$UMBBF Medical Cannabis Application is Progressing and is Currently in the Enhanced Screening Stage

VANCOUVER, BC / ACCESSWIRE/ March 2, 2015 / UMBRAL ENERGY CORP. (UMB.V) (UMBBF) (the “Company” or “Umbral“) is pleased to announce, PhyeinMed Inc. application under Health Canada’s Marijuana for Medical Purposes Regulations is progressing. On November 20, 2014 the Company announced that PhyeinMed had filed a Marijuana for Medical Purposes Regulations (“MMPR”) application with Health Canada. Umbral is pleased to report that PhyeinMed’s application was received by Health Canada and was assigned a file number. PhyeinMed believes that the quality of the application and the time required to complete the application moved the company through the pre-screening process in a very timely manner. Of the thousand plus applications received by Health Canada just over half have been successful in receiving a file number. As of November 24th, 2014, 600 had been returned incomplete, more than 200 were rejected, 35 withdrawn and approximately 300 still under review.

The company is also pleased to report that the Columbia Shuswap RegionalDistrict has confirmed with management of PhyeinMed that our current locationconforms to all regional bylaws and use of the property for production of medical marijuana.

The application provides for the possession, sale, delivery, destruction and production of dried marijuana. An option to purchase, upon an approval to complete our facility awaiting a pre-license inspection from Health Canada, has been completed. The proposed growing site for growing medicinal marijuana isan 11,000 sq ft building within 13 acres of land. The building upon approval of a pre-license inspection from Health Canada will have 10 growing rooms, adrying room, trimming room, packaging area and an appropriate and approved security level vault. An existing administration building located on the site will also house a reception area, 24/7 on site security offices, meeting rooms and offices. The master security plan, architectural drawings, survey certificate and threat assessment report were completed for both the buildings, as well as, a complete site security plan for the property perimeter was submitted with the application. The average values associated with a threat assessment score can be quite high and would increase any possible criminal threats to the facility, PhyeinMed’s threat assessment score was very low.

As of February 23, 2015, PhyeinMed has received, the second request for more information and is in the enhanced screening process. It will continue to work with Health Canada to complete and fulfill all of the necessary requirements prior to the security clearance phase of the application.

“We are excited to be notified by our partner, Phyeinmed, that the application is progressing through the stages as set out by Health Canada”, states Jag Bal, President of Umbral Energy. “Phyeinmed has assembled a tremendous team of industry professionals, and we are confident that the application process will continue to move through these required stages”.

There are no assurances that PhyeinMed’s application will be successful. The company will continue to comply with the requirements as they pertain to theMarijuana for Medical Purposes Regulations as we continue to work through the application process.

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 cultivation of marijuana under the newly established Health Canada regulations pertaining to the cultivation of marijuana for medical purposes. 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. In addition the Company has a mineral property in Quebec, Canada as well as an interest in 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 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.

SOURCE: Umbral Energy Corp