ADA-ES Joint Venture Finalizes Contract with New Refined Coal Investor

  ADA-ES Joint Venture Finalizes Contract with New Refined Coal Investor

 Contract provides upfront cash payment of $20M and expected annual operating
   income of more than $12M to the JV and eliminates $12M annual operating
            expense incurred by the JV while it operated the unit.

Business Wire

HIGHLANDS RANCH, Colo. -- February 28, 2013

ADA-ES, Inc. (NASDAQ: ADES) (“ADA”) announced that Clean Coal Solutions, LLC
(“CCS”), ADA’s joint venture (JV) with an affiliate of NexGen Resources
Corporation, and an affiliate of The Goldman Sachs Group, Inc., has finalized
the contract for a fifth Refined Coal (RC) facility with a new RC investor.
The RC facility, which uses ADA’s M-45^TM technology, is located at a power
plant that has historically burned about three and a half million tons of coal
per year. CCS has operated this facility for the past nine months during
negotiation of definitive agreements and the restructuring of debt related to
the power plant. During this period, the RC facility generated tax credits for
the JV’s own use at a cost of approximately $1M per month to CCS. ADA expects
to receive cash from the JV of approximately $10M as a result of the
transaction, including previously deferred intercompany payments.

Dr. Michael D. Durham, President and CEO of ADA said, “We are very excited
about completing this transaction with this new RC investor and look forward
to a productive long-term relationship with them. As well, the transaction is
generating significant cash flows for ADA and enabling us to provide a power
generating customer with economic benefits resulting from the use of the
technology, including decreased operating costs and decreased emissions of NOx
and mercury.”

About ADA

ADA is a leader in clean coal technology and the associated specialty
chemicals, serving the coal-fueled power plant industry. Our proprietary
environmental technologies and specialty chemicals enable power plants to
enhance existing air pollution control equipment, minimize mercury, CO[2 ]and
other emissions, maximize capacity, and improve operating efficiencies, to
meet the challenges of existing and pending emission control regulations.

With respect to mercury emissions:

  *Through our consolidated subsidiary, Clean Coal Solutions, LLC (“CCS”), we
    provide our patented Refined Coal (“RC”) CyClean™ technology to enhance
    combustion of and reduce emissions of NOx and mercury from coals in
    cyclone boilers and our patent pending M-45™ and M-45-PC™ technologies for
    Circulating Fluidized Boilers and Pulverized Coal boilers respectively.
  *We supply Activated Carbon Injection (“ACI”) and Dry Sorbent Injection
    (“DSI”) systems, mercury measurement instrumentation, and related
  *Under an exclusive development and licensing agreement with Arch Coal, we
    are developing and commercializing an enhanced PRB coal with reduced
    emissions of mercury and other metals.

In addition, we are developing CO[2] emissions technologies under projects
funded by the U.S. Department of Energy (“DOE”) and industry participants.

This press release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, which provides a "safe
harbor" for such statements in certain circumstances. The forward-looking
statements include statements or expectations regarding expected future RC
projects and contracts, future income and cash flows, expected benefits for
the RC customer and related matters. These statements are based on current
expectations, estimates, projections, beliefs and assumptions of our
management. Such statements involve significant risks and uncertainties.
Actual events or results could differ materially from those discussed in the
forward-looking statements as a result of various factors, including but not
limited to, changes in laws, regulations and IRS interpretations or guidance,
economic conditions and market demand; timing of laws, regulations and any
legal challenges to or repeal of  them; failure of the RC facilities to
produce coal that qualifies for tax credits; termination of or amendments to
the contracts for RC facilities; decreases in the production of RC;
availability, cost of and demand for alternative tax credit vehicles and other
technologies; technical and operational difficulties; availability of raw
materials and equipment; loss of key personnel; intellectual property
infringement claims from third parties; and other factors discussed in greater
detail in our filings with the Securities and Exchange Commission (SEC). You
are cautioned not to place undue reliance on such statements and to consult
our SEC filings for additional risks and uncertainties that may apply to our
business and the ownership of our securities. Our forward-looking statements
are presented as of the date made, and we disclaim any duty to update such
statements unless required by law to do so.


ADA-ES, Inc.
Graham Mattison
Vice President, Investor Relations
(646) 319-1417
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