Essex Angel Capital Inc. Announces Financial Results for Fiscal 2011

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THE UNITED STATES


Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") today announces
the filing of its audited financial results for the year ended August 31, 2011.
During the year ended August 31, 2011, the Corporation posted a net and
comprehensive loss of $748,557 ($0.033 per share, basic and fully diluted),
compared to a net and comprehensive loss of $12,798 for the period ended August
31, 2010 ($0.004 per share, basic and fully diluted).


During the period from incorporation to August 31, 2011, the Corporation had no
business activities other than in connection with its incorporation, initial
public offering which closed on December 7, 2010 and the Qualifying Transaction
(as such term is defined in Policy 2.4 of the TSX Venture Exchange) that closed
on July 15, 2011.


"2011 was a key year for Essex Angel and its strategic investments in two
exciting and emerging companies," said Richard Galdi, President and Chief
Executive Officer of the Corporation. 


This financial summary should be read in conjunction with the Corporation's
audited financial statements for the period ended August 31, 2011 and
Management's Discussion and Analysis, both of which are available on
www.sedar.com.