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Nations Energy Secures Site for Kamloops Biomass Power Projects


KAMLOOPS, BC -- Nations Energy Corporation ("Nations Energy" or the "Company") through its wholly owned subsidiary, Cedarhurst Forestry Products Inc., has entered into a 15-year lease agreement with Biosource Power Ltd. concurrent to their purchase of the lands buildings and pellet manufacturing facilities located at 10285 Dallas Road in Kamloops from Farm Credit Canada. The Purchase is expected to be completed by September of this year.

Under the agreement, Cedarhurst will lease a portion of the property as the permanent site for their planned Biomass Power Project pursuant to Nations Energy's selection by BC Hydro under its Community-Based Biomass Power program for Kamloops.

Both Biosource and Cedarhurst plan to cooperate together with respect to the use of the facilities including potential arrangements on fibre supply, for pellet production and distribution, including shared use of rail transport facilities. Dale Andrews, President of Nations Energy, states, "We have been interested in this Kamloops site for some time and we are pleased to have secured an appropriate arrangement for the development of our initial project in the community of Kamloops."

About Nations Energy Corporation
Nations Energy Corporation is an integrated sustainable Bioenergy company focused on the creation of carbon neutral energy and bio fuels from Mountain Pine Beetle ("MPB") killed biomass. The MPB is an infestation that has killed 675 million cubic metres of timber in British Columbia. However, MPB timber has significant value as it can be used to create Bioenergy. NEC is uniquely positioned to leverage timber and MPB feedstock through Bioenergy products that address the rapidly growing biomass energy market. Nations Energy is also committed to working with First Nations in BC communities for forestry management and other fibre supply arrangements as well as related employment opportunities. For more information visit: www.nationsenergycorp.com.

Disclaimer
This release may contain "forward-looking statements" including without limitation those statements regarding the ability of Nations Energy Corporation ("Nations Energy" or the "Company") to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Nations Energy and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.




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This website contains historical and archived press releases for Nations Energy Corp. The information in these press releases is historical in nature, has not been updated, and is current only to the date indicated in the particular press release. This information may no longer be accurate and therefore you should not rely on the information contained in these press releases. To the extent permitted by law, Nations Energy Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.