EBY Emerald Bay Energy Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Emerald Bay Energy Inc. (TSX VENTURE:EBY) (the "Corporation" or "Emerald Bay")
reports that it has previously entered into a loan agreement (the "Loan") in the
principal amount of USD$150,000 (the "Loan") with a corporation controlled by a
shareholder of the Corporation (the shareholder controls, directly or
indirectly, approximately 7.74% of the outstanding shares of the Corporation)
(the "Lender"). The Loan was original made to the Corporation in 2012 to assist
with certain drilling commitments of the Corporation and was subsequently
extended and revised on January 1, 2014. The Loan bears interest at a rate of
12% per annum, with a term ending December 31, 2014. At the option of the
Lender, and subject to TSX Venture Exchange approval, the outstanding balance
(or any portion outstanding) may be converted into common shares of the
Corporation at a conversion price of $0.05 per common share.


In addition to industry standard security, the Loan is secured by a promissory
note and security over specific monthly production from certain assets of the
Corporation.


The Loan is subject to the acceptance of the TSX Venture Exchange.

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 our website at www.emeraldbayenergy.com. 


If you would like to receive press releases via email please contact
lauren@chfir.com. Please specify "Emerald Bay press releases" in the subject
line.


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.


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


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

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