Dominovas Energy Provides Update on Audit Committee

(via Thenewswire.ca)

Atlanta, Georgia / TheNewswire / December 18, 2015 - Dominovas Energy Corporation ("Dominovas" or the "Company") (OTCQB: DNRG) provides the following update regarding its Audit Committee:

1. 1.The Audit Committee's Charter

The Audit Committee Charter was adopted on July 7, 2015.

1. 2.Composition of the Audit Committee

The members of the audit committee are: (1) Neal Allen, (2) Emilio DeJesus, and (3) Spero Plavoukos. Per the Audit Committee Charter, the majority of the members are (i) independent and (ii) each is financially literate.

1. 3.Relevant Education and Experience of Audit Committee Members

Mr. Neal Allen, Dominovas Energy's Chairman and Chief Executive Officer. Mr. Allen's experience and expertise is utilized in a manner consistent with the duties, thereto. He is also charged with the title of Senior Strategist. Mr. Allen formerly served in the same capacity with Dominovas Energy, LLC. Prior to Dominovas Energy, LLC he served as the Principal Shareholder of a private Family Office, which specialized in the development and implementation of proprietary revenue models as a force multiplier ensuring optimal deployment, utilization, and management of financial resources. Under Mr. Allen's watch, the Family Office's endeavors included the ownership of: a "major brand" automobile dealership, several healthcare companies, waste management and disposal enterprises, land acquisition and development, and natural resource development enterprises. Mr. Allen majored in finance and studied law and is proud to be a University of Southern California Trojan.

Mr. Emilio DeJesus, Dominovas Energy Board Member and Special Advisor for Angola. Mr. DeJesus has managed large telecommunications projects over 15 years for a major fortune 500 company. His extended experience includes the deployment of new technologies within the Continental United States of America. He has engineered the creation of business in Asia, North America, and Africa. These businesses are profitable ventures along with providing training and job creation in emerging economies.

Mr. DeJesus has a Bachelor of Science in Electrical Engineering from Temple University in Philadelphia, Pennsylvania, USA; a Master's Degree in Telecommunications Management from the Stevens Institute of Technology in Hoboken, New Jersey; and a MBA from George Washington University in Washington, DC, USA. He also has extended Post Graduate certifications in Business Management and Technology, and he is also certified Lean Six Sigma Green Belt.

DeJesus is a member of IEEE, US-Angola Chamber of Commerce, and sits on the Board of Directors for Worldtibe Group International and Grupo Jemilce. These corporations have interests in the fields of cosmetics, transportation, commodities trading, oil waste management, agriculture, industrial cleaning, and real estate.

Mr. Spero Plavoukos Dominovas Energy Board Member. Currently, Mr. Plavoukos serves as Vice President of Pacific Design Center, with specific duties and responsibilities that include the management, special projects and special events of the campus, which is located in West Hollywood, California. The Pacific Design Center is comprised of over 1,750,000 square feet of Class "A" office and showroom space. Mr. Plavoukos' commitment to fiscal responsibility coupled with the implementation of unique, common sense, above-standard operating procedure, and the creation of event-savvy teams have consistently allowed his operations to experience unprecedented growth and profitability.

1. 4.Audit Committee Oversight

Since the commencement of the Company's most recently completed financial year, there has been no recommendation of the audit committee to nominate or compensate an external auditor that has not been adopted by the board of directors.

1. 5.Reliance on Certain Exemptions

Since the commencement of the Company's most recently completed financial year, the Company has relied upon the exemption in section 6.1 of National Instrument 52-110.

1. 6.Pre-Approval Policies and Procedures

The audit committee has yet to adopt specific policies and procedures for the engagement of non-audit services other than those described in the Audit Committee Charter attached as Schedule "A" to this press release.

1. 7.External Auditor Service Fees (by category)

The following table sets forth, by category, the fees billed by Dale Matheson Carr-Hilton Labonte LLP, the Company's auditors, for the years ended August 31, 2014 and 2013:

For more information on corporate governance please visit http://dominovasenergy.com/governance

About Dominovas Energy Corporation (DNRG)

Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON(TM) Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. By manufacturing and deploying the RUBICON(TM) throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable.

For more information please visit www.dominovasenergy.com

Contact:

QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.net

Copyright (c) 2015 TheNewswire - All rights reserved.