Pieridae Negotiates a Benefits Agreement With the Mi’kmaq of Nova Scotia

Press Release

CALGARY, ALBERTA — February 4, 2019 — Pieridae Energy Limited (Pieridae) (TSXV: PEA) is pleased to announce that the Nova Scotia Mi’kmaq Benefits Agreement which it negotiated with the Assembly of Nova Scotia Mi’kmaq Chiefs (the Assembly) has now been ratified.

“We are looking forward to collaborating with the Mi’kmaq of Nova Scotia, and their leadership, in realizing for them the benefits of this important project” said Alfred Sorensen, CEO of Pieridae.

This Benefits Agreement establishes the framework under which the Mi’kmaq of Nova Scotia will benefit economically from the development, construction and operation of the Goldboro LNG Project. A Memorandum of Understanding (MOU) signed in 2013 originally outlined the relationship between Pieridae and the Mi’kmaq in Nova Scotia and this new Benefits Agreement underscores Pieridae’s commitment to ongoing engagement and relationship building with the First Nations communities in Nova Scotia.

“Nova Scotia is unceded Mi’kmaq territory and the management of our lands and resources is a priority for our Nation,” said Chief Terrance Paul, Co-Chair for the Assembly of Nova Scotia Mi’kmaq Chiefs. “As we look to ensure responsible development and environmental stewardship that reflect a Mi’kmaq voice, it’s important that we can bridge that gap with industry. This agreement with Pieridae is an example of how companies can respect our Mi’kmaw Rights and Title, and also provide an opportunity for Mi’kmaq participation in development on our lands.”

About Pieridae

Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of integrated energy-related activities, from the exploration and extraction of natural gas to the development, construction and operation of the Goldboro LNG facility and the production of LNG for sale to Europe and other markets.  Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae has 74,527,875 shares issued and outstanding which trade on the TSX Venture Exchange (PEA).

About the Assembly of Nova Scotia Mi’kmaq Chiefs

The Assembly of Nova Scotia Mi’kmaq Chiefs is comprised of all 13 Mi’kmaq Chiefs in Nova Scotia and is the highest level of collective governance for the Mi’kmaq of Nova Scotia.

For further information please contact:

Alfred Sorensen, Chief Executive Officer
Telephone: (403) 261-5900

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