Mr. Slawek Smulewicz reports

MICROCOAL RECEIVES CASH PAYMENT FROM INDONESIA POWER COMPANY TO COMMENCE CONSTRUCTION OF COAL UPGRADING FACILITY

Microcoal Technologies Inc., further to its news release dated July 29, 2013, has received the project advance from PT Wijaya Tri Utama required under terms of the master agreement between PWTU and the company. The remaining balance will be secured by an irrevocable letter of credit arranged by PWTU, acceptable to Canadian Imperial Bank of Commerce, for the benefit of Microcoal.

Slawek Smulewicz, chief executive officer and director of the company, states: "We are very excited to be moving forward with PT Wijaya Ti Utama on this vital project. We look forward to working closely with their capable and dedicated team as construction of this facility gets under way. We expect this to be just the first in a number of international projects as we begin to roll out this transformational technology globally."

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