TSX-V TRADING SYMBOL: CEC

VANCOUVER, July 23 /PRNewswire-FirstCall/ - Compliance Energy Corporation (the 'Company' or 'Compliance') is pleased to provide an update on the activities of Jameson Resources Limited (ASX : JAL) ('Jameson or JAL') at the Company's Basin Coal Mine, which is the subject of an option purchase agreement.

Jameson is in the process of conducting a mining feasibility study on the Basin Coal Mine with the objective of reopening the mine once they have exercised their option to purchase 100% of Compliance's interest in the mine located near Princeton BC. Jameson has recently received a new NI 43-101 resource report for Basin prepared by ReseourceEye Services Inc. The following are the highlights from Jameson's news release which can be found in its entirety on the following link: http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode asxCode=JAL timeframe=D period=W

    'Highlights:
    -   New total resource of 117.4Mt of bituminous thermal coal defined at
        Basin
    -   Resource classification includes 82.3 Mt measured/indicated and
        35.1Mt inferred at cut off stripping ratio of 8:1 (BCM: tonne raw
        coal)
    -   Additional resources substantially increases potential for extended
        mine life
    -   Main seam average thickness of 17 m, with the Lower Seam averaging
        7.4m
    -   Indicative coal quality of 5,780kcal/kg (as received) 12.5% ash,
        10.5% moisture, and 0.57% sulphur returned from first phase of bulk
        sample
    -   Approvals in place to restart mining and processing operations within
        12 months
    -   Discussions with potential domestic and overseas off-take partners
        are advancing
    -   Norwest Corporation anticipate completion of re-commissioning
        (feasibility) study in Q3 2009'

In December 2008, NWPC Pty Ltd ('NWPC') agreed to an option to purchase 100% of Compliance's interest in the Basin Coal Mine located near Princeton BC, for consideration of cash and shares totaling $8.25 million. In February 2009, Compliance received an option payment of $1,000,000 and 7,407,408 shares in Jameson. The shares are listed on the Australian Stock Exchange under the symbol of JAL and are subject a one year escrow provision.

    The following payments remain due under the terms of the option agreement:
    a)  An option exercise payment of $3,100,000 in cash plus closing
        adjustments and 7,407,408 shares in JAL on or before May 31, 2010 at
        which time the Company's interest in the mining agreement for Basin
        Coal Mine would transfer, and
    b)  7,407,408 shares in JAL on or before the earlier of commencement of
        coal production and May 31, 2012.
    Compliance Energy Corporation's shares trade on the TSX Venture Exchange
under the symbol CEC and investor information is available on the Company's
web page at www.complianceenergy.com.
    On behalf of the Board of
    COMPLIANCE ENERGY CORPORATION
    John Tapics
    Chief Executive Officer

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.

SOURCE Compliance Energy Corporation