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  • EMERALD BAY ANNOUNCES PRIVATE PLACEMENT

    January 31, 2012

    Emerald Bay Energy Inc. today reported that the Corporation is proposing a Private Placement offering of up to maximum of 13,000,000 common shares ("Common Shares") of the Corporation » Read More

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  • EMERALD BAY ANNOUNCES DISPOSITION OF INTERESTS IN EDSON AREA PROPERTIES

    January 23, 2012

    Emerald Bay Energy Inc. is pleased to announce that it has accepted an offer on various interests in certain oil and gas properties situated in Edson, Alberta to an arm’s length party. » Read More

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  • Emerald Bay Cases Exploratory Oil Well in Texas

    January 10, 2012

    Emerald Bay has recently drilled and cased a prospective oil well in Guadalupe County, Texas. » Read More

News

April 13 2011

EMERALD BAY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

For Immediate Release: April 13, 2011

EMERALD BAY ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Calgary, Alberta, Tuesday, April 13, 2011 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation") today reported that the Corporation has closed the final tranche of its previously announced private placement. Pursuant to the private placement, an additional 1,910,000 units ("Units") were issued at a price of $0.05 per Unit, for aggregate consideration of $95,500.00. Each Unit consisted of one (1) common share of the Corporation (issued either as a common share or as a "flow-through share" pursuant to the Income Tax Act (Canada) (the "Flow- Through Share") at the subscriber's option) and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of the Corporation for a period of 18 months from the issuance of the Units at a price of $0.10) (the "Offering"). Of the total 1,910,000 common shares issued under this closing, none of which were issued as Flow-Through Shares. On March 29, 2011 the Corporation closed the first tranche whereby 7,503,701 Units were issued for aggregate consideration of $375,185.05. Of the total 7,503,701 common shares issued under that closing, an aggregate 6,163,701 were issued as Flow-Through Shares.

The proceeds will be used for drilling wells, seismic activities and increasing working capital.

All of the Flow-Through Shares, Common Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange.

Emerald Bay Energy Inc., based in Calgary, is a junior oil and gas producer with production properties in Western Canada and South Texas. The common shares of Emerald Bay trade on the TSX Venture Exchange under the symbol "EBY". Please visit our website at http://www.emeraldbayenergy.com.

For further information, please contact:

Emerald Bay President, Shelby D. Beattie, by telephone at (403) 262-6000 or by email at (JavaScript must be enabled to view this email address),

Or

CHF Investor Relations: Catarina Cerqueira, Associate Account Manager, (416) 868-1079 x251, (JavaScript must be enabled to view this email address) Robin Cook, Senior Account Manager, (416) 868-1079 x228, (JavaScript must be enabled to view this email address). If you would like to receive press releases via email please contact (JavaScript must be enabled to view this email address). Please specify “Emerald Bay press releases” in the subject line.

Neither 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES