Pioneer Exploration Inc. Announces IBA Green Inc. a Wholly Owned Subsidiary Enters Into Consulting Agreement With Ari Kat Pte. Ltd. to Develop Technology With Applications in the Incinerated Ash Industry


NEWPORT BEACH, Calif., June 20, 2012 (GLOBE NEWSWIRE) -- IBA Green, Inc., a wholly owned subsidiary of Pioneer Exploration Inc. (OTCQB:PIEX) announced that it has entered into a consulting agreement (the "Ari Kat Agreement"), with Ari Kat Pte. Ltd., Singapore ("Ari Kat").

Jonathan E. Hampton has been the Director of Scientific Development for Singapore based Ari Kat Pte. Ltd. for the past 6 years where his innovations resulted in the development of by-products to produce geo-polymer, ceramic, and hydrolytic cement binder technologies.  He has nearly 40 years of experience in the concrete and construction technology industries in the United States, Southeast Asia, the Ukraine, and the United Kingdom.

"We believe the addition of Jonathan's innovative technology background and expertise will complement our existing technology," said Angelo Scola, (CEO).  "Jonathan will be a good fit for us as we grow our business."

Dr. Gary Zeller, President of Zeller International, which develops non-toxic products in manufacturing and construction, has collaborated with Mr. Hampton on heavy metal stabilization in by-products for production of light-weight cements states. "These are interesting times in the stabilization and neutralization of by-products for cement and other construction materials that have become market driven.  Jonathan Hampton is very industrious in the development of the right chemistry formulations for the utilization of such by-products."

Dr. Grant Wood, a scientist who has worked with Mr. Hampton on several technologies for the processing and removal of metals and toxins from by-products said, "Mr. Hampton is innovative in a field very few people can put their arms around."

IBA Green and Ari Kat are currently in the process of completing the verification testing of their technology for the processing of fly ash for the waste-to-energy industry.

About IBA Green, Inc.

IBA Green has developed a process to mitigate the environmental issues associated with toxic end products of the waste-to-energy industry, and has developed a process to safely and economically utilize the previously toxic end product (the "IBA Technology"). The IBA Technology works in synergy with the waste-to-energy industry, converting the toxic end products into commercially viable green construction products.

The IBA Technology was specifically developed to address coal ash and incinerator bottom ash (IBA), which is the resulting residue that is created after the combustion process of burning coal or solid waste to generate electric power. Currently, there are approximately 600 coal burning and 85 waste to energy electric power plants across the USA creating an aggregate 85 million tons of toxic coal ash or IBA annually.

For further information about IBA Green Inc. please visit the company's website at http://www.ibagreen.com/

On Behalf of the Board of Directors

Angelo Scola

President & CEO

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing operating performance, events, or developments that IBA Green or Pioneer Exploration expects or anticipates will occur in the future are forward-looking statements.  Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of IBA Green or Pioneer Exploration's underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on IBA Green or Pioneer Exploration's forward-looking statements. Except as required by law, IBA Green or Pioneer Exploration disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of this release.



            

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