Essex Angel Capital Inc. Announces Private Placement of Up to $1,000,000

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


Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") is pleased to
announce a non-brokered private placement (the "Private Placement") of up to
12,500,000 common shares in the capital of the Corporation (the "Common Shares")
at a price of $0.08 per share for gross proceeds of up to $1,000,000. The Common
Shares will be subject to a four month hold period in accordance with applicable
Canadian securities laws. The Private Placement is subject to the approval of
the TSX Venture Exchange. The net proceeds of the Private Placement will be used
to identify, evaluate and fund investments and for working capital and general
corporate purposes. The Corporation may issue such number of compensation
warrants equal up to 10% of the total number of Common Shares issued under the
Private Placement and pay finder's fees of up to 10% of the gross proceeds. The
Private Placement is scheduled to close on or about June 20, 2012.


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" 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 proposed
terms of, and the intended use of proceeds of, the Private Placement.


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.