$UMBBF Announces Completion of Acquisition

UMBRAL COMPLETES THE ACQUISITION OF 1005477 BC LTD. 

Vancouver, B.C., December 10, 2014 – UMBRAL ENERGY CORP. (CSE: UMB) (OTCQB: UMBBF) (the
“Company” or “Umbral”) is pleased to announce that it has completed its acquisition of 1005477 BC Ltd.
(“1005477 BC”), a holding company which owns 50% of PhyeinMed Inc. (“PhyeinMed”) an operating
company with a submitted application to Health Canada for a MMPR Licence.
The acquisition will see Umbral pay $129,500 of verifiable expenses to-date in cash, as well as 3,000,000
shares of Umbral as part of a Share Exchange Agreement. 1005477 BC will remain as a wholly owned
subsidiary of the Company.
“We see this acquisition as another step towards Umbral successfully entering the Medical Marijuana
business.” Stated Jag Bal, CEO of Umbral “The PhyeinMed team has an impressive track record of
success, and we feel that they have the necessary infrastructure to be able to take this process
forward.”
This acquisition has been approved by the Board of Directors of Umbral, and is not subject to
Shareholders’ approval.
The PhyeinMed Management Team is comprised of:
CEO – Debra Senger – Prior to joining PhyeinMed she worked for 22 years in senior executive positions
throughout her private and public company career. She directed and orchestrated major business
development opportunities, strategic partnerships and several substantial financing initiatives. Debra
has held several positions include CFO, Vice President , President and Director of companies which
operated in Canada, and around the world. She is experienced in bid processes, and working in
partnerships with Government organizations.
Debra has spent the last three years in the medical marijuana industry, having a vested interest in
several medical marijuana facilities. She has a passionate desire to get the message to patients who
need this product to alleviate or eliminate symptoms of disease and pain.
Security – Rick Blasko – Rick has an extensive background securing facilities throughout Canada, US and
oversees. He was responsible for writing standing posts, routine security measures and introducing
emergency response teams for various facilities, penitentiaries, police stations, military establishments,
halfway houses and parole offices. Rick coordinated procedures and training for these programs
between the different government branches and colleges. He organized testing perimeter Intruder
Detection Systems for penitentiaries, provincial jails, parole offices, military bases and police facilities at
a Federal level.
Rick was a supervisor for 11 years then in Management for 6 years and worked with the Canadian Police
and Military Forces in any activity involved in Criminal Intelligence and record maintenance. He worked in Kingston, Ottawa, Ontario and Paris, France, as well as, other locations across Canada and the USA
from 1973 to retirement.
CFO – Fraser Campbell – A former director of Umbral, Fraser left to assist in guiding the PhyeinMed
team. He is a partner and director of First Growth Management (“FGM”), a private equity company
which invests both capital and varied management resources in small to mid-sized businesses with
attractive growth potential. Mr. Campbell is Chairman of the Board for Pacific Safety Products and
Chairman of the Board of the Kelowna Community Food Bank. Mr. Campbell has held a number of
executive positions in FGM investee companies including as President of Modu-Loc Fence Rentals Ltd.,
IFCO Systems Canada and PalEx Canada.
Quality Assurance – Gary Whitaker – Gary has over 30 years of experience in pharmaceutical
manufacturing, with his main function working in a management/leadership role in packaging with the
responsibility for meeting Health Canada and US FDA regulatory compliance. Gary is well tested on the
challenges that come with this role, including meeting stringent requirements surrounding Standard
Operating Procedures in all operations, environmental monitoring, planned and unplanned deviations
and corrective and preventative actions. In addition to this, he has overseen all documentation
requirements, investigations into irregularities, and participated in regulatory audits pertaining to
manufacturing and warehousing. Gary has received formal training in Pharmaceutical Chemistry –
Seneca College, Toronto 2008, Pharmaceutical Water System Microbiology – Seneca College, Toronto
2008, Validation with an Engineering Perspective – Pharmaceutical Sciences Group PSG, Toronto 2003
and Cleaning Validation – Pharmaceutical Sciences Group PSG, Toronto 2002.
Operations Manager – Phil Senger – Phil has over 30 years of extensive experience working with large
venue projectors, sound systems, lighting rigs and networking equipment and computers including
installation set up and dismantling. He has experience working with security cameras, security systems
and networks, including switches/ hubs and routers. Phil has acquired mechanical skills over the years,
including framing, plumbing and electrical, including working with single phase (110/ 220 volt) as well as
three phase (110/208 volt) electrical systems. Phil has overseen, designed, planned and installed
irrigation systems for small and large landscape installations.
Master Grower – Greg Kedward – In 1993 Greg started his own company, specializing in indoor garden
ventilation. He has designed and built over three hundred indoor gardens from simple two light home
gardens to over four hundred light large commercial operations. He wrote a self-published book on the
subject that sold over ten thousand copies in Canada.
Since the inception of the MMAR program, Greg has assisted many patients to not only to build their
gardens, but also help them grow their medication using the knowledge gained from a large number of
industry contacts and advocates.
In 2007 Greg released his first documentary, ‘Trip: The “BC Bud” Chronicles. A Tour Of All Things
Marihuana in British Columbia’. It has been viewed over 2.7 million times on Netflix, Amazon and several
other sites and is now free to view on YouTube. In 2013, a second film was released on the medical
cannabis industry across Canada called, ‘Still Trippin’ The Trans-Canada Highway’. This can currently be
viewed on Hulu and Amazon. PhyeinMed Advisory Team
Legal Advisor – Jennifer Thorne, B.A (Hons), LL.B. – Jennifer is a Kelowna lawyer who specializes in
criminal defense and medical marijuana licensing (MMPR) consulting, and advises to PhyeinMed
Corporation on all matters relating to the process of the license application and marijuana law. Jennifer
obtained a Bachelor of Arts Degree, with Honours (B.A., Hons.) from the University of Calgary. She then
received her Law Degree (LL.B.), with distinction, from the University of Alberta in 2007. Jennifer was
called to the British Columbia Bar in 2008 and worked as a prosecutor for the Federal Department of
Justice’s Public Prosecutions Service.
In addition to her criminal defense practice, she also assists clients in applying for licenses to produce
medical marijuana under the Marihuana for Medical Purposes Regulations. Jennifer is a member of the
Canadian National Medical Marihuana Association and has been a feature speaker at several industryrelated
conferences.
Senior Security Advisor – David Hyde, M.Sc, CPC – David Hyde is a security and risk management
specialist with a range of professional distinctions. He is an industry-recognized leader, respected senior
advisor, and life-long learner and educator. Over his 26-year career he has owned and operated an
award-winning business, guided security at some of Canada’s most iconic landmarks and led the
enterprise security program for a $17 billion global corporation. As a corporate security executive with
commercial real estate company, Cadillac Fairview, David built the national security strategy and set
company policy for security and crisis management across 83 site locations. He assembled a wellrespected
team of five regional directors, forty site security managers and 550 front-line security staff.
David holds a M.Sc (with Distinction) in Security & Risk Management from the University of Leicester
and a Certificate in Security Management from the University of Calgary. He has completed The
Wharton School’s Development Program for Security Executives and is a Certified Advanced Level CPTED
Practitioner. He is also certified to perform Threat Risk Assessments through the International Security
Management and Crime Prevention Institute (ISMCPI) and holds the Certified Professional
Coach designation.
Senior Horticultural Advisor – Greg Salloum, M.Sc. – Greg received his B. Sc. (Agr.) from McGill in 1982
and then his M. Sc. from UBC in 1987. His undergrad was in Plant Science with a specialty in
Horticulture. His Masters’ degree thesis was a cross disciplinary effort in Entomology and Plant
Biochemistry. He focused on screening indigenous petroleum ether and ethanol plant extracts for insect
anti-feedant activity. While he was finishing his Masters he began working with Safer Ltd. in Victoria, BC
developing formulations of botanical insecticides with his research team. They developed a number of
patented products with pyrethrum and neem oil in combination with salts of fatty acids.
Since 2010, Greg began his most current project: an organic farm. The farm is now supplying some of
the vegetables to their leased restaurant at the Best Western Plus Hotel and Suites. He continues to
research new organic horticultural methods for his future endeavors including utilizing humic and fulvic
acid, as well as beneficial microorganisms
In addition, Umbral will pay a finder’s fee in connection with this transaction to an arm’s length party in
the amount of 500,000 shares. While it is the intention of Umbral and PhyeinMed to obtain a MMPR Licence, there can be no
assurances that it will receive the necessary permits to operate. Any MMPR applicant, including
PhyeinMed, will not be able to legally grow or sell medical marijuana without a licence from Health
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 PROVIDER HAVE REVIEWED OR ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other
factors that may cause actual events to differ materially from current expectation. Important factors – including the availability
of funds, the results of financing efforts, the results of exploration activities — that could cause actual results to differ materially
from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as
of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.