Sunvault Energy Announces New President and Enters into two First Nation Agreements

KELOWNA, BC, March 17, 2015 /PRNewswire/ - SUNVAULT ENERGY INC. ("Sunvault") ("the Company") (SVLT) is pleased to announce the appointment of Trent Blind to the role of President of Sunvault Energy Inc. Trent Blind has been instrumental in the companies' continued success within First Nations. Over the next decade it has been estimated that more than 600 major resource projects, worth approximately $650 billion, are planned for Canada, and First Nations communities have a unique opportunity to benefit from these developments.

Trent is currently the Chairman of the Ermineskin Cree Nation group of companies and Advisor and Consultant to Ames Construction Canada ULC and Simplex Grinnell. Mr. Blind's past clients include his acting in the role of Advisor and Consultant to ATCO Structures & Logistics Ltd and ATCO Sustainable Communities Inc.  

Mr. Blind served Aboriginal communities throughout the Province of Alberta and the Northwest Territories in his role as one of the founding Senior Managers of Aboriginal Banking with the Bank of Montreal. He played a strategic role in guiding the Bank of Montreal in establishing a billion dollar portfolio with various Aboriginal communities throughout Canada.

Trent is also the founding President & CEO of George Gordon First Nation Holdings Inc. the former parent business development company for the George Gordon First Nation. Under the direction of a seven member board, Trent completed a two year contract and was responsible for implementing the company's strategic initiatives that included a large scale wind farm assessment, oil and gas exploration and the negotiation and signing of a variety of industry partnerships and joint ventures designed to maximize the socio-economic opportunities associated with potash projects in the surrounding region.  As a consequence of these efforts, the company's joint venture with ATCO Structures & Logistics (ASL) led to the largest Canadian contract ever awarded to ASL in its 65-year history. Since setting up these strategic industry partnerships and joint ventures, all of them have won contracts at BHP Billiton's Jansen Mine and the K+S Legacy Mine – Saskatchewan's newest Greenfield potash mines in over 40 years.

http://cjme.com/story/joint-venture-jansen-mine-housing-project/47343

http://finance.yahoo.com/news/atco-awarded-camp-management-contract-225407777.html

http://www.atcosl.com/en-ca/Media-Room/News-2012/030512-ATCO-Building-Workforce-Housing-Camp-for-BHP

In past years, Trent completed a four-year contract as the Chief Financial Officer for the Siksika Nation's economic and business development arm. During his appointment as Chief Financial Officer, the group of companies' assets grew from $14 million in market value to in excess of $100 million.

Trent has served as a Senior Advisor to the Western Cree Tribal Council in representing their socio-economic and business development interests in the proposed $6 billion Enbridge Gateway Pipeline Project.  He has in past years also served as the Chief Negotiator and Senior Advisor to the Akaitcho Treaty 8 Chiefs in representing their socio-economic and business development interests in the Ekatai Diamond Mine owned and operated by BHP Billiton - the largest resource and mining company in the world.

Trent has also held positions with a few federal government departments including Immigration Canada, Revenue Canada and Indian & Northern Affairs Canada. 

Over the years Trent has participated in a number of community events and has made several presentations to numerous organizations in raising the public's awareness of Aboriginal issues. He has been a director with a number of local, regional and national Aboriginal organizations including the Canadian Aboriginal Science and Technology Society, the Calgary Chamber of Commerce's Aboriginal Opportunities Committee, the Canadian Council for Aboriginal Business (Alberta Chapter), Petromin Resources Ltd., a public company listed on the TSE Venture Exchange and was past chairman of the Metis Economic Development Corporation.  He is currently the chairman of Treaty 7 Economic Development Corporation's Investment Committee. Trent is the President and Principal owner of Aboriginal Financial Services Corporation, a senior advisory and executive management consulting services firm.

Trent is a Treaty Indian from the Gordon's First Nation in the Treaty 4 area of southern Saskatchewan.  He attended the University of Alberta and the University of Regina and has earned two degrees: a Bachelor of Arts, Economics (Special) from the University of Alberta and a Bachelor of Administration from the University of Regina.  He majored in economics and finance and is a CMA Associate.

"We are very pleased to welcome Trent to the role of President of Sunvault Energy", stated Gary Monaghan, Chief Executive Officer of  Sunvault Energy Inc. "Trent has valuable experience, connections and intelligence right in the markets we are focusing our concentration on for infrastructure projects", he commented.

"I am pleased to join Sunvault Energy in the role of President", stated Trent Blind. "We have accomplished a lot in this past year and I look forward to contributing to expedite our growth from both a cash flow revenue producing basis to moving our significant technology forward", he added.

The Company is also pleased to announce that it has entered into a limited partnership agreement with Halalt First Nation to form Halalt Transportation General Partner Limited. This partnership will focus on the many trucking opportunities that exist on and through Aboriginal lands. The partnership will utilize First Nations employees and will provide training and employment as owner /operators. As Halalt Transportation General Partner Limited grows, it is expected to expand in the areas of maintenance and fuel operations.

Aboriginal Power Corp, an incubation company for Sunvault Energy Inc. has signed a Memorandum of Understanding with the Muscowpetung Saulteaux First Nation of the Province of Saskatchewan. The agreement is to pursue the development of a commercially viable solar power project under a limited partnership structure to be located on Muscowpetung Saulteaux First Nation lands. The development of the project will include supporting power purchase agreements with the Governments of Saskatchewan and Canada and other industrial entities operating on Muscowpetung Saulteaux First Nation lands. The MOU will move as agreed by the parties to a more formal agreement, with the date to be determined between the parties.

About Sunvault Energy Inc.

Sunvault Energy Inc. is committed to bringing cost effective energy generation and energy storage to the solar industry through a seamless and novel integration of energy generation and storage. This technical approach is a first and has the potential to enable the lowest overall system cost at maximum efficiency. SunVault has further diversified by acquiring companies or assets that are immediately accretive and that will facilitate into the owning of quality non-cyclical assets.

For more information, visit the Sunvault Energy website at http://www.sunvaultenergy.com/ and/or [email protected].

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that working with Universities will expedite Sunvault technology into real world applications, the ability to reduce the required footprint and cost associated to traditional solar energy generation, collection and storage, or that the technology has the potential to revolutionize how solar energy is generated, stored and utilized.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, our ability to achieve the expected benefits from the development agreement. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

SOURCE Sunvault Energy Inc.

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