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  • EMERALD BAY ANNOUNCES ACQUISTION OF 50% INTEREST IN TEXAS BASED OIL PRODUCER

    March 04, 2010

    March 4, 2010 – Emerald Bay Energy Inc. is pleased to announce that it and a private partner have acquired 100% of the issued and outstanding securities of Production Resources Inc. » Read More

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  • EMERALD BAY ANNOUNCES CHANGE TO BOARD OF DIRECTORS

    March 02, 2010

    Emerald Bay Energy Inc. (TSX Venture: EBY) today reported that Mr. Kendall Dilling has been appointed to the Corporation’s Board of Directors and as a member of the Corporation’s audit committee. » Read More

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  • EMERALD BAY ANNOUNCES PIPELINE CONSTRUCTION OPERATIONS UNDERWAY AT GILBY AND FERRYBANK ALBERTA

    December 17, 2009

    Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Company") is pleased to report on recent tie-in activities of eight wells in Alberta. » Read More

News

November 23 2009

EMERALD BAY ANNOUNCES PROPOSED PRIVATE PLACEMENT

For Immediate Release: November 23, 2009

EMERALD BAY ANNOUNCES PROPOSED PRIVATE PLACEMENT

Calgary, Alberta, November 23 – Emerald Bay Energy Inc. (TSX Venture: EBY) (the "Corporation") today reported that the Corporation is proposing a non-brokered private placement offering of up to maximum of 12,500,000 common shares ("Common Shares") of the Corporation. The Common Shares are to be issued under a unit offering whereby up to a maximum of 12,500,000 units ("Units") at a subscription price of $0.08 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Corporation (to be 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 subscribers option) and one (1) non-transferable 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 12 months from the issuance of the Units at a price of $0.15) (the "Offering").

The proceeds will be used for drilling new wells, completion and tie-ins of recently drilled wells and for seismic activities.

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