Pioneer Exploration Inc. - Corporate Update

SYMBOL  OTCQB:  PIEX

NEWPORT BEACH, CA, Nov. 16, 2011 /PRNewswire/ - Pioneer Exploration Inc. ("Pioneer") acquired all of the issued and outstanding shares in the capital of IBA Green, Inc. from Angelo Scola on October 28, 2011, which included the business assets of IBA Green, including all cash, property, contracts, equipment, goodwill, intellectual property, including all patents registered in the name of IBA Green or the name of any affiliate, and other assets used in or related to the business of IBA Green, for a purchase price of $3.85 million payable by the issuance of 38.5 million restricted shares in the capital of Pioneer.

Change in Directors and Executive Officers
Effective November 14, 2011 Thomas Brady resigned as a Director of Pioneer and effective October 28, 2011 resigned all his offices in Pioneer.  Effective October 28, 2011 Angelo Scola was appointed the President, Chief Executive Officer, Chief Financial Officer, Secretary, and Treasurer of Pioneer and effective November 14, 2011 Mr. Scola was appointed the sole Director of the Company.

Change of Control
Pursuant to the purchase of IBA Green, Mr. Scola was issued 38.5 million restricted shares of Pioneer's restricted Common Stock, equal to 77.4% of the issued and outstanding capital stock of Pioneer in consideration for a 100% interest in IBA Green, Inc.

About IBA Green, Inc.

IBA Green has developed a process to mitigate the environmental issues of the toxic end products of the Waste-to-Energy industry, and has developed a patented process to safely and profitably utilize the toxic end product (the "IBA Technology").  The IBA Technology works in synergy with the Waste-to-Energy industry, converting the toxic end products into commercially viable green construction products.

The IBA Technology was specifically developed to address coal ash and incinerated bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power.  Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually.

For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/

For further details see Pioneer's previous filings with the SEC at http://www.sec.gov/edgar.shtml

On Behalf of the Board of Directors

Angelo Scola

President  & CEO

Contact Angelo Scola
2700 Newport Boulevard Suite 190
Newport Beach, California
92663
telephone:    (877) 700-0422

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that Pioneer expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of Pioneer's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Pioneer's forward-looking statements. Except as required by law, Pioneer disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.   No stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of this release.

SOURCE Pioneer Exploration Inc.