Primary Energy Recycling Agrees to Appoint Two New Directors

         Primary Energy Recycling Agrees to Appoint Two New Directors

PR Newswire

OAK BROOK, IL, June 11, 2013

OAK  BROOK,  IL,  June  11,  2013  /PRNewswire/  -  Primary  Energy  Recycling 
Corporation (TSX: PRI),  a clean  energy company that  generates revenue  from 
capturing and recycling recoverable heat and by-product fuels from  industrial 
processes, today announced  that it has  entered into an  agreement with  MSDC 
Management, L.P., West  Face Capital Inc.,  Kingstown Capital Management  L.P. 
and Cumberland Private Wealth Management Inc. (the "Shareholders") to  appoint 
two new independent directors  to the board  following the Company's  upcoming 
annual meeting of shareholders on June 13, 2013. The Shareholders collectively
own, or exercise  control or  direction over,  54.0% of  the Company's  common 
shares.

At the upcoming annual meeting, shareholders will still be asked to elect  the 
Company's seven nominees, as set  out in the Company's management  information 
circular in respect of the meeting. The Shareholders have agreed to vote their
shares in favour of the Company's nominees at the meeting.

The Company has agreed  that promptly following  the upcoming annual  meeting, 
Mr. Christopher Pickwoad will resign from the board and the size of the  board 
will be increased  from seven  directors to  eight directors.  The board  will 
appoint Messrs. Robert A. Peiser and  Brian Redmond to fill the two  resulting 
vacancies, and Mr. Peiser will replace  Mr. Michel Lavigne as Chairman of  the 
Company's board of directors.

The Company has also agreed that, within 30 days of the Company entering  into 
a renewal agreement in respect of its Cokenergy project, one of Messrs. Rodney
Boulanger, Michel Lavigne, Donald  Pether or Lorie  Waisberg will resign  from 
the board, and the board will thereafter comprise seven directors.

"With the recent long  term renewals of two  contracts and the termination  of 
the management  agreement,  we have  successfully  moved the  Company  into  a 
position to grow within the  waste heat to power  and combined heat and  power 
industry," stated Michel Lavigne.  "Moving forward, we  will look to  leverage 
the energy, manufacturing and capital  markets experience that Mr. Peiser  and 
Mr. Redmond bring to the table. Along with the recent appointment of Mr. Brian
Greene, we have a Board with  strong energy and industry experience that  will 
support the Company's growth initiatives."

Mr. Lavigne has been the Chairman of the Company's board of directors for  the 
past eight years.

Robert A. Peiser: Mr. Peiser has broad and deep experience with companies in a
variety of  domestic  and  international industries  and  has  helped  enhance 
shareholder value at many companies.  Mr. Peiser currently serves as  Chairman 
of USA  Truck,  Inc.,  a  NASDAQ-listed  company  which  has  introduced  many 
transformational activities  to effect  improved operations  since he  assumed 
that post. From  2008 to 2010,  he served  as Chairman and  CEO of  Omniflight 
Helicopters, an air medical services  provider based in the Dallas/Fort  Worth 
area, and formerly served as President and CEO of Imperial Sugar Company  from 
2002 to 2008,  which, during his  tenure, saw a  very significant increase  in 
shareholder value.  He  is also  the  immediate  past Chairman  of  the  Texas 
TriCities Chapter of the  National Association of  Corporate Directors and  is 
also a former director of Solutia, Inc. (NYSE), a specialty chemicals company.

Brian Redmond:  Mr.  Redmond has  more  than 23  years  of experience  in  the 
development, structuring, financing and management of power plants, pipelines,
and gas storage fields, and in the marketing of wholesale power and gas.  Mr. 
Redmond is  a  co-founder of  both  CP Energy  Group  LLC and  Paragon  Energy 
Holdings LLC. Paragon  manages a  portfolio of investments  in energy  assets 
totaling over $350 million in value. While at UBS, Mr. Redmond was responsible
for power marketing and origination. While working at Enron he held  positions 
as President of  Houston Pipe  Line Company, President  of Louisiana  Resource 
Company and as a Managing Director.

About Primary Energy Recycling Corporation
Primary Energy Recycling  Corporation, headquartered in  Oak Brook,  Illinois, 
owns and operates four recycled energy projects and a 50 per cent interest  in 
a pulverized coal facility (collectively, the "Projects"). The Projects have a
combined electrical generating capacity of 298 megawatts and a combined  steam 
generating capacity  of 1.8M  lbs/hour. Primary  Energy Recycling  Corporation 
creates value for its customers by  capturing and recycling waste energy  from 
industrial and electric generation processes  and converting it into  reliable 
and  economical  electricity  and  thermal  energy  for  resale  back  to  its 
customers. For more information, please see www.primaryenergy.com.

SOURCE Primary Energy Recycling Corporation

Contact:

Chief Commercial Officer
Christopher Fanella
630.560.4227
investorinfo@primaryenergy.com

Media and Investor Relations
Adam Peeler
416.815.0700 ext. 225
apeeler@tmxequicom.com
 
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