Pieridae Energy held its Annual General Meeting on June 18, where CEO Alfred Sorensen provided an update on the company's business, including its flagship Goldboro LNG Project. Sorensen told shareholders and employees work continues on the project, with a primary focus on continuing to speak with contractor KBR to progress design work and cost analysis in anticipation of a final investment decision. "We need to focus on completing our work with KBR and also look at further acquisitions to round out the natural gas needed for train 1 at Goldboro. We continue to move forward on both fronts." Sorensen adds the biggest advantage Goldboro has is that no new pipelines are needed to move the gas to the East Coast. Pieridae has agreements with TC Energy on very advantageous tolls to transport the gas through its existing pipeline system. "We are excited to transport clean-burning natural gas globally to decrease emissions and create good paying jobs for Canadians," concluded Sorensen.

On the first day of the Global Petroleum Show in Calgary, Pieridae's CEO Alfred Sorensen was part of a keynote panel that discussed gas and LNG and how it is changing our energy future. Total demand for oil and gas is expected to rise by 30 per cent between now and 2040, and LNG demand could double by 2030. Sorensen, along with industry leaders from Shell, Peyto Exploration & Development, and the B.C. LNG Alliance offered insight into the opportunities and obstacles facing Canada as it attempts to play a role in supplying the globe with much-needed natural gas. All agreed natural gas can change the lives of many globally who currently have no access to clean-burning, inexpensive fuel to heat their homes and cook their food.

Our Goldboro LNG SVP Martin Belanger did a great job talking to groups of enthusiastic youngsters at the Global Petroleum Show about LNG . The program was called "Young GPS: The Future of Energy". As Martin has said, the energy sector is one of the largest contributors to our Canadian GDP, and a global example of an innovative, ethically, environmentally and sustainably responsible, highly regulated and leading-edge industry. Some local top performing students between the ages of 12-17 were invited to participate in a one-of-a-kind afternoon program where they met industry experts to learn how the newest technological advancements are influencing the industry and how a future career in the industry can contribute to Canada’s future global leadership position.

Pieridae's CEO Alfred Sorensen was featured on Danielle Smith's QR77 live radio show on June 7 where he talked about the prospects for LNG development in Canada, with a focus on Pieridae's US$10 billion Goldboro LNG Project. Goldboro is Canada's best bet for LNG development off the East Coast, where stranded Alberta gas would be shipped to an export facility in Nova Scotia, liquefied and sold to global markets, creating thousands of jobs in Alberta and Nova Scotia.

“I was pleased we started the year off by signing a benefits agreement with the Nova Scotia Mi’kmaq, building on the respectful relationship we have worked to build with them for a number of years,” said Pieridae Energy CEO Alfred Sorensen. “The milestones this quarter dovetailed into work that continues to finalize an agreement with a contractor to build the Goldboro LNG facility, and also our ongoing efforts to secure the natural gas supply needed to supply the first facility or train at Goldboro.”

Our President and CEO Alfred Sorensen had the opportunity to engage with long-time business reporter Mario Toneguzzi to talk about Pieridae Energy, its key Goldboro LNG project, and how development of the LNG export facility continues to move forward.

Take a fly-over of Pieridae Energy's site in Nova Scotia where it will build a US$8 billion liquefied natural gas export facility. The project will be located 250 kilometers northeast of Halifax near the tiny community of Goldboro. It would be the province's largest-ever mega-project, putting 3,500 men and women to work during construction, and creating 200 permanent jobs once the facility is up and running.

CALGARY, ALBERTA – May 9, 2019 - Pieridae Energy Limited (Pieridae or the Corporation) (TSXV: PEA) In light of the recent share price decline, Pieridae would like to confirm that there have been no material adverse changes in its business. As Pieridae’s management does not believe the current trading price of the Corporation’s shares properly reflects the inherent value of the Corporation’s investments, management reiterates that key project milestones achieved for its flagship Goldboro LNG Project are still firmly in place.

The newest edition of the Goldboro LNG newsletter is now posted on the website. It contains information on the benefits agreement with the MI'KMAQ, the Ikkuma acquisition, as well as general updates on the project and the team.

CALGARY, ALBERTA - April 1, 2019 - Pieridae Energy Limited (Pieridae) (TSXV: PEA) is pleased to announce that the respected global engineering firm of Kellogg Brown & Root Limited (KBR) has been engaged to perform a review of an amended version of the previously prepared front-end engineering and design (FEED) study for the proposed Goldboro LNG facility. KBR will also conduct an open-book estimate necessary for entering into a lump sum turnkey engineering, procurement and construction (EPC) contract. Pieridae anticipates signing that contract in the coming months. The company expects to start construction activities in 2019 and ship first gas overseas to meet the expected global LNG shortfall in 2023/2024.