Mr. Jeff Allison reports

HTC PURENERGY INC. (DBA HTC PURENERGY) ANNOUNCES UNAUDITED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER PERIOD ENDING SEPTEMBER 30TH, 2014

HTC Purenergy Inc. has released its unaudited condensed consolidated financial results for the third quarter period ended Sept. 30, 2014.

HTC and its subsidiaries are participating in three commercial market sectors under the following brands, each with strong potential for immediate revenue growth and profitability, namely:

• Energy technologies and carbon dioxide systems market sector: Companies doing business in the energy industry are looking for cost-effective methods and new energy technologies to produce their products, while at the same time being environmentally sustainable and profitable. The energy technologies and CO2 systems market sector's mandate is to develop and commercialize the technologies that satisfy these requirements and to commercialize this product offer worldwide. HTC has developed cost-effective energy technologies and CO2 capture solutions for the power generation, oil and gas, and industrial food-grade CO2 markets that are easier to build, operate and maintain. HTC participates in this sector through its commercial entity: HTC CO2 Systems Corp., under brands LCDesign, PDOengine and Delta Reclaimer System.
• Oil and gas equipment supply and service market sector: The sector has been, and continues to be, a strong growth market in Western Canada and the United States. The sector is focused on providing a complete product line of manufactured oil field equipment. The sector is focused on providing services for oil and gas producers and drilling service contractors in Western Canada and the north-central and northeastern United States. The commercial operating entities servicing this sector are: Pinnacle Industrial Services, MaxxEnergy, and SteelBlast Coatings and Painting Inc. (all operating under the banner of the Maxx Group of Companies Corp.).
• Fertilizer and grain-handling solutions market sector: Today's high-yield fertilizers used in the increasingly larger corporate farming operations in Western Canada demand sophisticated fertilizer-blending systems that can provide the required fertilizer blend in a timely and cost-effective manner. The fertilizer and grain-handling solutions market sector is riding the wave of increased demand for high-throughput, high-capacity fertilizer blending and grain handling in rural Western Canada.

The NuVision fertilizer handling solutions brand supplies fertilizer-handling equipment and constructs high-capacity fertilizer-blending equipment.

The GrainMaxx telescopic swing augers brand supplies and distributes grain transfer augers in Canada and the United States.

Financial results

Selected financial information of HTC is summarized in the attached table. Information provided in the attached table is prepared in accordance with international financial reporting standards.

                              NINE-MONTH FINANCIAL HIGHLIGHTS
                                                                               Nine months         Nine months
                                                                            Sept. 30, 2014      Sept. 30, 2013

Revenue                                                                        $22,538,892         $19,655,695
Net income (loss) from operations                                                $(222,321)           $760,090
Net income (loss)                                                                $(379,871)         $6,330,734
Profit (loss) per common share (weighted                                           $(0.013)              $0.24
average)
Fully diluted profit (loss) per common share                                      $     --               $0.19
(weighted average)*

* Diluted net loss per common share is not presented, as the effect would be anti-dilutive.

For the period, the corporation had operating revenue of $22,538,892 (Sept. 30, 2013: $19,655,695), of which $20,169,160 (Sept. 30, 2013: $18,898,448) came from Maxx Group of Companies operations, and $2,369,732 (Sept. 30, 2013: $757,247) came from engineering and process design. The increase in revenue is attributed to the commencement of work on the Husky/Lashburn project CO2 capture facility, as well as timing and size of projects in respect to the current year.

For the period, the corporation had an operating loss of $222,321 as compared with income of $760,090 from operations for the period ended Sept. 30, 2013. Decrease in operating income is primarily related to the nature and timing of completion of the projects in the order book pipeline, as well as rising operational and compliance costs.

Net loss for the period was $379,871 compared with income of $6,330,734 in the prior year, of which $5,875,816 is not reoccurring. The 2013 income amounts included the results of one-time gains on the disposition of various assets as part of a corporate reorganization of $5,875,816. When the effect of this gain is reversed, the revised 2013 income for comparative purposes is $454,918. The decrease in income is primarily attributable to timing issues, completion of lower margin projects in the order book pipeline, and rising product development and related administrative costs.

Total assets for the period were $28,502,237 compared with $32,302,568 as at Sept. 30, 2013. The primary reasons for the decrease were due to market adjustments resulting in unrealized losses on investments, amortization of goodwill, intangibles patents and operations.

We seek Safe Harbor.