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Press release from CNW Group

Emerald Bay applies for warrant extension

Monday, January 28, 2013

Emerald Bay applies for warrant extension15:05 EST Monday, January 28, 2013CALGARY, Jan. 28, 2013 /CNW/ - Emerald Bay Energy Inc.  (TSX Venture: EBY) (the "Corporation" or "Emerald Bay") today announced that it has made an application to the TSX Venture Exchange (the "Exchange") to extend the term of all share purchase warrants (the "Warrants") that were originally issued on February 17, 2012, from twelve (12) months to eighteen (18) months from the date of issuance in accordance with Exchange policies.  The Warrants that are the subject of the extension application consist of an aggregate of 14,240,000 Warrants, each with an exercise price of $0.10 per Warrant, which were issued in connection with the Corporation's private placement that closed on February 17, 2012.  The foregoing Warrants are set to expire on February 17, 2013, and the application being submitted to the Exchange is to extend the expiry date until August 17, 2013.Completion of the warrant extension is subject to the final approval of the TSX Venture Exchange.ABOUT EMERALD BAYEmerald 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 www.emeraldbayenergy.com.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.SOURCE: Emerald Bay Energy Inc.For further information: Emerald Bay Energy Inc.: President, Shelby D. Beattie, by telephone at (403) 262-6000 or by email at info@ebyinc.com, OR CHF Investor Relations:  Robin Cook, Senior Account Manager, (416) 868-1079 x228, robin@chfir.com. If you would like to receive press releases via email please contact olivia@chfir.com. Please specify "Emerald Bay press releases" in the subject line.