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News Release - February 25, 2021Pinnacle Renewable Energy Announces the Cancellation of Fiscal 2020 Fourth Quarter and Year-End Conference Call Originally Scheduled for February 25, 2021

VANCOUVER, BC, Feb. 24, 2021 /CNW/ - Pinnacle Renewable Energy ("Pinnacle" or the "Company") (TSX: PL) today announced cancellation of the scheduled conference call for investors and analysts originally scheduled for February 25, 2021.  Fiscal 2020 fourth quarter and year-end financial results were released on Wednesday, February 24, 2021.

ABOUT PINNACLE

Pinnacle is the second largest producer of industrial wood pellets in the world.  The Company's products are used to displace fossil fuels in the production of baseload electrical power in key markets around the world.  The Company operates nine production facilities in Western Canada and one in Alabama, with one additional facility under construction in Alabama and more in development.  The Company also owns a port terminal in Prince Rupert, B.C.  Pinnacle has entered into long-term, take-or-pay contracts with utilities in the U.K., Europe and Asia that represent an average of 99% of its production capacity through 2026.

SOURCE Pinnacle Renewable Energy Inc.

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