Borealis Exploration Limited Weekly Update for the Two Weeks Ended 18 November 2013 - Part I

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AMTPF / BOREF, BOREY / CHOMF / COLCF / FWYPF / PHPWF/ PWCHF / RCHBF,

WheelTug plc and other members of the Borealis Family of Companies

Update for the 2 weeks ending 18 November 2013

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AMPCC Test Results

Please note the attached released dated today.

POWER CHIPS PLC AND COOL CHIPS PLC CONFIRM THE ABILITY TO ENHANCE ELECTRON

EMISSIONS USING AVTO METALS TECHNOLOGY

Key Words:

Avto Metals plc www.avtometals.gi

Power Chips plc www.powerchips.gi

Cool Chips plc www.coolchips.gi

Borealis Exploration Limited www.borealis.gi

BOREF

BOREY

COLCF

PWCHF

eV

Work Function

PSE.cz

Thermal Management

Power Production

Thermonics

Thermoelectric

Gibraltar, 18 November 2013 -- Power Chips plc (OTC PINK:PWCHF) and Cool

Chips plc (OTC PINK:COLCF) announce that their licensed Avto Metals

technology to enhance the emission of electrons from surfaces has now been

successfully replicated in a series of independent tests. When

commercialized for Power Chips™, this technology should make possible an

array of new products over many industries and applications, including a

more efficient way to generate electrical power directly from heat with no

moving parts.

When commercialized for Cool Chips™, the technology will offer greatly

enhanced thermal management capabilities for many consumer and industrial

applications, enabling more efficient, smaller, cleaner, lower-cost and

non-polluting products.

Power Chips plc and Cool Chips plc plan to both licence and directly develop

these applications.

The patented proprietary technology, called Avto Metals™, reduces the work

function of materials including metals and semiconductors. Work function is

a measure of the energy required to remove an electron from a material. By

reducing the work function barrier, electrons can escape more readily. This

technology allows, for example, the design and building of more efficient

thermionic/thermoelectric converters and better thermal management devices

and possibly has use in many other industrial processes.

The new technology results from the discovery that quantum interference,

which reduces quantum state density at a material's surface, can be achieved

on a macroscopic scale. Simply by modifying the surface texture of a

material in precise ways, using methods commonly applied in the manufacture

of semiconductor devices, engineers should be able to exploit this Avto

Effect™ and transform existing materials into materials with

precisely-engineered properties for many new applications. When we fully

understand the Avto Effect, we could possibly be able to custom design work

functions for multiple different applications.

Tests completed last week, conducted on silicon wafers with a nanoscale line

pattern, covering millimeter-scale test pads and forming a surface texture

to demonstrate the Avto Effect, showed significant and consistent reductions

in work function. Results were in line with prior tests using surfaces of

several metals. This work on the science and the technology has been ongoing

for more than 15 years. More than 40 issued patents cover both the basic

technology and many applications.

The steps forward to commercialization are not trivial and obviously high

value products will be the first developed. Commercialization is now

possible because of the tremendous advances in semiconductor technology in

the last decade which made possible the building of the required Avto Metal

structures in a major university laboratory. When the Avto Metals work began

over 15 years ago, the world simply did not have the required nanoscale

technology to either build or confirm the underlying Avto Metals science.

After scaling to larger dimensions, the technology should enable large cost

and efficiency improvements in electrical power generation and

refrigeration. The power generation technology, called Power Chips, should

revolutionize electrical power generation across virtually all applications.

For example, adding Power Chips to extract heat that is now wasted in

conventional power plants should be able to increase power generation by up

to 20% with no change in fuel consumption or emissions. Power Chips should

make possible safe, efficient distributed power, enabling buildings or

factories to cogenerate their own electricity from waste heat or geothermal

sources. In automobiles and other vehicles, for example, Power Chips may

replace the alternator, reducing the mechanical load on the engine and

thereby increasing the efficiency of internal combustion engines and

hybrids.

The cooling technology derived from the Avto Effect, called Cool Chips,

should similarly reduce the cost and increase the efficiency of most cooling

or refrigeration systems. It requires no moving parts or motors, produces no

chemical emissions, and can be miniaturized for use in micro-electronic

applications.

The Avto Metals technology is being developed by Avto Metals plc, which has

a stock symbol AMTPF but whose shares have never publicly traded, while

Power Chips are being developed by Power Chips plc (OTC PINK:PWCHF), and

Cool Chips are being developed by Cool Chips plc (OTC PINK:COLCF). All three

companies are majority-owned and two are publicly-traded subsidiaries of

Borealis Exploration Limited (PSE.cz:BOREY)(OTC PINK:BOREF).

We are in discussions at present to obtain the necessary funding to bring at

least one Power Chip and one Cool Chip product to market. There can be no

assurance that these discussions will be successful or that the ongoing work

will produce any marketable products.

For more information, contact:

Dr. Rodney T. Cox, CEO

+44 207 101 9592

pr@powerchips.gi

pr@coolchips.gi

Forward-Looking Statement

The discussion of Power Chips plc and Cool Chip plc's business and

operations in this release includes in several instances forward-looking

statements, which are based upon management's good faith assumptions

relating to the financial, market, operating and other relevant environments

that will exist and affect the Power Chips plc and Cool Chip plc's business

and operations in the future. All technical, scientific, and commercial

statements regarding technologies and their impacts are based on the

educated judgment of the technical and scientific staff of Power Chips plc

and Cool Chips plc. No assurance can be made that the assumptions upon which

management based its forward-looking statements will prove to be correct, or

that the business and operations of Power Chips plc and Cool Chips plc will

not be affected in any substantial manner by other factors not currently

foreseeable by management or beyond Power Chips plc and Cool Chip plc's

control.

All forward-looking statements involve risks and uncertainty. Neither Power

Chips plc nor Cool Chips plc undertakes any obligation to publicly release

the result of any revisions to these forward-looking statements that might

be made to reflect the events or circumstances after the date hereof, or to

reflect the occurrence of unanticipated events; including those described in

this release, and such statements shall be deemed in the future to be

modified in their entirety by the public pronouncements, including those

contained in all future release, reports, and other documents filed by Power

Chips plc and/or Cool Chips plc with relevant Securities Commissions.