DALLAS, TX / ACCESSWIRE / March 4, 2024 / Vivakor, Inc. (NASDAQ:VIVK) (“Vivakor” or the “Company”), a socially responsible operator, acquirer and developer of clean energy technologies and environmental solutions, today is pleased to announce it has signed a definitive agreement and plan of merger (the “Merger Agreement”) with Empire Diversified Energy, Inc. (OTC Pink:MPIR) (“Empire”), a multifaceted holding company with business units in sustainable energy and logistics

Under the terms of the Merger Agreement, unanimously approved by the board of directors of each party, upon a successful closing, Vivakor would acquire all the outstanding shares of Empire common and preferred stock, on an as-converted basis, for net consideration of 67,200,000 shares (the “Consideration Shares”) of Vivakor common stock, resulting in Empire becoming a wholly-owned subsidiary of Vivakor upon the closing (the “Merger”). Upon the closing, 7.5% or 5,040,000 of the Consideration Shares shall be held in escrow for the 12-months subsequent to closing for the purpose of indemnifying Vivakor and its shareholders for the representations, warranties and covenants of Empire contained in the Merger Agreement. Empire shall cause a minimum of 65% or 43,680,000 of the Consideration Shares to be subject to a lock-up agreement for the 12-month period after the closing of the Merger, coupled with certain insider sales restrictions thereafter. Additionally, all Empire options and convertible securities existing immediately prior to the closing shall be either converted or cancelled pre-merger and any Empire warrants that are outstanding may be either accepted or rejected in the sole discretion of Vivakor, and Empire is required to have a minimum of $2.5 million in unrestricted cash on hand at the time of closing of the Merger, which shall be available to Vivakor thereafter.

The closing of the Merger, is subject to, among other things, stockholder approval of each company, Vivakor’s receipt of a satisfactory fairness opinion to the underlying transaction, and the effective registration of the Consideration Shares pursuant to a Registration Statement on Form S-4. Vivakor is currently targeting the Merger to close by the end of the third fiscal quarter ending September 30, 2024.

Vivakor Chairman and CEO James Ballengee commented, “This is a significant milestone for our company and we believe accelerates our vision to build a state-of-the-art, clean energy and remediation technologies company. Upon a successful closing of the Merger, we intend to construct and deploy our fourth Remediation Processing Center (RPC IV) at The Port of West Virginia, where Empire currently operates, as well as integrate our transportation and midstream assets into existing operations. We cannot be more excited about this merger, the synergies it presents, and the growth opportunities we see the merger presenting for the future of Vivakor. We look forward to moving this merger toward a closing by the end of September and will update shareholders and the Wall Street community as we continue our progress.”

Empire’s primary location is in Follansbee, West Virginia, where it operates The Port of West Virginia (“The Port”) within its Eco-Industrial Complex, situated along the Ohio River, with nearly 1,000 acres of contiguous land where it serves as the crossroads of the East Coast and Midwest through its trimodal (road, river, rail) terminal facility. Empire is currently deploying a host of innovative and sustainable technologies serving the transportation, recyclable waste, steel, warehousing, and other energy sectors to help decarbonize the region.

In additional to the traditional facilities at The Port, Empire’s flagship waste-to-energy pyrolysis plant, which is slated to come online in the second fiscal quarter of this year, is intended to provide behind-the-grid electrical power to The Port, while producing salable hydrochloric acid and excess gas into the market. The plant is designed to recycle 70 tons of plastics per day through a pyrolysis process that employs high heat in the absence of oxygen, is environmentally friendly and virtually emission free. Additionally, the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) has selected the Appalachian Regional Clean Hydrogen Hub (ARCH2) as a recipient of up to $925 million in funding to advance the development of hydrogen projects throughout West Virginia, as well as parts of eastern Ohio and western Pennsylvania. Empire was selected from over 80 initial applicants and is slated to receive a portion of these funds to assist in the engineering and buildout of an anaerobic digester project at The Port as part of the ARCH2 project consortium.

For more information on Empire’s Industrial Complex, please visit www.empirediversifiedenergy.com and www.empiregreengen.com.

About Vivakor, Inc.

Vivakor, Inc. (NASDAQ:VIVK), is a clean energy technology company focused on the oil remediation and natural resources sectors. Vivakor’s corporate mission is to create, acquire, accumulate, and operate distinct assets, intellectual properties, and exceptional technologies. Its Silver Fuels Delhi, LLC, and White Claw Colorado City, LLC subsidiaries include crude oil gathering, storage, and transportation facilities, which feature long-term ten year take-or-pay contracts.

The Company’s patented Remediation Processing Centers allows for the environmentally friendly recovery of bitumen (heavy crude) and other hydrocarbons from the remediation of contaminated soils. Vivakor believes its RPC’s are the only remediation system that can clean soils with more than 5% by weight oil contamination while recovering the oil and leaving the soil fully viable for reuse. Once operational, its Remediation Processing Centers will focus on extraction from shallow, oil-laden sands, along with generating petroleum-based remediation projects in Kuwait and in Houston, Texas.

For more information, please visit our website: http://vivakor.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the implied enterprise value of Vivakor as a result of the Merger, the expected transaction and ownership structure, the likelihood and ability of the parties to successfully and timely consummate the Merger, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the Merger, the approval of the stockholders of either party is not obtained, Empire’s ability to secure the $2.5 million financing on terms that are satisfactory or favorable, or at all, our ability to maintain the listing of our securities on the Nasdaq Capital Market, the parties failure to realize the anticipated benefits of the Merger, including, but not limited to Vivakor’s ability to construct and deploy a fourth Remediation Processing Center, risks relating to the uncertainty of the projected financial information with respect to Empire, Empire’s ability to secure the capital, permits, licenses, agreements, equipment and other resources necessary to execute on its currently planned projects, including, but not limited to, meeting Empire’s currently anticipated timeline of bringing its pyrolysis plant into operation during the second fiscal quarter 2024, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and Empire or the date of such information in the case of information from persons other than Vivakor and Empire, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding Empire’s industry and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

Investors Contact:
P:949-281-2606
[email protected]

ClearThink
[email protected]

SOURCE: Vivakor

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The project incorporates several essential technical steps into a cohesive, unified process. First, food waste is treated in an anaerobic digester, producing biogas and residual solid material (digestate). Heartland’s proprietary HelioStorm ultra-high temperature ionic gasifier performs methane pyrolysis of the biogas to produce clean hydrogen and valuable sustainable carbon. The digestate is processed through Heartland’s proprietary LTC Dry and HelioStorm gasifiers in a parallel pathway to produce an ultra-pure, tar-free synthesis gas. This gas is then used to generate clean energy, powering the entire conversion system described, and reducing reliance on the grid and fossil fuels.

“The project not only aligns with our vision to redefine waste, it underscores the critical role of renewable hydrogen in shaping a sustainable, circular economy. Hydrogen is more than an energy carrier; it represents a cornerstone for future sustainability goals, offering a path to decarbonize industries and energize communities in an environmentally responsible manner,” said Chris Beaufait, CEO of Heartland. “Empire is a world class developer of sustainable projects. We are excited to work together to deliver an exciting and impactful waste treatment and hydrogen generation plant.”

Bernard Brown, Empire COO, added, “The ARCH2 hydrogen hub is a beacon of innovation and leadership in the renewable energy sector. By leveraging this hub as a pivotal platform for collaboration, research, and development, we aim to demonstrate how strategic investments in decentralized hydrogen infrastructure and technology can yield significant environmental and economic benefits. The integration of Heartland’s HelioStorm technology into the project is a game-changer, harnessing groundbreakingly efficient methods to convert food waste into renewable hydrogen, propelling us toward our hydrogen goals.”

The food waste to energy project is expected to begin operations in Q3 2025.

About Heartland Water Technology

Operating at the intersection of water, renewable energy, and resource recovery, since 2008, Heartland has been providing technology-enabled solutions for world’s most challenging waste streams. With proprietary, award-winning technologies such as the Heartland Concentrator, HelioStorm, and LTC Dry, Heartland’s mission is to provide scalable, efficient, turkey solutions enabled by expertise and innovation, that not only meet the needs of today but promote sustainability, preserve the environment, and enhance public health.

About Empire Green Generation

Empire Green Generation is a behind-the-grid utilities company that utilizes waste-to-energy and recycling systems to provide electricity, waste management, and water treatment services to Empire’s Riverfront Industrial Complex at the Port of West Virginia. Green-Gen provides electricity from waste plastic-derived syngas and green hydrogen from recycling food waste.

About Empire Diversified Energy

Empire Diversified Energy, Inc. is a multifaceted holding company with business units in the sustainable energy and logistics sector. Empire’s primary location is in Follansbee, WV where it operates the Port of West of Virginia, within its Eco-Industrial Complex. The Complex is geographically located along the Ohio River where it serves the crossroads of the East Coast and Midwest through its trimodal facility. Empire is currently deploying a host of innovative proven technologies serving the pathway to clean energy generation. These business units will serve the transportation, waste, steel, warehousing, and other sectors, in an effort to help decarbonize the region.

Forward-looking Information

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 including the benefits of the project and the announcement of further details. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire’s control) and assumptions. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors, and other readers should consider these factors carefully in evaluating the forward-looking statements.

Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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Empire River Rail is moving forward as a shortline railroad at the Port and will strive to be a clean-energy rail system in West Virginia. The shortline railroad is a vital link at the Port by enhancing connectivity and the movement and storage of freight at the terminal. The focus on efficiency and sustainability allows for the deployment of carbon-reducing technologies in the rail industry.

Empire Diversified Energy’s Chief Operating Officer Bernard Brown says, “The decarbonization of ports is a prime goal for the Department of Transportation, and the formation of a shortline railroad at The Port of West Virginia is a step in helping to meet that goal.”

For more information about Empire River Rail and Empire Diversified Energy, please visit our website https://empirediversifiedenergy.com  Media inquiries can be directed to [email protected].

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc (EDE) is a multifaceted holding company with business units in the sustainable energy and logistics sector. Empire Diversified Energy’s primary location in Follansbee, WV where it operates the Port of West of Virginia along with its Eco-Industrial Complex. The facility is geographically located along the Ohio River where it serves the crossroads of the East Coast and Midwest through its trimodal facility. EDE is currently deploying a host of innovative proven technologies serving the pathway to clean energy generation. These business units will serve the transportation, waste, steel, warehousing, and other sectors in an effort to help decarbonize the region.  

Forward-looking Information

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 including the benefits of the project and the announcement of further details. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire’s control) and assumptions. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors, and other readers should consider these factors carefully in evaluating the forward-looking statements.

Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For further information, please contact Empire Diversified Energy, Inc.

Investor Relations: 954-332-2423 www.empirediversifiedenergy.com

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In being selected for this funding, Empire has distinguished itself among significant players in the sustainable-energy space and looks forward to representing the Northern Panhandle in West Virginia’s strong history of energy production. This project uses proven technology in an innovative way: using renewable feedstocks to generate green hydrogen that will be used for industrial and transportation fuel.

The vision of Empire’s leadership team for establishing a hydrogen-based energy project in Follansbee is now fortified with Empire being selected as a Project Development Partner by ARCH2. The Anaerobic Digester project is just one of several Empire projects in various stages of operation and development that emphasize recycling, brownfields redevelopment, and economic growth while decarbonizing industrial and commercial operations at The Port of West Virginia.
Empire will be presenting project details to stakeholders and local citizens at upcoming public meetings as part of its Community Benefits Plan.

ARCH2 SELECTED FOR THE DEPARTMENT OF ENERGY’S HYDROGEN HUB FUNDING (Press Release)

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc (EDE) is a multifaceted holding company with business units in the sustainable energy and logistics sector. Empire Diversified Energy’s primary location in Follansbee, WV where it operates the Port of West of Virginia along with its Eco-Industrial Complex. The facility is geographically located along the Ohio River where it serves the crossroads of the East Coast and Midwest through its trimodal facility. EDE is currently deploying a host of innovative proven technologies serving the pathway to clean energy generation. These business units will serve the transportation, waste, steel, warehousing, and other sectors in an effort to help decarbonize the region.

Forward-looking Information

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 including the benefits of the project and the announcement of further details. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire’s control) and assumptions. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors, and other readers should consider these factors carefully in evaluating the forward-looking statements.

Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For further information, please contact Empire Diversified Energy, Inc.
Investor Relations: 954-332-2423 www.empirediversifiedenergy.com

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Workshop participants will include some of the region’s largest fleets, truck manufacturers, and industry leaders who are coming together to discuss the advancement of clean transportation fuels and technologies.

Lynn Lyon, director of sustainable transportation at U.S. Energy, shares, “Fleets are interested in learning more about what technologies are available now and what advancements can be expected within the next year. At this workshop, we will discuss the availability of both alternative fuel trucks and infrastructure—comparing costs and environmental benefits.”

With transportation accounting for over 25% of the United States’ total greenhouse gas emissions and heavy-duty vehicles making up ~23% of the sector’s total emissions, carriers and shippers are motivated to consider alternatives. Some are leaning towards electrification, while others are evaluating renewable natural gas (RNG), hydrogen, renewable diesel, biodiesel, and hybrids.

The workshop will include a discussion with special guest Larry Cox, PGT Trucking’s vice president of sustainability. Larry has experience with battery electric and natural gas trucks with plans to lease hydrogen trucks for the company’s fleet. PGT is the first in the flatbed industry to provide dedicated transportation services using a Class 8 zero-emissions truck to Steel Dynamics, one of the largest domestic steel producers and metals recyclers in North America.

Empire Diversified Energy is hosting this event in alignment with its plans to introduce a new clean fleet at the expanding Port of West Virginia. These yard trucks and tractors will operate at the inland port moving cargo. As part of the workshop, participants will have the opportunity to tour the facility, which was converted from an industrial park to a circular energy system that produces transportation fuel from waste.

At Empire Diversified Energy, our goal is to develop the largest environmental, social and governance (ESG) inland river port terminal in the United States along with a portfolio of ‘green-oriented’ recycling plants and logistics and storage facilities at the Port of West Virginia. As a new port, we have the advantage to lead by example with cleaner transportation with our fleet,

Bernard Brown, chief operating officer of Empire Diversified Energy

U.S. Energy is partnering with Empire Diversified Energy to build a public access polyfuel station for this new fleet. The site will dispense renewable natural gas and hydrogen with an option to add electric charging if there is demand. Other fleets in the area have already expressed an interest in collaborating to build out a clean fuel network in the region. U.S. Energy currently has seven natural gas fuel stations in Pennsylvania and three in Ohio. The Follansbee site will be the company’s first fueling station in West Virginia.

U.S. Energy and Empire Diversified Energy are excited to co-host this workshop—helping local fleets evaluate their options for alternative fuel adoption. To register for this event, visit https://go.pardot.com/l/1003721/2023-09-06/tshj

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The plant will recycle plastics and other recyclable waste products into renewable electricity for the Port and its surrounding area, and will be using high efficiency, state-of-the-art, pyrolysis technologies in its operations. The facilities of the plant will include a newly constructed 30,000 square foot all-weather building to house the pyrolysis equipment, and a repurposed 20,000 square foot structure to support the feedstock storage.

We are very pleased to bring this cutting-edge technology to the State of West Virginia and are committed to our efforts of environmentally friendly and economically sustainable growth at the Port of West Virginia.

CEO Frank Rosso

The Company’s Chief Executive Officer Frank Rosso stated: “We are very pleased to bring this cutting-edge technology to the State of West Virginia and are committed to our efforts of environmentally friendly and economically sustainable growth at the Port of West Virginia. We believe Empire Green Generation will be an industry leader in waste-to-energy recycling and are excited about its future. We thank our entire Empire team, the West Virginia Economic Development Authority, and our lenders for their continual support through our growth in a very difficult market; we will continue to provide Stakeholders with updates as the plant comes online

For more information, please visit the Company’s website: https://empirediversifiedenergy.com

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a fully integrated company offering recycling, logistics, energy production, and remediation services helping to promote a safer and more sustainable environment. The Company has proven and demonstrated experience in helping to shape the green environment, and continues to transform and grow through energy production, manufacturing, and other further development at the Port of West Virginia.

 Forward-looking Information

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 including the benefits of the project and the announcement of further details. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond Empire’s control) and assumptions. Although Empire believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the outcome or results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the U.S. Securities and Exchange Commission. Shareholders, potential investors, and other readers should consider these factors carefully in evaluating the forward-looking statements.

Any forward-looking statement made by Empire in this press release speaks only as of the date on which it is made. Empire undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

For further information, please contact Empire Diversified Energy, Inc.

Investor Relations: 954-332-2423 www.empirediversifiedenergy.com

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Empire’s ARCH2 project is being developed jointly with a leading technology company and if the proposal is accepted, will be located at Empire Green Generation, LLC property (the former site of Koppers, Inc.) in Follansbee, Brooke County, West Virginia. This repurposed site is part of Empire’s Riverfront Industrial Complex that currently consists of approximately 900 acres and includes nearly 8,000 linear feet of Ohio River frontage and over 20,000 linear feet of Empire-owned rail. With the support of the Brooke County Commission, the Company already operates Empire Trimodal Terminal, LLC as The Port of West Virginia, providing cargo handling via barge, rail and truck and cargo storage in warehouses located both on and off site. 

The project is just one of several significant initiatives by Empire to seek to apply innovative technologies with the goal of  reducing dependence on fossil fuels and to finding ways to beneficially use materials that would otherwise go to waste. We expect to announce additional details on some of these developing projects  in the  near future. We believe these projects  have the potential to create hundreds of new jobs and will contribute substantially to the local economy.

Commenting on this acceptance, Chief Operating Officer Bernard Brown stated, “We are very excited to be a part of this incredible ensemble of companies assigned to represent the Appalachian Region. Empire is committed to West Virginia, its application of green technologies across its portfolio businesses, while providing a safer, more sustainable and cleaner future.”

Please click link below for additional information:

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FORT LAUDERDALE, FL.- December 13, 2022- (OTC Markets News Release) Empire Diversified Energy, Inc. (OTC Markets Pink: MPIR) is pleased to announce that its wholly-owned subsidiary, Empire South Terminal of West Virginia, LLC has closed on its debt financing of $15,000,000 in Dock and Wharf Revenue Bonds, to provide funding for the expansion and further development of its port facilities in Follansbee, West Virginia.

The Company will use the proceeds from the financing to begin the engineering, development, and construction of new warehousing and storage tank farm at the site, which is adjacent to Empire’s Port of West Virginia facility. Construction is scheduled for completion in the second quarter of next year.

Frank Rosso, Chief Executive Officer of Empire commented: “We are grateful to all our lenders, advisors, and professionals for their support as we continue our development at the Port of West Virginia and the Company’s industrial complex as a whole. We will continue to provide updates
as the operations comes online in the near future.”

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is an emerging growth infrastructure company offering mixed-use storage, logistics, and service solutions to the dynamic changing needs of the transportation and energy industries.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our intent to begin the engineering and permitting phase of the recycling plant construction projects, reflect current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.

For further information, contact Empire Diversified Energy, Inc.
Investor Relations – 954-332-2423
www.Empirediversifiedenergy.com

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Empire Diversified Energy is proud to announce the appointment of Mr. Bernard Brown as Chief Operating Officer, effective immediately. Mr. Brown brings a wealth of knowledge and experience in energy and the sustainability sector.

Mr. Brown will provide leadership and oversight to the management team. In his role, he will focus on expanding the company’s growth through project development, marketing strategies, and investor relations. Mr. Brown brings with him more than two decades of both public and private project management involvement.

He has a track record of success including leading teams through development, execution, and organization of mission priorities, which maintains alignment on project goals and substantiates measurable results. Additionally, Mr. Brown understands the waste-to-energy process in design, permitting, and execution and has vast experience serving as a liaison between financial lenders for critical project financing.

Commenting on this appointment, CEO Frank Rosso stated, “We are very excited about Bernard and his vision for the Empire Riverfront Complex in Follansbee, WV. Bernard has a great deal of experience working on similar projects and this experience will serve him well as he develops, what we believe will be, (when fully built out) one of the largest ALL GREEN recycling facilities in North America, The Port of West Virginia and the Empire Riverfront Complex.”

Mr. Brown also has an impeccable reputation with several of the world’s largest financial institutions as a team leader for the restructuring of distressed assets and holds multiple degrees including a Masters in Energy from Texas A&M University, a MPA from Clemson University, and a bachelor’s degree in planning from Arizona State University.

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