FOR IMMEDIATE RELEASE…Vancouver, British Columbia: 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

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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