Essex Angel Capital Inc. Announces Termination of Private Placements of Common Shares and Convertible Debentures

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


Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") announces that,
further to its May 9, 2012, June 21, 2012 and June 15, 2012 press releases, it
will not proceed with its previously announced private placements of common
shares and convertible debentures. As a consequence, the Corporation has also
determined not to proceed at the present time with its proposed investment in
Wellness Indicators, Inc as described in the Corporation's June 15, 2012 press
release. 


The Corporation is evaluating and considering financing alternatives to enable
it to make additional investments in accordance with its investment policy.


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.