Compliance Energy announces updated resource on Raven Coal deposit

TSX-V TRADING SYMBOL: CEC

VANCOUVER, April 22 /CNW/ - Compliance Energy Corporation (the "Company") (TSXV-CEC) is pleased to announce that it has received a new National Instrument 43-101 compliant coal resource estimate for the Raven Coal deposit located in the Comox Coal Basin on Vancouver Island, British Columbia. Measured and Indicated resources are 71,998,201 tonnes and Inferred resources are 59,430,517 tonnes. (see Table 1).

The new resource estimate, prepared by Pincock Allen and Holt ("PAH"), replaces the previously reported 39 million tonnes of Measured and Indicated and 59 million tonnes of Inferred resources, as contained in the technical report on Raven Coal Property filed by the Company in June 2007. The coal in the deposit area is classified as high volatile Bituminous A and can be characterized as a semi soft coking coal.

"Our objective with the 2009 drilling program was to increase the size of resource and we have accomplished that by increasing the measured and indicated resource by 85% while maintaining the amount of inferred resources. We will now be able to complete our feasibility study on a much larger resource than previously reported", said John Tapics, President and CEO.

    
             Table 1:  In Situ Coal Resources for Raven Project
    -------------------------------------------------------------------------
                                        Coal      In Situ Coal Resources
            Deposit     ASTM Rank       Zone/          (kilotonnes)
    Area      Type    Classification    Seam  -------------------------------
                                               Measured  Indicated  Inferred
    -------------------------------------------------------------------------
    Raven
     Coal
     Project               High        Seam 1    20,540    32,319     50,125
    T'Sable  Under-     Volatile A     --------------------------------------
     River   ground     Bituminous     Seam 3
     Coal                               Upper     7,415    11,724      9,306
     Field           --------------------------------------------------------
    Comox                                           Measured and    Inferred
    Basin                         Totals              Indicated
                                                        71,998        59,431
    -------------------------------------------------------------------------
    

While the Company's 2006 and 2009 exploration programs consisted of 51 rotary and diamond drill core holes measuring approximately 12,500 meters, and 21 kilometers of high resolution reflective seismic, approximately 180 drill holes measuring over 33,000 meters have been drilled on the property and 34.6 kilometers of high resolution reflective seismic have been conducted.

The key assumptions in determining the resource estimates are outlined in Table 2.

    
             Table 2: Key Assumptions for Determining Resources
    -------------------------------------------------------------------------
                                                Key Assumptions
    -------------------------------------------------------------------------
    Maximum rock partings included in thickness 0.3 meters
    -------------------------------------------------------------------------
    Minimum coal bed thickness to be included   0.6 meters
    -------------------------------------------------------------------------
    Minimum aggregate seam zone thickness       1.5 meters
    -------------------------------------------------------------------------
    Coal to rock thickness ratio                2:1 or greater
    -------------------------------------------------------------------------
    Maximum depth from surface                  600 meters
    -------------------------------------------------------------------------
    Maximum Distance from Data Point            Measured Resources 150 meters
                                               Indicated Resources 300 meters
                                               Inferred Resources 1800 meters
    -------------------------------------------------------------------------
    Bulk Density                                1.5 tonnes/ cubic meter
    -------------------------------------------------------------------------
    

The resource estimates were prepared by Lorraine Livingston, P. Geo., of PAH who is the Independent Qualified Person (the "Qualified Person") for reporting purposes as defined in NI 43 - 101 Standards of Disclosure for Mineral Projects. The drilling and seismic programs, and bulk sampling and core analyses were under the supervision of O. R. Cullingham, P. Geo. an Independent Qualified Person. Compliance expects to file a technical report prepared by PAH on SEDAR by the beginning of June 2010.

The Raven Property is located approximately 20 kilometers to the south east of Courtenay on Vancouver Island, BC with the island four lane expressway, rail and power within 2 kilometers from the site. The Company is in the process of preparing a feasibility study to determine the viability and general economics of producing coking coal from this property.

About Compliance Energy Corporation

Compliance Energy Corporation is a coal exploration and development company with an interest in over 75,000 acres of coal and mineral rights on Vancouver Island BC and that owns the Basin Coal Mine near Princeton BC. The company is focused on developing the Raven Coal Project for the Comox Joint Venture, of which it has a 60% interest. The remaining 40% is owned by I-Comox Coal Inc. a subsidiary of Itochu Corporation of Japan and by LG International Investments (Canada) Limited, a subsidiary of LG International Corp. of Korea. Company shares trade on the TSX Venture Exchange under the symbol CEC and investor information is available on the Company's web page at www.complianceenergy.com.

    
    On behalf of the Board of
    COMPLIANCE ENERGY CORPORATION

    John Tapics
    Chief Executive Officer
    

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

Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.

SOURCE Compliance Energy Corporation

For further information: For further information: Greg Werbowski, Investor Relations at (604) 689-0489

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