Essex Angel Capital Inc. Announces Closing of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Further to its press release dated August 23, 2013, Essex Angel Capital Inc.
(TSX VENTURE:EXC) (the "Corporation") is pleased to announce the closing of a
private placement (the "Private Placement") of 10,000,000 units of the
Corporation (the "Units") at a price of $0.005 per Unit (the "Offering Price")
for gross proceeds of $50,000. Each Unit is comprised of one common share in the
capital of the Corporation (a "Common Share") and one Common Share purchase
warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one
Common Share (a "Warrant Share") at a price of $0.05 per share for a period of
12 months from the issuance date thereof. The Corporation paid $5,000 as a
finder's fee and issued 1,000,000 finder's warrants to Jescorp Capital Inc. The
finder's warrants have terms which are identical to the Warrants. The Private
Placement has been approved by the board of directors of the Corporation. The
Common Shares, the Warrants and the Warrant Shares will be subject to a four
month and one day hold period in accordance with applicable Canadian securities
laws. The Private Placement was conducted in accordance with the relief
provisions (the "Relief Provisions") set forth in the bulletin of the TSXV dated
April 12, 2013 - Private Placements - Extension and Modification of Temporary
Relief from Certain Pricing Requirements. The net proceeds of the Private
Placement will be used in accordance with the Relief Provision and as follows:
(i) approximately $13,000 to hold a re-scheduled special and annual meeting of
the shareholders; (ii) approximately $21,000 to pay for outstanding legal fees;
and (iii) approximately $11,000 for general working capital purposes. 


This news release does not constitute an offer to sell or solicitation of an
offer to sell any of the Common Shares in the United States. The Common Shares
have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available. 


This press release contains certain forward-looking statements about the
Corporation's future plans and intentions. Wherever possible, words such as
"may", "will", "should", "could", "expect", "plan", "intend", "anticipate",
"believe", "estimate", "predict", "scheduled" or "potential" or the negative or
other variations of these words, or similar words or phrases, have been used to
identify these forward-looking statements. These statements reflect Management's
current beliefs and are based on information currently available to management
as at the date hereof. Forward-looking statements included or incorporated by
reference in this press release include statements with respect to anticipated
use of proceeds.


Forward-looking statements involve significant risk, uncertainties and
assumptions. Many factors could cause actual results, performance or
achievements to differ materially from the results discussed or implied in the
forward-looking statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions, the
Corporation cannot assure readers that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this press release, and the Corporation assumes no obligation to
update or revise them to reflect new events or circumstances, except as required
by law.


Neither TSX-V nor its Regulation Services Provider (as that term is defined in
the policies of the TSX-V) accepts responsibility for the adequacy or accuracy
of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Essex Angel Capital Inc.
Richard Galdi
Chief Executive Officer
519-969-0129
[e-mail]
www.essexangelcapital.com