Calgary’s Steeper Energy Canada Ltd. enters into Joint Development Initiative with AITF

Calgary Alberta – April 1, 2013 – Steeper Energy Canada Ltd., a Danish-Canadian clean-fuel company, has entered into a Joint Development Initiative (JDI) with Alberta Innovates Technology Futures (AITF) towards the construction and operation of a Hydrofaction™ pilot plant in Alberta. As part of the JDI, AITF is providing $150,000 of in-kind support for the testing and validation of Hydrofaction™ Oil produced by Steeper Energy.

Alberta Innovates Technology Futures has now changed its name to InnoTech Alberta. Additional information on InnoTech Alberta is available on their website at https://innotechalberta.ca/.