GreenAngel Energy Reports on Impact of Write Down in Light-Based Technologies Inc

GreenAngel Energy Corp ("GreenAngel") (TSX VENTURE:GAE) reported yesterday that
it will write down its $390 thousand investment in Light-Based Technologies Inc.


By taking this write-down, GreenAngel's net asset value per share will be
reduced by $.045 per share. There is no liability or impairment to GreenAngel as
a result of this write-down.


GreenAngel continues to build its portfolio of investment companies and is
exploring new investment opportunities in the clean technology sector.


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. 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:
Michael Volker
GreenAngel Energy Corp.
+1.604.644.1926
[e-mail]
www.greenangelenergy.ca