EBY Emerald Bay Energy Inc

Emerald Bay Energy Inc. (TSX VENTURE:EBY) (the "Company" or "Emerald Bay") is
pleased to provide an update on recent activities in Texas.


At Wooden Horse, the Company continues to fine tune the production procedures of
the Horizontal Edwards well, Kuhn 1H. The current submersible pump has been in a
horizontal position since mid-October, and has provided good oil shows. The
Company's engineers have determined that an additional stage will need to be
added to the submersible pump to move the fluid volume necessary for a good oil
cut. This procedure is planned to take place immediately and it is anticipated
that the well will be back online by Friday, December 20th. Emerald Bay
President, Shelby D. Beattie, expounded, "The additional stage being added to
the pump should enhance the fluid volume being produced daily. We anticipate
that the increased fluid volume will have a corresponding increase in the oil
cut as we move toward establishing oil production at Kuhn 1H."


Also at Wooden Horse, the Company is moving ahead with a stimulation program on
the vertical well Kuhn 2 in the Edwards formation. This is a key step in the
development of the Edwards play at Wooden Horse.


At Cottonwood Creek, the Poenitz 1 well is now producing oil and the Company is
moving ahead with plans to drill Poenitz 2 in the coming weeks. 


At Nash Creek, the Company has received the permit to injectsalt water on its
Nash Creek property. Similar to the development of the Wooden Horse play, the
salt water disposal well is the key initial step for developing the Nash Creek
play. The Company will now move forward with its seismic and geophysical program
at Nash Creek..


About Emerald Bay

Emerald 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 www.emeraldbayenergy.com.


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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.


Forward-Looking Statements 

This press release includes statements that may constitute "forward-looking"
statements, usually containing the words "believe," "estimate," "project,"
"expect", "plan", "intend", "anticipates", "projects", "potential" or similar
expressions.. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. Forward-looking statements are statements that are
not historical facts.


Information inferred from the interpretation of drilling results may also be
deemed to be forward looking statements, as it constitutes a prediction of what
might be found to be present when and if a well is actually developed. BOE's may
be misleading, particularly if used in isolation. A BOE conversion ratio of 6
Mcf: 1 Bbl is based on energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the wellhead.
The reader is cautioned that assumptions used in the preparation of such
information, which are considered reasonable by Emerald Bay at the time of
preparation, may prove to be incorrect. Actual results achieved will vary from
the information provided and the variations may be material. There is no
representation by Emerald Bay that actual results achieved will be the same in
whole or part as those indicated in the forward-looking statements.
Forward-looking statements in this document include statements regarding the
Company's exploration, drilling and development plans, the Company's
expectations regarding the timing and success of such programs. In particular,
forward-looking information in this news release includes, but is not limited
to, statements with respect to: pipeline acquisitions and leasing; pipeline
permits, pipeline construction, production estimates, drilling operations,
completion operations, funding and development goals. Although we believe that
the expectations reflected in the forward-looking information are reasonable,
there can be no assurance that such expectations will prove to be correct. We
cannot guarantee future results, level of activity, performance or achievements.
Consequently, there is no representation that the actual results achieved will
be the same, in whole or in part, as those set out in the forward-looking
information. Factors that could cause or contribute to such differences include,
but are not limited to, fluctuations in the prices of oil and gas, uncertainties
inherent in estimating quantities of oil and gas reserves and projecting future
rates of production and timing of development activities, competition, operating
risks, acquisition risks, liquidity and capital requirements, the effects of
governmental regulation, adverse changes in the market for the Company's oil and
gas production, dependence upon third-party vendors, and other risks detailed in
the Company's periodic report filings with the applicable securities regulators.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Emerald Bay Energy Inc.
Shelby D. Beattie
President
(403) 262-6000
info@ebyinc.com
www.emeraldbayenergy.com


CHF Investor Relations:
Robin Cook
Senior Account Manager
(416) 868-1079 x228
robin@chfir.com

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