The acquired assets include 20 buildings on four properties with a total of 157 acres and a separate 22 acre wood lot. The facilities house five pellet presses with the capacity to produce 110,000 tonnes of wood pellets, annually, and is the largest wood pellet manufacturing plant in Atlantic Canada. In addition, Enligna has an established reputation with customers in Europe and key relationships with raw material suppliers.

The Subsidiary obtained a $2.5 million short-term bridge loan (the "Loan") to fund the acquisition. The Loan carries an interest rate of 6% per annum and is repayable onor before March 31, 2012. The Loan is secured by a demand mortgage charging the Subsidiary's assets, as well as secured guarantees granted by Viridis and Okanagan Pellet Company Inc., another wholly owned subsidiary of the Company. The Company intends to repay the Loanusing a more permanent source of funds, the negotiations for which are currently underway.

"We are acquiring a turnkey-ready operation with a skilled workforce on the East Coast of the continent where wood pellet use is highest, not to mention the proximity to seaports for exporting to our European customer base. The business community has been verysupportive of Viridis to date, and we look forward to creating jobs and helping enhance the local economy," said Christopher Robertson, Viridis' chief executive officer, commenting on the acquisition. "We anticipate this acquisition will reduce our final cost of goods delivered to both our East Coast customers as well as our growing industrial customer base throughout Europe. The demand for wood pellets as a fuel source for power generation has expanded overseas in response to government policies requiring renewable energy sources to represent an increasing percent of energy consumption."

Mr. Robertson added, "We expect the plant to be fully operational later this quarter and will resume business as Scotia Atlantic Biomass Company."

About Viridis Energy Inc.

Viridis Energy Inc. is a publicly traded, "Cleantech" alternative energy company specializing in the agricultural and wood waste biomass. Headquartered in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass Companyfocusing on the marketing, distribution and manufacturing of wood pellets and other renewable biomass. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca.