UPDATE: Advanced Emissions Solutions Offers Refined Coal Update: CCS Will Get Over $18M Upfront Payment

Advanced Emissions Solutions, Inc.

(the "Company") today announced that Clean Coal Solutions, LLC ("CCS"), a joint venture among the Company's subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has leased an additional Refined Coal ("RC") facility to an existing RC investor. As part of the transaction, CCS will receive more than $18 million in upfront cash payments. The RC facility, which began full-time operations in late September, is located at a coal plant that has historically burned more than 7 million tons of coal per year. 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. Eleven of these RC facilities are now fully or partially leased or sold to four different RC investors, and are expected to generate more than $130 million in annual revenues to CCS. ADA-ES, Inc. owns 42.5% of CCS. Dr. Michael D. Durham, President and CEO of Advanced Emissions Solutions said, "We are pleased to have leased an additional RC facility and we look forward to working with this utility and RC investor in the future. We continue to work toward maximizing the cumulative cash flows we receive from CCS by focusing on increasing the total tons of coal treated by our 28 RC facilities and look forward to additional successes in the coming months as additional RC facilities begin full-time operation and are leased or sold to RC investors."