$UMBBF Signs a LOI to enter the I-502 Market In Washington State

 UMBRAL ENERGY CORP. (CSE: UMB)(OTCQB: UMBBF) (the “Company“ or “Umbral“) is pleased to announce, that it has signed aletter of intent (LOI), with Green Venture Capital, Inc, a Washington State Corporation (“GreenVenture Corporation”) whereby Green Venture Corporation will assign to the Company‘snominee 85% of its interest to the lease agreement among Green Venture Corporation and NiceBuds, LLC, a Washington State Limited Liability Company, having a Tier 3 provisional licenseapplication to produce and process marijuana. Pursuant to the LOI, the Company will lease toNice Buds up to 21,000 square feet of I-502–compliant space for the purpose of production andprocessing of Marijuana.. The Company has paid $10,000 U.S. Dollars ($10,000.00 US) to GreenVenture Capital upon signing the LOI, in trust with Martin Davis, PLLC (“Martin Davis“) fullyrefundable if a definitive agreement is not executed by either party within 30 days.

Occupancy is anticipated to be within 90 to 120 days, subject to definitive agreements,completion of the property acquisition, completing certain building and property improvementsand approval of the Canadian Stock Exchange

“We continue to execute on our business model based in the Marijauna space and now onspecialty property development for high cash crop tenants,” stated Jag Bal, president of UmbralEnergy Corp.. “In the US market, this is an important step in moving the company toward boththe creation of our “Green Campus” business model and revenue generation.“

Richard Cindric, President, commented, “We are very excited to be working with Umbral Energy,a young company with promising opportunity in the Marijuana space.“

About the Washington I–502 Marijuana Market

In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I–502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCBto regulate and tax recreational marijuana products for persons over twenty–one years of ageand thereby created a new industry for the growing, processing and selling of Washington State–regulated recreational marijuana products. A recent WSLCB commissioned report by the Randorganization suggests that there are currently up to 650,000 recreational marijuana users inWashington State, worth approximately

$1.25 – $1.5 Billion USD in annual sales.

About Green Venture’s Capital Group

Green Venture Capital Group provides specialized consulting services to a select group ofleading emerging and mid– capitalization marijuana companies, with an objective of taking ourmarijuana clients to the next level. Green Venture Capital Group assists companies in gainingexposure to an established international network of financial industry professionals. This broadnetwork includes investment advisors, bank owned investment dealers and leading independentfinancial firms. In addition, Green

Venture Capital Group provides traditional investor relations services including tailoredinternational marketing and communications strategies.

About Umbral Energy Corp.

The Company is currently listed as a junior resource issuer having mineral exploration projects.The Company is considering other activities to increase shareholder value, including non-resource projects. The Company is conducting diligence in regards to the commercial cultivationof marijuana under the newly established Health Canada regulations pertaining to the cultivationof marijuana for medical purposes. MMPR license with Health Canada, through it‘s subsidiaryPhyeinMed and should it‘s application be granted an initial approval from Health Canada, it willproceed with closing the acquisition of a 10,500 sq ft facility on 13 acres, which it has anagreement to purchase. This approval will allow them to execute their security plan as well asdeveloping the growing, storage and distribution area.

While it is the intention of Umbral and PhyeinMed to obtain a MMPR Licence, there can be noassurances that it will receive the necessary permits to operate. Any MMPR applicant, includingPhyeinMed, will not be able to legally grow or sell medical marijuana without a licence fromHealth Canada. In addition the Company has a mineral exploration project in Quebec, Canada aswell as oil and gas property in Alberta, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS OF UMBRAL ENERGY CORP.

“Jag Bal”
Jagdip Bal
President and CEO

NEITHER CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDERHAVE REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OFTHIS RELEASE.

This news release contains forward–looking information, which involves known and unknownrisks, uncertainties and other factors that may cause actual events to differ materially fromcurrent expectation. Important factors – including the availability of funds, the results of financingefforts, the results of exploration activities — that could cause actual results to differ materiallyfrom the Company‘s expectations are disclosed in the Company‘s documents filed from time totime on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance onthese forward–looking statements, which speak only as of the date of this press release. Thecompany disclaims any intention or obligation, except to the extent required by law, to update orrevise any forward–looking statements, whether as a result of new information, future events orotherwise.

SOURCE: UmbralEnergyCorp.