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P Squared Renewables Inc. Ceases Discussions in Respect of Potential Qualifying Transaction but Continues Evaluating Opportunities and Resumes Trading



May 2, 2019 / TheNewswire / Calgary, Alberta - P Squared Renewables Inc. ("P Squared") (TSXV: PSQ.P), a capital pool company listed on the TSX Venture Exchange (the "Exchange"),? announces that it has ceased discussions in respect of the potential transaction originally announced on March 28, 2018, which was intended to be the P Squared qualifying transaction under the policies of the Exchange. P Squared has resumed the process of identifying and evaluating a number of opportunities that are available to it with a view to completing a qualifying transaction.

Trading in P Squared common shares will resume on the Exchange at the opening of trading on Monday, May 6, 2019.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT ?TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS ?RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.?

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities ?legislation. Forward-looking statements include, but are not limited to, statements with respect to the future ?business and operations of P Squared. Forward-looking statements are necessarily based upon a ?number of estimates and assumptions that, while considered reasonable, are subject to known and ?unknown risks, uncertainties, and other factors which may cause the actual results and future events to ?differ materially from those expressed or implied by such forward-looking statements. Such factors ?include, but are not limited to: general business, economic, competitive, political and social ?uncertainties; and the delay or failure to receive applicable Board, shareholder or regulatory approvals. ?There can be no assurance that such statements will prove to be accurate, as actual results and future ?events could differ materially from those anticipated in such statements. These forward-looking ?statements are made as of the date hereof and P Squared disclaims any intent or obligation to update ?publicly any forward-looking statements, whether as a result of new information, future events or results ?or otherwise, except as required by applicable securities laws.?

For further information, please contact:?

Shabir Premji, Executive Chair, P Squared Renewables
Telephone: (403) 870-1841?
Email: spremji@p2renewables.com

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES