source: PR Newswire