Innovente Files a Notice of Intention to Make a Proposal to its Creditors

Innovente Inc. (TSX VENTURE:IGE) ("Innovente" or the "Corporation") announces
that on July 17, 2014, it filed a notice of intention to make a proposal to its
creditors in accordance with the provisions of the Bankruptcy and Insolvency
Act. The firm PricewaterhouseCoopers inc. has been retained as trustee. In
addition to its legal responsibilities, the firm will assist the Corporation in
the development of a proposition to its creditors that will be subject to vote
at a meeting which will be held at a date yet to be determined. In the meantime,
the Corporation will benefit from a complete stay with regards to debt payments
and to any creditor proceeding.


Innovente believes that this process of notice of intention will contribute
positively to its actual efforts of finding stategic and financial partners.


About Innovente

Based in Quebec City, Innovente produces renewable energy by providing
communities with a green and sustainable solution for the management of residual
organic matter with its patented technology. Innovente stock is listed on the
TSX Venture Exchange under the ticker symbol IGE (TSX VENTURE:IGE).
www.innovente.ca


Disclaimer regarding forward-looking statements

Certain statements included herein may constitute "forward-looking statements"
within the meaning of applicable securities laws. Forward-looking statements are
necessarily based on a number of estimates and assumptions that, while
considered reasonable by management when they are made, are inherently subject
to significant business, economic, and competitive uncertainties and
contingencies. Investors are cautioned not to place undue reliance on
forward-looking statements. The Corporation disclaims any intent or obligation
to update publicly these forward-looking statements, whether as a result of new
information, future events or other development unless required by applicable
law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as these
terms are defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Richard Painchaud
President and Chief Executive Officer, Innovente
418 572-9959
[e-mail]