GreenAngel Energy Announces Non-Brokered Private Placement

GreenAngel Energy Corp. ("GreenAngel") (TSX VENTURE:GAE) is pleased to announce
a non-brokered private placement to raise a maximum of $50,000 from the issuance
of up to 714,286 units at a price of $0.07 per unit. Each unit is comprised of
one common share in the capital of GreenAngel and one non-transferable common
share purchase warrant. Each warrant entitles the holder to acquire one common
share at an exercise price of $0.10 for a period of two years.


Directors and officers of the Company have agreed to subscribe for units
pursuant to the private placement. All securities issued under the private
placement will be subject to a four-month hold period.


Proceeds from the private placement will be used for general working capital and
to consider additional investments in emerging clean energy technologies. 


The private placement is subject to receipt of necessary stock exchange approval.

ON BEHALF OF THE BOARD

Michael Volker, Chairman

About GreenAngel Energy

GreenAngel Energy Corp. is the first publicly traded company that invests solely
in emerging private green technology companies. We provide an avenue for public
investors to gain access to a portfolio of the most promising angel-stage
investments across a spectrum of green technology sectors. Our focus is
commercializing new technologies that produce renewable energy, improve energy
efficiency, or use renewable energy resources such as water, wind and solar. We
also work with companies that deploy or manage technologies and processes that
reduce greenhouse gas (GHG) emissions. In addition to providing strategic
capital to investor companies, GreenAngel also mentors and advises investors to
help ensure these companies achieve commercial success. The firms include
Delaware Power Systems, Mazza Innovation, Light-Based Technologies, Habitat
Carbon Assets, mojio, DPoint Technologies, and Paradigm Environmental
Technologies. For more information, please visit www.greenangelenergy.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements that reflect
the expectations of management regarding the Company's listing of its common
shares on the TSX Venture Exchange. Forward-looking statements consist of
statements that are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future. Such statements
are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the
statements. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits the
Company will obtain from them.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor & Media: GreenAngel Energy Corp.
Michael Volker
+1.604.644.1926
[e-mail]
www.greenangelenergy.ca