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EmberClear Corp
Symbol EMB
Shares Issued 72,518,460
Close 2012-01-09 C$ 0.83
Market Cap C$ 60,190,322
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EmberClear unit agrees to buy 350-acre coal property

2012-01-10 06:55 ET - News Release

Mr. Albert Lin reports

EMBERCLEAR SIGNS A LAND OPTION AGREEMENT WITH SWATARA COAL COMPANY

EmberClear Corp.'s subsidiary, EmberClear Reserves Inc., has entered into an option agreement to purchase property with Swatara Coal Company. The property is located in Reilly township, Schuylkill county, Pennsylvania, and consists of approximately 350 acres. Pursuant to the option agreement, EmberClear Reserves has been granted access to the property to conduct studies to determine the suitability of the property for supporting the company's project plans.

The option agreement has a one-year term subject to limited term extension and termination provisions. The option agreement provides that EmberClear Reserves will have the option to purchase the land and all mineral and allowable resources thereunder, including the water rights, rails, rights of way, and/or associated permits. If EmberClear commences coal removal from the land it shall pay a monthly royalty payment for all coal extracted from the land.

"The Swatara property is strategically located near our Good Spring and Walacavage properties," said Albert Lin, chief executive officer of EmberClear. "The opportunity to acquire additional assets supporting our advanced coal projects improves our position in creating economically sound low-emissions energy for this country. We are excited to continue building leading-edge projects in this great Pennsylvania community."

We seek Safe Harbor.

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