GreenAngel Restates Quarterly Filings and MD&A to Comply With IFRS

GreenAngel Energy Corporation ("GreenAngel") (TSX VENTURE:GAE) reports that it
has restated its quarterly financials for the three month period ending February
29, 2012. 


The previous financial statements were reported using Canadian Generally
Accepted Accounting Principles, while the amended and restated financial
statements are prepared in accordance with newly mandated International
Financial Reporting Standards. The amended and restated financial statements did
not have a significant impact on the previously reported results.


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 investee companies, GreenAngel also mentors and advises investees to
help ensure these companies achieve commercial success. The firms include
Delaware Power Systems, Light-Based Technologies, Habitat Carbon Assets, Rapid
Electric Vehicles, DPoint Technologies, and Paradigm Environmental Technologies.
For more information, please visit www.greenangelenergy.ca.


ON BEHALF OF THE BOARD

Bob de Wit, CEO and Director

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.