CALGARY, Jan. 6 /CNW/ - EmberClear Corp. (TSXV: EMB) retracts the coal
reserve estimates, including quantity and grade, previously disclosed
in its earlier press release dated January 6, 2011. Such estimates
were management estimates only, and were not prepared or disclosed in
accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). It is anticipated that revised estimates will be
provided upon completion of a NI 43-101 compliant technical report.
EmberClear Corp. ("EmberClear") is a clean energy technology company
developing energy projects around the world. EmberClear projects
typically utilize advanced carbon based gasification, ultra-super
critical, super-critical, circularized fluid bed, and post combustion
carbon dioxide capture using various technologies in thermal chemistry
acquired through exclusive and non-exclusive licenses. EmberClear also
holds options and titled ownership to real estate and coal deposits.
EmberClear intends to utilize additional technology licenses as needed
to fully develop commercial scale energy projects. For more information
please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking
statements or information (collectively "forward-looking statements")
within the meaning of the "safe harbour" provisions of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "anticipate," "continue," "estimate,"
"expect," "forecast," "may," "will," "project," "could," "plan,"
"intend," "should," "believe," "outlook," "potential," "target,"
"seek," "budget," "predict," "might" and similar words suggesting
future events or future performance. All statements other than
statements of historical fact may be forward-looking statements. In
particular, this document contains forward-looking statements
pertaining to the anticipated completion of a NI 43-101 compliant
technical report and the provision of updated resource or reserve
disclosure in connection therewith. With respect to forward-looking
statements contained in this document, we have made assumptions
regarding the existence of coal resources or reserves on EmberClear
lands. Although we believe that the expectations reflected in the
forward-looking statements contained in this document, and the
assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will prove
to be correct. Readers are cautioned not to place undue reliance on
forward-looking statements included in this document, as there can be
no assurance that the plans, intentions or expectations upon which the
forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause our actual performance and
financial results in future periods to differ materially from any
estimates or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and
uncertainties include, among other things, the following: the
geological engineering findings; the quality and economic recovery of
coal resources and reserves; regulation of industry; environmental,
health and safety laws; and an inability to satisfy mine plan
requirements. Readers are cautioned that this list of risk factors
should not be construed as exhaustive. The forward-looking statements
contained in this document speak only as of the date of this document.
Except as expressly required by applicable securities laws, we do not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in
this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE EmberClear Corp.
For further information:
David G. Anderson
Chief Financial Officer