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Press release from TheNewswire.ca

Viridis Energy Inc. Announces Changes to Board of Directors

Thursday, August 30, 2012

Viridis Energy Inc. Announces Changes to Board of Directors14:53 EDT Thursday, August 30, 2012(via Thenewswire.ca) Vancouver, BC - August 30, 2012 - Viridis Energy Inc. ("Viridis" or the "Company") (TSXV: VRD), a "Cleantech" manufacturer and distributor of alternative energy providing waste biomass fuel to global residential and industrial markets, today announced the results of the election of directors at the Annual General Meeting yesterday. Two new directors, Mr. Noah C. Schankler and Mr. Joseph M. Zappulla were elected to the Viridis board. Messrs. Schankler and Zappulla replace John Heimbecker and Alphonse Placktis, who will not be serving an additional term. Mr. Schankler received his degree in economics at Princeton University and has focused on corporate development and M&A work. He began his career at JP Morgan Securities and is presently with Felix Partners, a financial advisory firm based in New York. Mr. Zappulla has over 25 years experience in investment banking, M&A and executive management. He received his MBA from Suffolk University's Sawyer Business School in Boston and has worked with several leading firms including Donaldson, Lufkin and Jenrette, S.G. Warburg & Co. and American Express. He is currently CEO of Grannus Financial Advisors Inc. in New York. Commenting on the board appointments, Christopher Robertson, chief executive officer of Viridis Energy, said, "As we launch the capacity from our newly acquired Nova Scotia facility during the second half of 2012, we have the opportunity to enter an accelerated growth era for Viridis. Both Noah and Joe bring financial expertise and experience in corporate structuring to our board of directors. We are very pleased to welcome individuals of this caliber and build upon the experience base we currently have in place. We look forward to their contribution to Viridis board." Mr. Robertson commented on the outgoing directors, "John Heimbecker and Alphonse Placktis have provided guidance and support to Viridis as board members. We thank them for the time served and wish them continued success." ----------------------------------- |Company Contact: | | | |Michele Rebiere | | | |Chief Financial Officer | | | |Viridis Energy Inc | | | |905-847-5226 | | | |investorinfo@viridisenergy.ca| | | ----------------------------------- About Viridis Energy Inc. Viridis Energy Inc. (TSXV: VRD) is a publicly traded, "Cleantech" alternative energy company specializing in the agricultural and wood waste biomass. Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing Inc., Okanagan Pellet Company Inc. and Scotia Atlantic Biomass Company, thus providing the Company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca. Forward-looking Statements Certain of the statements made in this news release may contain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934 and forward-looking information within the meaning of applicable Canadian securities law. Forward-looking statements and forward-looking information include, but are not limited to, statements or information with respect to anticipated future growth and production capabilities of the recently acquired manufacturing facility in Nova Scotia. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to finance the start-up operations in Nova Scotia in a timely manner (6) inability to retain key management and employees, (7) an increase in the number of competitors with larger resources, and (8) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company does not intend to update such forward looking information unless required to do so by applicable laws. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian securities regulators. 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. - ### Copyright (c) 2012 Thenewswire.ca - All rights reserved.