PET Peat Resources Ltd. (delisted)

Peat Resources Limited (TSX VENTURE:PET) - The company is pleased to report that
it has negotiated, subject to regulatory approval, an unsecured debenture loan
to the company of $150,000 in two tranches as follows: First tranche of $60,000
on regulatory approval (the "First Closing"); second tranche of $90,000 on
September 3, 2014 (the "Second Closing"). Pursuant to the Debenture, the
Corporation promises to pay the Subscriber interest at the rate of 12% per annum
payable annually in arrears commencing on the one year anniversary of the First
Closing for the first tranche of $60,000 and on the one year anniversary of the
Second Closing for the second tranche of $90,000, all payable earlier at the
option of the company without notice or bonus. An agent's fee of 9% of the funds
raised and broker warrants totaling 10% of the funds raised divided by $0.05 per
share is to be paid. Each broker warrant allows the holder to acquire one common
share of the company at a price of $0.05 up to 24 months following the Second
Closing. 


The funds will be used for working capital.

Further to the company's news release of June 18, 2014, the applications with
the Newfoundland Department of Natural Resources to re-acquire the company's
peatland exploration permits have been approved.


Peat Resources Limited was formed to explore, develop and produce peat fuel - a
sustainable bioenergy resource. The company is active in Ontario and
Newfoundland. The company has developed an environmentally acceptable harvesting
and processing system to supply consistent quality peat fuel in long-term (+ 20
year) contracts to utilities and other industrial operations for heat and power
generation. The Company is also investigating development of value-added
biocarbon derivatives from peat pellets such as activated carbon for which there
is growing demand in many industrial and domestic applications. 


This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the statements. There are
certain factors that could cause actual results to differ materially from those
in forward-looking statements. These include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, investors
should review registered filings at www.sedar.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Peat Resources Limited
Patricia Mannard
(416) 862-7885
(416) 862-7889 (FAX)
pmannard@peatresources.com
www.peatresources.com

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