Terrestrial Energy Inc Announces Appointment of Louis Plowden-Wardlaw as General Counsel

OTTAWA, ONTARIO--(Marketwired - Feb. 3, 2014) - Terrestrial Energy Inc is pleased to announce the appointment of Louis Plowden-Wardlaw as the Company's General Counsel and Vice President of UK Business Development. Mr. Plowden-Wardlaw is an experienced lawyer with more than 20 years' experience in private practice, as well as in-house counsel for public and private companies. Mr. Plowden-Wardlaw will render his legal expertise to the Company as it negotiates complex contracts and agreements within industry and with government.

Mr. Plowden-Wardlaw was called to the English Bar in 1990 and subsequently worked as a banking and asset finance solicitor with Watson, Farley and Williams. In 1995, he was appointed Legal Counsel at the Royal Bank of Canada in their London office, and subsequently became their Head of Legal. He has advised numerous companies including Credit Suisse, KBC Financial Products, and North Asset Management, an investment manager, where he was General Counsel and Head of Execution. He was for six years a Director of Argo Real Estate Opportunities Fund Limited, a public company operating and building retail parks in Central and Eastern Europe. He is a Director of General Counsel Limited, which is a software services company, and a founding Trustee of the Activation Trust. Mr. Plowden-Wardlaw has travelled extensively in the Middle East and Russia on behalf of clients. Mr. Plowden-Wardlaw graduated with a LLB (Law, First Class) from the University of Birmingham, and a MSc (Finance) from London Business School, and is a Liveryman of the City of London.

Terrestrial Energy Inc's President and CTO, Dr. David LeBlanc, commented on Mr. Plowden-Wardlaw's appointment: "Terrestrial Energy Inc feels fortunate to have a legal mind as keen and experienced as Louis' on our team. Louis' expertise will be instrumental as the Company transitions its Molten Salt Reactor development project from the start-up phase to the Conceptual Design stage. The Integral Molten Salt Reactor project has numerous legal complexities and the project requires sound legal counsel. Furthermore, Louis' considerable UK connections and entrepreneurial drive will doubtless gain many entrees for us in the UK. Louis will be an indispensable member of our executive committee, and we welcome him warmly."

About Terrestrial Energy Inc.

Terrestrial Energy Inc. ("TEI") has the objective of commercializing its proprietary Molten Salt Reactor technology in Canada by 2021. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, but without cost inflation. TEI's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 29 MWe to 290 MWe - ideally suited for remote communities or industrial operations. Canada provides a favorable jurisdiction for the company's Molten Salt Reactor development, licensing and marketing. TEI's founding board consists of executives from the oil-sands, mining and finance sectors.