Green 2 Blue Files Non-Offering Prospectus and Closes Non-Brokered Private Placement Financing

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Vancouver, British Columbia / TheNewswire / November 20, 2017 – Green 2 Blue Energy Corp. ("G2BE" or the "Company"), announces that on November 20, 2017, the Company filed its final long form non-offering prospectus (the "Prospectus"). The Company also announces that on November 10, 2017, the Company closed a previously announced non-brokered private placement offering of 10,436,700 units (the "Units") at a price of $ 0.10 per Unit for gross proceeds of $ 1,043,670 (the "Financing").

Non-Offering Prospectus

The Prospectus was filed with the securities regulatory authorities in each of the provinces of British Columbia and Alberta and is available under the Company’s profile on SEDAR (www.sedar.com). The Prospectus was prepared in connection with the acquisition of G2BE Canada Inc. and the Company’s application to list its common shares (the "Shares") on the Canadian Securities Exchange (the "CSE"), for which it has obtained conditional listing approval.

The listing of the Shares on the CSE is subject to the satisfaction of certain customary conditions, including receipt by the CSE of all final documentation.

Financing

Each Unit under the Financing is comprised of one common share in the capital of G2BE and one transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share of the Company at a price of $ 0.10 per share for a period of 12 months from the closing of the Financing and thereafter at the price of $ 0.20 per share until the expiry of the period ended 24 months from the closing of the Financing.

The Company intends to use the proceeds of the Financing to fund its wood pellet operations in Poland, its application to list the Shares on the CSE and to cover the filing costs for the Prospectus prepared in connection therewith.

All securities issued pursuant to the Financing are subject to a hold period of four months and one day in Canada from the closing of the Financing. In connection with the Financing, the Company also paid finder’s fees to certain persons that acted as finders for the Company equal to 8% of the gross proceeds raised in the Financing from subscribers introduced to the Company by such finders, which fee was paid in units with the same terms as the Units offered in the Financing.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to produce combined heat and power. G2BE’s wood pellets are sold to biomass energy producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

For further details regarding the Company, readers are referred to the Company’s regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors

Michael Young

Chief Financial Officer and Director

For more information, please contact:

Glenn Little

Corporate Communications

Telephone: (604) 539-5023

Forward-Looking Statements

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "schedules", estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among others, statements as to the Company’s application to list its common shares on the CSE and the filing of the Prospectus in connection therewith, the use of proceeds from the Financing, the anticipated business plans and timing of future activities of the Company and the Company’s ability and success in executing its proposed business plans. Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and uncertainties relating to the inability of the Company, as applicable, to among other things, obtain any required governmental or regulatory approvals, including the final approval of the CSE for the listing of the Shares thereon, permits or financing required to carry out its planned future activities, and the general economic, market or business conditions. These forward-looking statements are made as of the date of this news release and unless required under applicable laws, the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in these forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those beliefs, plans, expectations or intentions will prove to be accurate. Readers should consider all of the information set forth herein and should also refer to other periodic reports filed from time-to-time with Canadian securities regulators. These reports and the Company’s filings are available at www.sedar.com.

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