Anergy Capital Issues Corporate Update

Vancouver, British Columbia (FSCwire) - Anergy Capital Inc. (TSX-V: ACA.H) (the “Company”), a capital pool company (“CPC”) pursuant to Policy 2.4 of the TSX Venture Exchange (the “Exchange”), is pleased to announce that the Letter of Intent with Kraken Sonar Systems Inc. (“Kraken”) announced September 11, 2014 has been replaced by a Share Exchange Agreement (the “SEA”).  The SEA incorporates the previously announced terms of the transaction pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Kraken (the “Acquisition”).  Due diligence has been completed and is no longer a condition within the SEA.

Trading of the Company’s shares has been halted in accordance with the Exchange policies in respect of CPCs. The shares will remain halted in accordance with the Exchange policies and the halt is expected to remain until the completion of the Acquisition.

The Company is also pleased to announce that it held its Annual General and Special Meeting of shareholders on November 14, 2014 at which the following items of business were approved:

1. the change of the Company’s name to “Kraken Sonar Inc.” or such other name as may be approved by the Company's board of directors, in its discretion, and as may be acceptable to applicable regulatory authorities;
2. the consolidation of the Company’s outstanding securities on the basis of 2.25 pre-consolidated securities for 1 new post-consolidated security;
3. the continuance of the Company into the federal jurisdiction of Canada;
4. setting the number of directors at four and electing the three incumbent directors and Raj Natarajan;
5. the re-appointment of the incumbent auditors; and
6. the Company's stock option plan.

It is expected that items 1, 2, and 3 will be effected on or before the closing date of the Acquisition.

For further information, please contact:

Responsible Officer:  Harley D. Sinclair, President

Telephone:  (778) 785-0321

Email: anergyinfo@anergy.ca

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance.  There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.  Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All statements contained in this press release about anticipated future events constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate” and  “expect”. Forward-looking statements are subject to business risks and uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2014 Filing Services Canada Inc.