EMERALD BAY ANNOUNCES REVOCATION OF CEASE TRADE ORDERS

Apr 24 2017

Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") is pleased to announce that the Alberta Securities Commission ("ASC") has revoked the cease trade order that they had previously issued against the Corporation. The Corporation has been informed that the revocation order issued by the ASC will be automatically reciprocated in the other Canadian jurisdictions where similar cease trade orders were issued.

On April 20, 2017, the ASC revoked the cease trade order it had issued on May 5, 2016 for the Corporation's failure to file the Corporation’s annual audited financial statements, annual management's discussion and analysis, and certification of annual filings for the year ended December 31, 2015.

In light of the cease trade revocations, the Corporation has applied to the TSX Venture Exchange for the trading suspension of the common shares of Emerald Bay to be lifted and shares re-posted for trading.

About Emerald Bay

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit our website at www.ebyinc.com.

For further information, please contact:
Emerald Bay Energy Inc.: President, Shelby D. Beattie, (403) 262-6000, info@ebyinc.com  
CHF Investor Relations: D’Arcy Funfer, (403) 669-5157, darcy@chfir.com

Neither 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.