CALGARY, Jan. 31, 2013 /CNW/ – Ervington Investments Limited (“Ervington“) today announced that it has acquired 18,461,538 common shares (the “Shares“) of Alter NRG Corp. (the “Company“) representing approximately 18.2% of the issued and outstanding
Shares, as known by Ervington. The Shares were acquired by way of a
private placement with the Company.

After giving effect to the acquisition referred to above, Ervington owns
and controls a total of 18,461,538 Shares representing approximately
18.2% of the issued and outstanding shares of the Company.

Ervington acquired the Shares through a private placement with the
Company pursuant to a subscription agreement dated November 2, 2012.
The subscription agreement provided for the purchase of such Shares for
consideration of $0.325 per Share. Ervington has acquired the Shares
for investment purposes and may, depending on market and other
conditions, increase or decrease its beneficial ownership control or
direction over Shares of the Company through market transactions,
private agreements or otherwise.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in the press release are forward-looking statements
and are prospective in nature, including statements with respect to
Ervington’s future intentions regarding the securities of the Company
that it owns. Forward-looking statements are not based on historical
facts, but rather on current expectations and projections about future
events, and are therefore subject to risks and uncertainties which
could cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements. These
statements generally can be identified by the use of forward-looking
words such as “may”, “should”, “will”, “could”, “intend”, “estimate”,
“plan”, “anticipate”, “expect”, “believe” or “continue”, or the
negative thereof or similar variations. Such statements are qualified
in their entirety by the inherent risks and uncertainties surrounding
future expectations. Such forward-looking statements should therefore
be construed in light of such factors, and Ervington is not under any
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.

SOURCE Ervington Investments Limited