Nuvolt Corporation Provides the Details of the Consolidation of its Share Capital Which Will Be Submitted to the Approval of ...

Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces that at its
annual meeting which will be held on December 18, 2012 at the offices of
Langlois Kronstrom Desjardins, Complexe Jules-Dallaire, Building T3, 2820
Laurier Blvd., 13th Floor, Quebec, G1V 0C1, the shareholders will be called upon
to approve the consolidation of its capital on the basis of ten for one. 


As disclosed in the information circular distributed to the Nuvolt shareholders
in connection with the meeting, there are presently 146,884,574 issued and
outstanding common shares of the Corporation. Nuvolt proposes the consolidation
of its share capital in order to facilitate future financings in accordance with
the rules of the TSX Venture Exchange.


Accordingly, shareholders will be asked to approve a special resolution
authorizing an amendment to the Articles of the Corporation so as to consolidate
the common shares of the Corporation on the basis of one new common share for
every ten common shares issued and outstanding. Based on the number of common
shares currently issued and outstanding, the share consolidation would result in
approximately 14,688,457 common shares being issued and outstanding after the
effective date of the consolidation. In order to be adopted, the Special
Resolution must be approved by at least two-third of the votes cast by the
holders of common shares, either present in person or represented by proxy at
the Meeting. The share consolidation is subject to the approval of the TSX
Venture Exchange.


No fractional shares will be issued upon consolidation of the common shares. If
as a result of the share consolidation a shareholder becomes entitled to a
fractional common share, such fraction will be rounded to the nearest whole
number.


There will not be a change of name of the Corporation in conjunction with the
share consolidation. Pursuant to the policies of the TSX Venture Exchange, it
will be necessary for the Corporation to adopt a new stock symbol in connection
with the share consolidation. The Corporation will announce the symbol by way of
press release.


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 were launched 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jacques Dion CEO
Telephone: [phone]
[phone] (FAX)