Pacific Blue Energy Corp. Secures Joint Venture with Builder of Solar Energy Projects

PHOENIX, May 10 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB: PBEC), a publicly traded developer of renewable energy projects, today announced that it has entered into a joint venture with another company that has extensive experience in designing and building solar farms.

The company, which will be named later, designs, engineers, builds and installs solar panels on sun-drenched Southwest properties like the 154 acre site near Flagstaff that Pacific Blue Energy Corp. recently acquired.

"This company is a perfect fit for us because they have the experience to build our projects, but have no desire to hold onto the assets, contracts or sell the electricity - all elements that will be part of PBEC's production goals," said Joel Franklin, the Chief Executive Officer of Pacific Blue Energy Corp.

As it develops into a renewable energy provider, Pacific Blue Energy Corp. has sought to partner with professionals with experience in site acquisition, zoning and construction management. The company is also seeking out professionals who have environmental and geotechnical expertise, as well as those who have backgrounds in solar engineering, design, installation, testing and maintenance.

"With each new step, we are methodically and thoughtfully putting all the pieces into place to help us become a leading energy developer here in Arizona and throughout the southwest," Franklin said. "This joint venture moves us even closer to our goal of developing a 20 megawatt solar facility in Northern Arizona - our first of what we hope to be many successful renewable energy projects."

About Pacific Blue Energy Corp.

Pacific Blue Energy Corp. (PBEC) is a publicly traded solar energy company that seeks to build and manage large renewable energy projects. PBEC's goal is to maximize shareholder value through select property acquisition, timely renewable energy facility construction and informed management of those projects. Headquartered in Arizona, one of the prime solar energy markets in the United States, PBEC is positioned to take advantage of technological advances that will drive the coming surge in the U.S. solar generated electricity market.

Safe Harbor for Forward-Looking Statements

Statements that are not statements of historical or current fact constitute "forward-looking statements." Such statements can often be identified by use of words such as "believe," "expect," "estimate," "intend," "anticipate," "plan," to be uncertain and forward-looking. Forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause our actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) future financial results and financing requirements; (ii) our ability to control and manage our growth; (iii) the effectiveness, profitability, and marketability of our current and prospective products and services; (iv) our ability to protect proprietary information; (v), the impact of current, pending, or future legislation and regulation on our industry; and (vi) the impact of competitive products, services, pricing or technological changes. Additional risks and forward-looking statements are set forth from time to time in our filings with the United States Securities and Exchange Commission, including our Annual Reports on Form 10-K and our quarterly reports on form 10-Q, which are available on the Commission's website at www.sec.gov. All forward-looking statements included are made as of the date of this information, and we assume no obligation to update any such forward-looking statements.

SOURCE Pacific Blue Energy