Advanced Emissions Solutions Provides Operations Update

Advanced Emissions Solutions, Inc.

(the "Company") today provided an operations update on its businesses. Refined Coal Update ("RC") The Company produces Refined Coal through Clean Coal Solutions, LLC ("CCS"), a joint venture among our subsidiary ADA-ES, Inc. (42.5%), an affiliate of NexGen Resources Corporation (42.5%), and an affiliate of The Goldman Sachs Group, Inc. (15%). In late September, CCS started full-time operations of an additional RC facility at a coal plant that has historically burned more than 7 million tons of coal per year. The RC facility is using both CyCleanTM and M-45-PCTM technology to treat multiple boilers at the plant. It is expected that negotiations with a third party equity investor will be finalized in the coming weeks. CCS now has 16 RC facilities that have begun full-time operations and are located at coal plants that collectively have historically burned more than 50 million tons of coal per year. Ten of these RC facilities are now fully or partially leased or sold to four different RC investors and are expected to generate more than $110 million in annual revenues to CCS. Permanent installation work is underway for two RC facilities with permanent installation work for additional RC facilities expected to begin this fall. During the third quarter of 2014, a total of 10.1 million tons of RC were produced, of which 1.8 million tons were produced at RC facilities that generated tax credits for the benefit of the members of CCS. Emissions Control ("EC") The Company has contracted more than $45 million of EC awards in 2014 to date, is delivering projects in its backlog, and is bidding on future projects, the majority of which will be for utilities that received a one-year compliance deadline extension. As well, ADES continues to advance and develop additional products to help its customers comply with existing and future emissions regulations. Cash Position At September 30th 2014, the Company had cash and cash equivalents in excess of $31 million and minimal long term debt. This number does not include more than $1 million in cash at the CCS joint venture.