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Mustus, Lockheed Martin build Alberta biomass plant

Feb 16. 2012, Calgary, AB - Mustus Energy Ltd. will work with Lockheed Martin to build a 41.5 megawatt biomass power plant in La Crete, a forest community in northern Alberta. The project, to be developed by Mustus Energy with Lockheed Martin's support in procuring materials, equipment and other services, will provide enough power for over 30,000 homes.


February 16, 2012
By Scott Jamieson

Lockheed Martin also will manage the construction of the
plant, which is planned to commence this spring, all part of the company's increased investment in renewable energy. The biomass facility is
expected to begin commercial operations by the fall of 2013, and will
provide base-load electrical power to the Alberta grid. As feedstock,
Mustus Energy plans to use the tops of aspen trees that would otherwise
be discarded as waste after the trunks are processed into lumber and
other products at local mills.

"Adding Lockheed Martin to our team will help ensure the
success of this and future similar projects. We are impressed with the
level of support and expertise that Lockheed Martin brings to the Mustus
team," said Ross Maxwell, chief executive officer, Mustus Energy Ltd.

"The La Crete biomass facility will provide Alberta with a
domestic, secure power source, while preserving the environment. Working
with Mustus, we will leverage our expertise in project management and
complex systems to ensure the successful development of this facility,"
said Tom Digan, president and general manager of Lockheed Martin Canada.

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Canada is a leader in developing and implementing biomass
technologies. Six percent of Canada's power comes from biomass, making
it the second largest source of the country's renewable energy
generation.

About Mustus Energy

Mustus Energy Ltd. is a clean-energy company that captures
the economic benefit of combining an abundant supply of aspen from the
boreal forest with the capacity-constrained Alberta electricity market.
With this vision, Mustus Energy seeks to bolster local economies and
provide a sustainable job base for surrounding communities. More
information on Mustus Energy can be found at: www.mustusenergy.ca.

About Lockheed Martin

Headquartered in Bethesda, Md., Lockheed Martin is a global
security company that employs about 123,000 people worldwide and is
principally engaged in the research, design, development, manufacture,
integration and sustainment of advanced technology systems, products and
services. The Corporation's net sales for 2011 were $46.5 billion.


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