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VRD

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Share Name Share Symbol Market Type
TSXV:VRD TSX Venture Common Stock
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  0.00 0.00% 0 -

Viridis Energy Appoints Robert Aaron Chairman of the Board

22/11/2013 1:56pm

Access Wire


Vancouver, BC - November 22, 2013 - Viridis Energy Inc. ("Viridis" or the "Company") (TSXV: VRD), a "Cleantech" manufacturer and distributor of renewable energy providing waste biomass fuel to global residential and industrial markets, announced today that Robert Aaron, a 30 year veteran in the commodities and financial industries who recently joined its board of directors, has been appointed Chairman of the Board.

Mr. Aaron currently serves as chief executive officer of Gilwern Associates, an adviser to Viridis Energy's largest shareholder, Cornwall Investments LLC, holder of 70% of the Company's outstanding stock. Mr. Aaron also serves as vice-chairman of HedgeServ Corp., a leading hedge fund and private equity administrator located in New York, London and Dublin, and vice chairman of Investor Analytics LLC, a cutting-edge, investment risk management software-as-a-service provider located in New York. Previously, Mr. Aaron served as CEO of DPM Mellon LLC (formerly Derivatives Portfolio Management LLC and currently a subsidiary of The Bank of New York Mellon Corp.), a provider of administrative and risk support services to hedge funds. Prior to DPM, Mr. Aaron was the President of Tricon Holdings, an international trading firm focused on energy markets and forest products. He also served as vice-president of Commodities Corp., a leading commodity and futures trading firm acquired by Goldman Sachs. Mr. Aaron received a Bachelor of Science degree in accounting from Fordham University.

"Bob's background in commodities, including forestry, naturally cultivated his relationship with Viridis into a proactive role. Having benefited from his strategic insight over the last few years, and with his recent appointment to the board, we decided to further expand his role to that of chairman," said Christopher Robertson, CEO of Viridis Energy. "As Viridis continues the roll out its growth strategy in an expanding renewable energy market, having the direct involvement of someone with Bob's talent and drive will augment Viridis' executive bandwidth to more efficiently address opportunities. Our board and management team are very pleased that Bob had extended his commitment to the company through his expanded role as chairman."

Mr. Aaron added, "Expanding my role now allows Chris Robertson to focus on our expanding production and our new trading activity, Viridis Merchants Inc. The executive team has done a commendable job in building Viridis into one of the leading wood pellet sources in North America. I'm looking forward to supporting the evolution of the company into a worldwide leading provider of biomass."

Viridis Investor Contact:

Yvonne L. Zappulla

Managing Director

Grannus Financial Advisors, Inc.

212-681-4108

Company Contact:

Michele Rebiere

Chief Financial Officer

Viridis Energy Inc

905-847-5226

investorinfo@viridisenergy.ca


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About Viridis Energy Inc.

About Viridis Energy Inc.

Viridis Energy Inc. (TSXV: VRD) is a publicly traded, "Cleantech" alternative energy company specializing in the agricultural and wood waste biomass. Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing the company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca.

Forward-looking Statements

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to finance the start-up operations in Nova Scotia in a timely manner (6) inability to retain key management and employees, (7) an increase in the number of competitors with larger resources, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company's MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian securities regulators.

Neither the 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.

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