Compliance Energy Corporation - Environmental assessment application filing commences for Raven

 Compliance Energy Corporation - Environmental assessment application filing
                             commences for Raven

PR Newswire

VANCOUVER, March 21, 2013

TSX-V TRADING SYMBOL: CEC

VANCOUVER, March  21,  2013  /PRNewswire/ -    Compliance  Energy  Corporation 
("Compliance" or the  "Company) is  pleased to announce  that its  subsidiary, 
Compliance Coal  Corporation,  on  behalf  of itself  and  its  joint  venture 
partners, I-Comox Coal Inc. (a subsidiary of Itochu Corporation of Japan)  and 
LG  International   Investments  (Canada)   Limited   (a  subsidiary   of   LG 
International Corp. of Korea) has commenced electronic submission and physical
delivery of its joint provincial  application for an Environmental  Assessment 
certificate ("Application")  and its  Federal Environmental  Impact  Statement 
("EIS") for the proposed Raven Underground Coal Mining Project (the "Project")
on Vancouver Island, British  Columbia. The filing  process will be  completed 
when Compliance Coal delivers printed and electronic copies of the over 12,000
page document, which are now being collated and distributed.

"The submission of the  Environmental Assessment Application  and EIS for  the 
proposed Raven  Underground  Coal  Mining Project  marks  another  substantial 
milestone for  the  Company," said  Compliance  Coal President  and  CEO  John 
Tapics. "The Environmental Assessment certificate  is a key approval  required 
for the  Raven Underground  Coal Mining  Project and  we are  now  progressing 
towards that goal on a legislated  timeframe. We are confident that the  Raven 
Underground Coal Mining  Project can  make a significant  contribution to  the 
economy of  Vancouver  Island,  through  the  creation  of  approximately  350 
full-time jobs and a significant number of  spin-off jobs in an area that  has 
had limited new private industry initiatives in the past few years."

The Application/EIS includes detailed  descriptions of the Project,  summaries 
of the  studies conducted  to  assess baseline  conditions, and  an  extensive 
analysis of  potential  direct,  indirect  and  cumulative  effects  including 
activities proposed  to  mitigate  those potential  effects.  The  Application 
addresses key  information  on  wildlife, freshwater  and  marine  ecosystems, 
hydrology,   hydrogeology,   First   Nations   consultation,   and    economic 
opportunities; and is the result of several years of environmental field  work 
and consultation. For  the past several  years, the Project  team has  engaged 
First  Nation  communities  and  Aboriginal  groups,  the  public  and   other 
stakeholders to provide factual information on  the Project and to obtain  and 
incorporate feedback on the proposed Project design.

Once filed,  the Application/EIS  will  be reviewed  for compliance  with  the 
Project's Application  Information  Requirements/EIS Guidelines  by  the  B.C. 
Environmental Assessment Office, the Canadian Environmental Assessment  Agency 
and members of the Project's working  group during a 30-day screening  period. 
After this initial  screening review is  completed and if  the Application  is 
accepted  it  will  be  posted   on  the  Government  of  British   Columbia's 
Environmental Assessment Office  website at www.eao.gov.bc.ca  and the  formal 
180-day review period, as outlined  in Provincial Legislation, will  commence. 
After the  review  period, it  will  be considered  by  the Ministers  for  an 
Environmental Assessment certificate (a statutory 45 day process). Please note
that these  dates  may  be extended  at  any  time upon  the  request  of  the 
Ministries. The federal government will coordinate the review of the EIS  over 
a six month period running in parallel with the province.

About Compliance Energy Corporation

Compliance Energy Corporation is a mining exploration and development company.
Our primary holding is our interest in over 31,000 hectares of coal rights  on 
Vancouver Island, British  Columbia, where  we are focused  on developing  the 
Raven Underground Coal Mining Project of which we are operator and hold a  60% 
interest. The remaining  40% is owned  by I-Comox Coal  Inc. (a subsidiary  of 
Itochu Corporation  of Japan)  and by  LG International  Investments  (Canada) 
Limited (a subsidiary of LG International Corp. of Korea).

The Company also  holds a  number of mineral  exploration properties  totaling 
over 24,000  hectares on  Vancouver Island,  BC which  are 100%  owned by  the 
Company, some subject to certain royalty requirements. Our shares trade on the
TSX Venture  Exchange  under  the  symbol  CEC  and  investor  information  is 
available on our web site at www.complianceenergy.com.

On behalf of the Board of

COMPLIANCE ENERGY CORPORATION

John Tapics
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the Policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

                          FORWARD LOOKING STATEMENTS

This release  contains  "forward-looking  statements" within  the  meaning  of 
applicable  Canadian  securities   legislation.  Forward-looking   statements 
include, but are not limited to, statements that address activities, events or
developments that the Company expects or anticipates will or may occur in  the 
future, future  mineral  exploration  activities,  future  business  strategy, 
competitive strengths, goals, expansion,  growth of the Company's  businesses, 
operations, plans  and with  respect to  exploration results,  the timing  and 
success of exploration activities generally, permitting time lines, government
regulation of exploration  and mining operations,  environmental risks,  title 
disputes or claims,  limitations on  insurance coverage,  timing and  possible 
outcome of any pending  litigation and timing and  results of future  resource 
estimates or future economic studies. Often, but not always,  forward-looking 
statements can  be identified  by  the use  of  words such  as  "anticipates", 
"plans", "planning",  "planned", "expected"  or "looking  forward", "does  not 
expect",  "continues",  "scheduled",   "estimates",  "forecasts",   "intends", 
"potential", "anticipates", "does not anticipate", or "belief", or describes a
"goal", or variation of such words and phrases or state that certain  actions, 
events or results "may", "could", "would",  "might" or "will" be taken,  occur 
or be achieved.

Forward-looking statements  are based  on  a number  of material  factors  and 
assumptions, including  the receipt  of necessary  regulatory approvals,  that 
counterparties to  material agreements  will  duly perform  their  obligations 
there  under,  the  results  of  drilling  and  exploration  activities,  that 
contracted parties provide  goods and/or  services on  the agreed  timeframes, 
that equipment necessary for  exploration is available  as scheduled and  does 
not incur  unforeseen break  downs, that  no labour  shortages or  delays  are 
incurred, that  plant and  equipment function  as specified,  that no  unusual 
geological or technical problems occur, and that laboratory and other  related 
services are available and perform as contracted. Forward-looking  statements 
involve known and unknown risks, future events, conditions, uncertainties  and 
other factors which may cause the actual results, performance or  achievements 
to be materially  different from any  future results, prediction,  projection, 
forecast,  performance   or  achievements   expressed   or  implied   by   the 
forward-looking  statements.   Such  factors   include,  among   others,   the 
interpretation and actual results  of current exploration activities;  changes 
in project  parameters as  plans  continue to  be  refined; future  prices  of 
minerals; possible variations in grade or recovery rates; failure of equipment
or processes to operate as anticipated;  the failure of contracted parties  to 
perform; labour disputes  and other risks  of the mining  industry; delays  in 
obtaining  governmental  approvals  or  financing  or  in  the  completion  of 
exploration, as  well as  those factors  disclosed in  the company's  publicly 
filed documents.  Although the  Company has  attempted to  identify  important 
factors  that  could  cause  actual  actions,  events  or  results  to  differ 
materially from those  described in forward-looking  statements, there may  be 
other factors that cause actions, events or results not to be as  anticipated, 
estimated  or  intended.  There  can  be  no  assurance  that  forward-looking 
statements will prove  to be  accurate, as  actual results  and future  events 
could  differ   materially  from   those  anticipated   in  such   statements. 
Accordingly, readers  should  not  place  undue  reliance  on  forward-looking 
statements.

SOURCE Compliance Energy Corporation

Contact:

Greg Werbowski, Investor Relations at 604-689-0489
 
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