MicroPlanet Announces Additional Closing of Private Placement

MicroPlanet Technology Corp. ("MicroPlanet" or the "Corporation") (TSX
VENTURE:MP)(PINKSHEETS:MCTYF) a provider of smart grid and power quality
technology and products, which significant increases efficiency, quality and
conservation of electricity and enables the integration of up to 95%+
penetration of alternative energy into electrical grids' low voltage networks is
pleased to announce the closing of an additional Tranche of its previously
announced Private Placement. To date, the Corporation has issued a total of
18,288,968 Units at a price of $0.02 per Unit for gross proceeds of CDN$365,779.
The Corporation previously announced the closing of 5,558,200 Units for gross
proceeds of CDN$111,164. Each Unit was comprised of one common share in the
capital of the Corporation and one common share purchase warrant. Each warrant
entitles the holder to acquire one common share in the capital of the
Corporation at any time until the date that is 36 months following the closing
date upon payment of the exercise price of $0.02 per common share. 


The Units were sold pursuant to applicable registration and prospectus
exemptions to qualified investors in the United States. The common shares and
any common shares acquired pursuant to the exercise of the warrants comprising
the Units are subject to a four-month hold period in accordance with applicable
securities laws. 


This press release does not constitute an offer to sell or a solicitation of an
offer to buy the securities in the United States. The securities offered have
not been registered under the U.S. Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an
application exemption from the registration requirements.


About MicroPlanet Technology Corp.

MicroPlanet Technology Corp. is a smart grid, energy conservation company, whose
technology dynamically and steplessly regulates voltage with unrivaled speed and
accuracy using its patented and advanced power electronics. MicroPlanet's
technology solutions have been deployed in seven countries by more than 20
utilities, the U.S military and multiple commercial customers to manage voltage
on networks, save energy, improve power quality and grid efficiency and to
facilitate the integration of renewable energy sources, including solar and
wind. MicroPlanet is based in Seattle, WA and is listed on the TSXV and trades
on the OTC under the stock symbol: MP and MCTYF, respectively.
www.microplanet.com


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MicroPlanet Technology Corp.
Joe Tanner
President & Chief Executive Officer
360-910-1600
206-625-0999 (FAX)
[e-mail]


MicroPlanet Technology Corp.
Edward Garth
Chief Financial Officer
206-790-7790
206-625-0999 (FAX)
[e-mail]
www.microplanet.com