Statement from Pacific Blue Energy Corp. (OTCBB: PBEC)

PHOENIX, Aug. 24 /PRNewswire-FirstCall/ - In response to a request from the Alberta Securities Commission to appear at a September proceeding regarding allegations of misconduct, Joel Franklin, chief executive officer of Pacific Blue Energy Corp. (OTCBB: PBEC) made the following statement, "We believe that we were unfairly included in this investigation as our foundation of professional directors and advisors adhere strictly to all regulations. We take these allegations seriously and believe we will be fully exonerated once the ASC has examined our record. Naturally, we will fully cooperate with the authorities to bring this unfortunate matter to a swift resolution so that we may continue with our initiatives in the renewable energy field."

About Pacific Blue Energy Corp.

Pacific Blue Energy Corp. (PBEC) is a publicly traded solar energy company that seeks to build and manage large renewable energy projects. PBEC's goal is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. Headquartered in Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market.

More information is available at [ www.PacificBlueEnergyCorp.com ].

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SOURCE Pacific Blue Energy

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