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Early Warning Press Release in Accordance with National Instrument 62-103

FSCWIRE

Early Warning Press Release in Accordance with National Instrument 62-103

Calgary Alberta (FSCwire) – Mr. Clarence Wagenaar issues this press release pursuant to Part 3 – Early Warning Requirements of National Instrument 62-103 with respect to Emerald Bay Energy Inc.

On July 27, 2017, Clarence Wagenaar (“Wagenaar“), through a corporate entity he controls, disposed of ownership of 15,000,000 common shares of Emerald Bay Energy Inc. (the “Corporation“).

Prior to giving effect to the foregoing disposition of securities, Wagenaar owned or controlled 38,581,000 Common Shares and no warrants of the Corporation. After giving effect to the disposition of common shares, Wagenaar owns or controls 23,581,000 Common Shares (or approximately 11.9% of the issued and outstanding Common Shares (non-diluted)).

In the future, Wagenaar may acquire additional securities of the Corporation, dispose of some or all of the securities it now owns or controls, or may continue to hold its current position.

The Common Shares of the Corporation are listed on the TSX Venture Exchange under the trading symbol “EBY”.

For further information or to receive a copy of the early warning report filed by Wagenaar with securities regulatory authorities in Canada in connection with this press release, please contact Michael Rice, Chief Financial Officer of the Corporation, at (403) 262-6000.

To view this press release as a PDF file, click onto the following link:

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