Canada Renewable Bioenergy Corp.
CSE : XZX

Canada Renewable Bioenergy Corp.

March 06, 2015 17:03 ET

Canada Renewable Bioenergy Corp. Appoints New Chief Operating Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2015) - Canada Renewable Bioenergy Corp. ("Canada Renewable" or the "Company") (CSE:XZX) announces the appointment of Mr. Denis Pelletier as Chief Operating Officer ("COO"), replacing Mr. Robert Mukasa, who has decided to leave the Company to pursue other interests.

Mr. Pelletier has been engaged by the Company since March 2014 as a consultant through Fortec Consulting Inc., where he was involved in various aspects of forest operation management and permitting for companies as well as developing a pellet / biomass manufacturing facility for the Company in the northwest of BC. Canada Renewable is pleased to have Mr. Pelletier as its new COO and considers his operational and project development expertise beneficial for the Company.

Mr. Pelletier has a diverse background in forest management in BC, beginning his career with International Forest Products on coastal BC operations undertaking all phases of operational development. He was a resource analyst with the Ministry of Forests in Prince George, BC for four years before joining Timberline Forest Inventory Consultants ("Timberline") as a resource analyst, planner and department manager. Mr. Pelletier subsequently became the branch and regional manager, overseeing all services and operations, and then an executive at Timberline where he managed the Prince George Branch and Northern BC Region for seven years, expanding Timberline's client base, lines of business and service delivery model. During this time, he also established Timberline as a co-founder of Borealis Offsets, an afforestation carbon credit company. From 2008 to 2011, Mr. Pelletier was the COO and President of National Choice Bio-Fuels where he worked in partnership with the Lhtako Dene Nation in Quesnel BC towards a joint venture for a 15-year forest license to support the development of a 10 metric tonnes per hour pellet facility.

About Canada Renewable Bioenergy Corp.

Canada Renewable Bioenergy Corp. is focused on producing renewable bio-based products and providing clean energy from biomass wastes through the use of its proprietary, patented pyrolysis technology. Products produced with its pyrolysis technology include electricity, biochar, wood vinegar and creosote. Already with operations in China, the Company plans to build a facility in British Columbia to capitalize on the growing international green energy market. The Company is listed on the Canadian Stock Exchange under the symbol "XZX".

BY ORDER OF THE BOARD

Mr. Xuedian Liu, Chairman, Chief Executive Officer and President

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of CSE) accepts responsibility for the adequacy or accuracy of this release. Information about Canada Renewable Bioenergy Corp. is available at www.cnsx.ca and on SEDAR at www.sedar.com.

Statements in this news release that are not historical facts are forward-looking statements. These forward looking statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include the statement about the Company's plans to build a facility in Stewart, British Columbia. Actual results may differ materially from those currently anticipated due to a number of factors beyond the Company's control. These and other risks are described in the Company's Management Discussion and Analysis for the year ended March 31, 2013 and other public disclosure documents filed on the SEDAR website at www.sedar.com.

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