PRP Purpose Conservative Income Fund

ProSep Inc. (TSX:PRP) ("ProSep" or the "Company"), dedicated to providing
process solutions to the oil and gas industry, today announced it was awarded
three contracts for a total value of $3 million. These awards include a $2
million CO2 gas treatment membrane package for installation at an onshore
facility located in the US, a produced water treatment package and nitrogen
generation system destined for installations offshore South East Asia.
Deliveries are expected to occur by the end of this year and into the first half
of 2014. 


"Our backlog of signed contracts now stands at approximately $18 million, said
Jacques L. Drouin, president & CEO. With a strong book of opportunities and
increased activity at our American, Malaysian and Middle-Eastern operations, we
believe this momentum will continue into the third and fourth quarters of this
year."


About ProSep 

ProSep is a technology-focused process solutions provider to the upstream oil
and gas industry. ProSep designs, develops, manufactures and commercializes
technologies to separate oil, water and gas generated by oil and gas production.
For more information, please visit www.prosep.com. 


Caution concerning forward-looking statements

This press release may contain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements can generally be identified
by the use of the conditional tense, the words "may", "should", "would",
"believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee",
"objective" or "continue" or the negative of these terms or variations of them
or words and expressions of similar nature. In particular, forward-looking
statements regarding ProSep's plans for its business development strategy,
anticipated customer orders, sales and revenues, financial and operational
projections and anticipated results, anticipated results of field testing with
potential customers and expected benefits of ProSep's proprietary technologies;
and anticipated impact on ProSep of the factors discussed under the heading
Selected Risks in the latest management discussion and analysis document
("MD&A"). These forward-looking statements are based on, among other things,
management's assumptions, expectations, estimates, objectives, plans and
intentions as of the date hereof pertaining to, but not limited to demand for
ProSep's solutions, projected revenues and expenses, the economic and industry
environments in which the Company operates or which could affect its activities,
the Company's ability to attract new customers, projected operating costs and
cost of raw materials and energy supply, expected timing and amount of capital
expenditures program of ProSep's potential customers, target market acceptance
of ProSep's solutions, current and future solutions performance, evolving market
conditions for oil & gas producers; and success of commercialization approach
and strategic partnership initiatives. 


Although ProSep believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because ProSep can give no assurance
that they will prove to be correct. Because forward-looking statements address
future events and conditions, by their very nature they involve numerous
inherent risks and uncertainties that contribute to the possibility that the
forward-looking statements may prove to be incorrect. ProSep cannot assure
investors that any of these forward-looking statements will prove to be
accurate. Further, if any of these statements are inaccurate, the inaccuracy may
be material. Actual performance and results could differ materially from those
currently anticipated in the forward-looking statements due to a number of
factors and risks. Some of the factors that could cause such differences
include, but are not limited to uncertainty as to market acceptance of new
solutions and possible technological change, competition, economic environment
and especially conditions in the oil & gas industry, legislative or regulatory
developments, ProSep's ability to penetrate core markets, expand into new
markets and manage future growth, the need for additional financing and
uncertainties as to access to sufficient capital financing on acceptable terms,
uncertainty as to achievement of profitability and ability to meet cash
requirements, availability and retention of management and key personnel, the
long sales and implementation cycles for ProSep's solutions, reliance on major
customers, manufacturing, project execution, product defect and product
liability risks, dependence on third party suppliers, exchange rate and currency
fluctuations, protection of ProSep's intellectual property rights; and risks
related to ProSep's foreign operations and compliance with anti-corruption and
anti-bribery laws. Assumptions, expectations and estimates made in the
preparation of forward-looking statements and risks that could cause actual
results to differ materially from current expectations are further discussed
under "Selected Risks" in the latest MD&A. In light of the significant risks and
uncertainties in these forward-looking statements, investors should not place
undue reliance on or regard these statements as a representation or warranty by
the Company or any other person that the Company will achieve its objectives,
strategies and plans in any specified time frame, if at all. The forward-looking
statements contained or incorporated by reference in this management discussion
and analysis relate only to events as of the date on which the statements are
made. Except as required under applicable securities legislation, the Company
does not undertake to update or revise these forward-looking statements, whether
as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ProSep Inc.
Investor Relations and Media:
Danielle Ste-Marie
VP Marketing & Corporate Development
(514) 522-5550 ext. 238
dste-marie@prosep.com

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