EMERALD BAY PROVIDES UPDATE ON KUHN 5

Feb 23 2018

Emerald Bay Energy Inc. (TSX Venture: EBY) (the “Company” or “Emerald Bay”) provided the following update on the Company’s plans to drill the Kuhn 5 well at the Wooden Horse Property in South Texas. As previously announced, the Kuhn 5 well location was chosen as Buda target. Based on the results of the Kuhn 3 well, recently completed in upper Austin Chalk, the Company’s geophysical team is now in the process of re-evaluating Kuhn 5 to possibly reposition the location of the well as an Austin Chalk target. The final location and the targeted formation of the Kuhn 5 well will be made upon completion of perforating and stimulating the additional 5 feet of the Buda formation in the Kuhn 4 well as previously announced. It is anticipated that the location will be decided, surveyed and permitted in the next two to three weeks with drilling to commence shortly thereafter.

ABOUT EMERALD BAY

Emerald Bay Energy Inc. (EBY) is an energy company with oil producing properties in southwest Texas as well as non operated oil, natural gas, and electricity generation interests in Central Alberta, Canada. EBY is the operator of the Wooden Horse and Nash Creek Projects in Guadeloupe, Texas, where the Company currently now owns a 50.00% working interest in those projects. The Company also owns 75% of Production Resources Inc., a South Texas oil company.

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For further information, please contact: Emerald Bay President, Shelby D. Beattie, (403) 262-6000, info@ebyinc.com, www.ebyinc.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.