SOURCE: Blue Earth, Inc.

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May 21, 2015 09:15 ET

Blue Earth Receives Notice From NASDAQ That the Company Is No Longer Subject to a Possible Delisting

HENDERSON, NV--(Marketwired - May 21, 2015) - Blue Earth, Inc. (NASDAQ: BBLU), an alternative/ renewable energy and energy efficiency services company, announced it has received a staff determination letter from the Nasdaq ("Nasdaq") stating that the Company has regained compliance with Rule 5635(d) and therefore is no longer subject to a possible delisting.

On March 19, 2015, Blue Earth, Inc. (the "Company") received a staff determination letter from the Nasdaq ("Nasdaq") stating that the Company was not in compliance with its rules for continued listing, Rule 5635(d), because it violated the shareholder approval requirement. The violation was based on the Staff's determination to aggregate the shares issuable in three recent transactions for determining whether the 20% threshold for shareholder approval has been triggered. As a result, the Company has agreed with the applicable parties to amend and modify the terms of two of these transactions in order to achieve compliance. On May 18, 2015, the Company received notice from Nasdaq that as a result of the amendments with Jackson investment Group, LLC and TCA Global Credit Master Fund, LP as described in the Company's Form 8-K filing on May 20, 2015, the Company has regained compliance with Rule 5635(d) and is no longer subject to a possible delisting.

About BBLU
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "may," "will," "should," "intends," "projects" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and the performance of its business units. These forward-looking statements are based on the company's current believes and expectations, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other filings. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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