Plasco Energy announces senior management changes

November 1, 2013, Ottawa, Ont.  – Plasco Energy Group Inc. announced the appointment
of Mr. Raymond Floyd as their new President and Chief Executive Officer. Mr.
Floyd has more than 40 years of industrial experience in several industries,
including executive roles with General Motors, Exxon Mobil and Suncor Energy,
where he was most recently Senior Vice President.

Mr. Roderick Bryden, the Company’s Chairman and CEO since
2005, has been appointed Executive Chairman.

“Plasco has made significant strides in the past several
years in terms of developing the technology to a state of commercial readiness
and creating a strong pipeline of projects. I am excited to lead the Company as
we accelerate the commercial development of projects around the world,” said
Mr. Floyd. “Rod’s service as CEO led this Company to where we are today, and we
are looking forward to his continued involvement in the Company as Executive
Chairman.”

Mr. Floyd is the only person in the energy industry to be
inducted into the U.S. Manufacturing Hall of Fame and the only person in any
industry with Shingo Prize recognition for both Operational Excellence and
Research and Publication, as well as the only person to earn the America’s Best
designation in both discrete and process manufacturing.

“Today, Plasco is well positioned to benefit from a rapidly
growing worldwide market for waste-to-energy conversion,” said Mr. Bryden. “I
am looking forward to turning my focus to being a Member of its Board of
Directors to help ensure Plasco achieves its growth targets and becomes a
leading player in this growing sector. I also want to express my appreciation
to the dedicated and talented team that has built a strong platform over the
last several years.”

Mr. Floyd has been a Director of Plasco since April 2013 and
is also a Director of Karnalyte Resources. He has previously been Director and
Chair of the United Way of Fort McMurray, Events Wood Buffalo, and Exxon’s Houston
Credit Union as well as director of several joint venture boards with Exxon and
Suncor, including the Board of Syncrude Canada.

Mr. Floyd received a Bachelor of Science in Chemical
Engineering, Master of Business Administration and Juris Doctor Degrees, as
well as executive education in Japan and Europe. He is licensed as a
Professional Engineer in the US and Canada, as an attorney at law in the
Supreme Court of the US and as a Patent Attorney in the US Patent and Trademark
Office. Mr. Floyd has two published books in the fields of Operational
Excellence and Corporate Culture.