–        In cooperation with industry design specialists the company created a technical and organizational plan for current and ongoing pellet production expansion;

–        The recent Property Purchase includes 17 acres of land, all existing buildings, recent upgrades completed by the Company and existing infrastructure, currently valued at 5.7million PLN or approximately $2 million CAD;

–        Purchase of a fully automated bagging system for its pellet production lines. The new bagging system is capable of packaging up to 6.3 tonnes per hour or approximately 3,000 tonnes per month, essentially replacing 8 employees and thereby reducing operating costs;

–        A new biomass feedstock dryer, new pellet and hammer mill and conveyor system (brand new production line) has been installed and testing now completed. The Company expects to have all new equipment fully operating in December 2018 and increase overall end to end production capacity to 3,000 tonnes of pellets per month at its Rzeczenica facility;

–        Signed a lease agreement to operate a new pellet production facility in Szczypkowice with existing licenses in place, for an additional production capacity of up to 3,000 tonnes per month.

The Company has also recently purchased an additional hammer mill for the purpose of grinding wood chips into sawdust which provides G2BE with an additional feedstock source for manufacturing wood pellets.  The new hammer mill enables the company to negotiate and purchase both wood waste sawdust and wood chips from the same suppliers.  With the ability to utilize residual wood chips in addition to saw dust the Company now has access to over 5,000 tonnes of feedstock per month to align with its recent increase in production capacity.

The Company’s planned business objectives for 2019 are to establish and increase production in both facilities and integrate a biomass gasification co-generation plant at the facility in Rzeczenica to further reduce operating costs and increase profitability margins.  The company expects to achieve at least 80% of it’s 3,000 tonnes of production capacity per month in its Rzeczenica facility by end of March 2019 and 80% of its production capacity at both facilities by end of June 2019, for a combined total of 4,800 tonnes of pellet production per month at fiscal year end. The Company currently sells its pellets for an average price of 155 EUR/t ($234 CAD/t).

The President, Slawomir Smulewicz stated, “Our number one priority remains the same, which is to steadily increase pellet production, sales and profitability to ultimately create long term shareholder value.  We now have a steady supply of feedstock and with the previously announced addition of our newly leased Facility in Szczypkowice, and the recent upgrades and equipment installations at our current Facility in Rzeczenica, the Company is well positioned to execute on our growth objectives.”

Grant of Stock Options

Pursuant to its incentive stock option plan, the Company has granted an aggregate of 400,000 Stock Options to certain employees and consultants of the Company. The Stock Options are exercisable for Shares on or before November 26, 2023, at an exercise price of $0.10 per Share.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

With the new hammer mill the company is able to negotiate and purchase both wood waste sawdust and chips from the same suppliers.  With the ability to utilize residual wood chips the Company now has access to over 5,000 tonnes of feedstock per month to align with its recent increase in production capacity.

The President, Slawomir Smulewicz stated, “While G2BE’s share price has not been favorable recently, our number one priority remains the same, which is to steadily increase pellet production and sales to ultimately create long term shareholder value.  The new hammer mill assures us of a steady supply of additional feedstock.  With the previously announced addition of our newly leased Facility in Szcypkowice, and the recent upgrades and equipment installations at our current Facility in Rzeczenica, the Company is now well positioned for growth.”

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

 This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

The Agreement is currently for a period of two years, whereby the Facility lease payments for the first 6 months are set at 20 thousand, PLN (or Cdn$6,849) per month, 25 thousand, PLN (or Cdn$8,561) for the next three months, 28 thousand, PLN (or Cdn$9,589) for the next three months and 37 thousand, PLN (or Cdn$12,671.23) per month for the remainder of the term.  The Facility is situated on 1.65ha with one building subdivided into 3 zones for feed stock, production and product inventory.  All existing equipment including pellet machines, a drum dryer, hammer mill and full production line are included in the Agreement. The overall production capacity and existing license allow for up to 3,000 tonnes per month.

The Facility originally opened on December 2, 2013 with CAPEX of 32 million PLN (or Cdn$10,958,904) plus VAT spent on a new building and equipment for the purpose of manufacturing biomass pellets from straw. G2BE is currently negotiating favorable contracts with buyers looking to purchase straw pellets. The existing facility, machines and equipment are easily adaptable if necessary to manufacture wood pellets by changing the pellet machine dies to accommodate residual wood sawdust as feedstock instead of straw.

Management will monitor ongoing demand for biomass pellets made from straw in the short term and if required will replace the Facility’s pellet machine dies to allow for the production of wood pellets from residual sawdust instead.  G2BE will use its existing expertise and relationships with its customers to manufacture and sell wood pellet products from the Facility.  The Court Receiver has submitted a request to the bankruptcy court for approval for G2BE to receive first right of refusal with a fixed purchase price to acquire the Facility and property, should the Company choose to do so at any time in the future during the term of the current Agreement.

The Company’s Chief Executive Officer, Slawomir Smulewicz stated, “We see this as an immediate opportunity to further increase our pellet product offering and production capacity for minimal start up costs.  The new Facility is strategically located with numerous feedstock suppliers nearby, it’s close to both the Kolobrzeg and Gdansk shipping ports and no other competitors are currently operating within a 150km radius. With both production facilities in full operation G2BE will have a total pellet production capacity of approximately 6,000 tonnes per month.”

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to increasing production and growth strategies, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and anticipated future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

The 2018 Eurofins lab analysis report confirms G2BE has met or exceeded all of the required parameters to receive the stringent ENplus certification approval. ENplus A1 is the highest international standard for achieving overall wood pellet quality including, consistency, heat value, supply chain and emission regulations.

Highlights of the lab analysis report where G2BE pellets improved or exceeded standards from last years ENplus A1 audit, include an increase in net calorific value (heat value) to 17.8MJ/kg and a decrease in Ash content to 0.3%. In addition, Sulphur, Lead and Mercury levels remain well below the required ENplus standards and significantly lower than bituminous coal, making G2BE pellets an effective and environmentally friendly alternative for Energy companies producing combined heat and power.

The Company’s Chief Executive Officer, Slawomir Smulewicz stated, “Continuing to meet or exceed ENplus A1 standards, ensures G2BE’s pellets remain in high demand with both new and existing customers, giving the Company a competitive advantage while G2BE continues to execute on increasing production and overall growth strategies.”

Grant of Stock Options

Pursuant to its incentive stock option plan, the Company has granted an aggregate of 1,000,000 Stock Options to certain directors, officers and consultants of the Company. The Stock Options are exercisable for Shares on or before July 10, 2023, at an exercise price of $0.15 per Share.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

G2BE will pay Seeger-Dach a cash payment of 1,903,494 PLN or approximately $670,000 CAD plus applicable (23%) Value Added Tax (“VAT”). The Property Purchase agreement includes 17 acres of land, all buildings, recent upgrades paid by the Company and existing infrastructure, currently valued at 5.7 million PLN or approximately $2 million CAD.

At this property location the Company utilizes and operates its 27,000 sq/ft pellet production facility and warehouse, as well as three other buildings currently used for office space, employee housing and storage.  Other key features of the property include an electrical substation recently upgraded by the Company, capable of transmitting up to 3.5MW of electricity to the grid.

The official close of transaction will occur once the company has received its VAT opinion from the Polish courts and tax authority. All of the VAT required or determined to be paid by the Company as a result of the Property Purchase will be refundable upon filing its VAT return after close of transaction.

Other incentives attributed to the Property Purchase from Seeger-Dach include a three-year property tax holiday, fully sub-dividable, employment subsidies for certain labour costs on the premises, and guaranteed power purchase agreements for any electricity generated from biomass or renewable sources.

The Company’s Chief Executive Officer, Slawomir Smulewicz stated, “This is a major step for the Company as it ensures G2BE’s ongoing operations will remain and continue to grow in the strategic dense forest region that surrounds our facility. This purchase also facilitates one of the Company’s key growth objectives for future installation of its proprietary gasification technology to generate and sell electricity to the grid and providing G2BE with an additional revenue source. As well as acting as a show case for demonstrating our gasification technology to potential customers.”

Grant of Stock Options

Pursuant to its incentive stock option plan, the Company has granted an aggregate of 400,000 Stock Options to certain directors, officers and consultants of the Company. The Stock Options are exercisable for Shares on or before June 19, 2023, at an exercise price of $0.15 per Share.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

The new bagging system is capable of packaging up to 6.3 tonnes per hour or approximately 3,000 tonnes per month, essentially replacing 4 employees and thereby reducing operating costs.  The new bagging system and robotic arm are to arrive and scheduled to be installed by June 25, 2018.

Equipment Delivery – Update

The new Dryer previously announced is scheduled to arrive July 6, 2018, followed 10 days later by the new pellet and hammer mill recently ordered.  The Company expects to have all new equipment installed by end of July increasing overall end to end production capacity to 3,000 tonnes of pellets per month.  The Company currently sells its ENplus A1 wood pellets for approximately $210 per tonne.

The President, Slawomir Smulewicz stated, “Any steps we can take to automate our production line is beneficial to maximizing operational efficiencies and reducing production costs. Once all of our new equipment installations and facility upgrades are complete at the end of July, we will immediately ramp up production going forward to meet our growing customer demand.”

Grant of Stock Options

Pursuant to its incentive stock option plan, the Company has granted an aggregate of 3,000,000 Stock Options to certain directors, officers and consultants of the Company. The Stock Options are exercisable for Shares on or before June 13, 2023 at an exercise price of $0.15 per Share.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

The company, in cooperation with industry design specialists is in the process of creating a technical and organizational plan for not only ongoing pellet production expansion but the addition of the Company’s planned business objective to integrate a biomass gasification co-generation plant.

As a result of preliminary analysis, the company will have 2 independent production lines. The new fully automated production line will have initial production capacity of 1200 tonnes per month and will be extended by the end of 2018 to the level of 3600 tonnes of production per month. The current production line will maintain its monthly capacity at the 1800 tonnes per month level. As a result of this organizational change, the planned total production capacity of the plant in Poland, by the end of 2018, will reach 5,400 tons per month or 64,800 tons of pellets per year.

The President, Slawomir Smulewicz stated, “I am extremely satisfied with the proposed plan provided by our advisors.  Their knowledge and experience will allow Green 2 Blue Energy to optimize the use of our financial resources and operational facilities.  The proposed integration of a biomass gasification co-generation plant will dramatically reduce operating costs, as the gasification system not only generates electricity for our own purposes but the exhaust heat from the generators can be used to dry our raw feedstock delivered to our facility, making it production ready.”

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

 This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

The Company has recently ordered one additional pellet mill, a hammer mill and a commercial drum dryer for drying it’s raw feedstock and expects the new equipment and machines to arrive and be installed in the coming weeks.

The President, Slawomir Smulewicz stated, “this is a big step for us as it almost doubles our overall production capacity to above 3,000 tonnes a month and allows the Company to fulfil it’s pending purchase orders from power producers for delivery of commercial pellets.”

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

Pursuant to the Offering, the Company issued 14,266,665 Units at a price of $0.30 per Unit. Each Unit consisted of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”), whereby each Warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) at a price of $0.35 per Warrant Share for a period of 18 months from the date of issuance.  The proceeds received from the Offering will be used to complete facility upgrades, equipment purchases and for general working capital of the Company.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

 For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

Each Unit will consist of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.35 per Warrant Share for a period of 18 months from closing of the Offering.

The Company may pay finder’s fees in connection with the Offering.  Closing of the Offering is subject to receipt of all necessary regulatory approvals.

About G2BE

G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.

On Behalf of the Board of Directors

“Slawek Smulewicz”

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

Director, Corporate Communications

Telephone: (604) 539-5023

The CSE has neither approved nor disapproved the information contained herein.

This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including statements relating to the Company’s intention to complete the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the Offering may not close for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities) or that the terms of the Offering may differ from those that currently are contemplated. The Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.