Nuvolt Corporation Announces a Bridge Financing

Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces the conclusion of
a bridge financing of $425,000 from entities affiliated to members of its Board
of Directors, in the form of a loan bearing interest at the rate of 12% and
guaranteed by a third hypothec on the universality of its assets. This loan will
become due on the earliest of the closing of a financing for a minimum of
$1,250,000 and December 18, 2012.


"This bridge financing will secure the continuity of our operation while we
attempt to conclude a strategic private placement to finance the marketing of
SmartScan technology" says Mr. Jacques Dion, President and Chief Executive
Officer of Nuvolt. "It shows the commitment of our board of directors and
insiders to the future of the Company in the current market environment faced by
many listed junior issuers, given the effect that this is having on our ability
to complete financings and, correspondingly, our ability to maintain and
preserve our existing operations, activities and assets. During the last three
years, insiders, friends, family and business associates of Nuvolt have invested
in excess of $6,000,000 ($12,375,000 since inception) by participating in
various private placements of debt and equity. Nuvolt shareholders are fortunate
to be able to count on such a dedicated board of directors and I personally wish
to thank them for the trust and commitment they are placing in our company in
this period of financial hardship for junior issuers".


In order to meet the continuous listing requirements of the TSX Venture Exchange
while retaining its capacity to complete private placements of equity or
convertible debt, Nuvolt intends to ask its shareholders at the next annual
meeting of shareholders, scheduled for the middle of December 2012, to approve a
consolidation of its common shares on a ten to one basis. This is an essential
step for the conversion of the above described bridge loan at maturity as part
of a larger private placement, so as to ensure the continuation of Nuvolt's
activities. 


About Nuvolt Corporation Inc. 

Nuvolt has developed a specialized expertise in the monitoring and the
management systems for electrical failures, power quality, the detection and
neutralization of leakage current for the agriculture, maritime, commercial and
industrial markets. SmartScan is now available to the agriculture market. The
SmartScan system has the ability to predict an electrical failure on equipment
and electrical networks. It could prevent equipment failures and production
downtime on production assembly lines and commercial buildings and also fire
risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the
industrial market, are under manufacturing. Launching to the market will be in
September 2012.


Certain statements contained in this press release constitute forward-looking
information. Such statements are based on the current expectations of
management. You are cautioned that such statements can be subject to a multitude
of risks and uncertainties that could cause actual results, future circumstances
or events to differ materially from those projected in the forward-looking
information. The reader should not place undue reliance on the forward-looking
information included in this press release given that (i) actual results could
differ materially from a conclusion, forecast or projection in the
forward-looking information, and (ii) certain material factors or assumptions
were applied in drawing a conclusion or making a forecast or projection as
reflected in the forward-looking information could prove to be inaccurate. There
is no guarantee that the proposed private placement can be completed on the
terms described in this press release. These statements speak only as of the
date they are made, and Nuvolt assumes no obligation to revise such statements
as a result of any event, circumstance or otherwise, except in accordance with
law.