Primary Energy Recycling Announces Five-week Extension of Cokenergy Agreement

OAK BROOK, IL, Nov. 4, 2013 /CNW/ - Primary Energy Recycling Corporation (TSX: PRI), a clean energy company that generates revenue from capturing and recycling recoverable heat and byproduct fuels from industrial processes, today announced an extension to its existing Cokenergy agreement with the project's site host through December 6, 2013, and remains in active negotiations with the project's waste-heat supplier.

Primary Energy Recycling plans to provide an update on negotiations with the site host and with the project's supplier of waste heat as further progress occurs.

Cokenergy is a combined heat and power facility that provides electricity and process steam to the site host's steel-making operations.

About Primary Energy Recycling Corporation
Primary Energy Recycling Corporation, headquartered in Oak Brook, Illinois, owns and operates four recycled energy projects and a 50 percent interest in a pulverized coal facility (collectively, the "Projects"). The Projects have a combined electrical generating capacity of 298 megawatts and a combined steam generating capacity of 1.8M lbs/hour. Primary Energy Recycling Corporation creates value for its customers by capturing and recycling waste energy from industrial and electric generation processes and converting it into reliable and economical electricity and thermal energy for resale back to its customers. For more information, please see www.primaryenergy.com.

Forward-Looking Statements
When used in this news release, the words "anticipate", "expect", "project", "believe", "estimate", "forecast" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks, uncertainties and assumptions pertaining, but not limited to, the anticipated benefits of the Cokenergy agreement described in this press release, operating performance, regulatory parameters, weather and economic conditions and other factors discussed in the Company's public filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect new events or circumstances except as required by applicable securities laws.

SOURCE: Primary Energy Recycling Corporation

For further information:

Chief Commercial Officer
Christopher Fanella
630.560.4227
investorinfo@primaryenergy.com

Media and Investor Relations
Adam Peeler
416.815.0700 ext. 225
apeeler@tmxequicom.com

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Primary Energy Recycling Corporation

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