NEWS RELEASE   |   Monday, February 11th, 2019

Camarico's Georgetown Project Receives Non-Appealable Development Permit

Cerus Energy Group Ltd. TSX-V: CEA (“Cerus” or “the Company”) is proud to announce that Camarico Land & Development (Camarico) has received a non-appealable development permit for Phase I of the “Georgetown” cannabis cultivation development in municipal district of Vulcan County, Alberta.

Camarico received a formal development permit for Phase I of it’s multi-phase development plan on February 6, 2019. Camarico’s Phase I, is a 75 acre development footprint that is comprised of 18 lots. Each lot will contain a single 58,000 square-foot cultivation building that will be serviced by Camarico’s own private utilities. Furthermore, Camarico has a total of 320 acres zoned under “direct control” for the purpose of cannabis cultivation, with an additional 1,440 acres under option for future development.

Camarico’s planned production target is to have a canopy density rating of 200,000 square feet per building, for a combined Phase I canopy square footage of 3,600,000 square feet.  More specifically, the total Phase I canopy density is 48,000 square feet per acre. The achievement of this industry leading density and crop production capacity will be directly attributable to Aggro Manufacturing’s “El Rollo” proprietary and efficient growing system. This stand-alone “El Rollo” growing system will not only provide maximal efficiencies in power, water, fertilizer and CO2 consumption, but most importantly it will have enhanced reliability with minimal staffing requirements.

The “Georgetown” cannabis cultivation development aims to set the industry standard for high-density and ultra-high efficiency marijuana cultivation. This achievement will allow Camarico Land & Development to push forward its aggressive plans for strategic industry partnerships, long-term success and high margin profitability.

CEO R. Mackenzie Loree stated;

“We are extremely pleased to have the opportunity to develop “Georgetown” in the great County of Vulcan. The Company’s immediate focus is on the completion of our Saskatchewan partner’s facility, and their ultimate success in obtaining a Health Canada license for the production and sale of cannabis.”

“Furthermore, the company is in the final stages of completing the Camarico/Cerus RTO, formal COB and transfer to the Canadian Securities Exchange. We appreciate the continued support of our shareholders and the future success that we will achieve together.”

For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.

Primary Contact:
Mackenzie Loree, CEO
1-403-861-6779
mloree@cerusenergy.com

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

FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.

When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.

FORWARD-LOOKING STATEMENTS: The purpose of forward-looking statements is to provide the reader with a description of management’s expectations, and such forward looking statements may not be appropriate for any other purpose. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While the information contained herein is believed to be accurate and reliable, no representation of warranty, express, implied or otherwise, as to the accuracy, completeness or reliability of this document is made.