OPEL Technologies Completes the Financing

OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company")
is pleased to announce that it has successfully completed a $7.2 million private
placement which was oversubscribed from the previously announced $5.5 million.
The financing consisted of 14,400,000 Units at a price of C$0.50 per unit. Each
unit comprises one common share and one common share purchase warrant. One full
warrant allows the holder to acquire one common share of OPEL at an exercise
price of C$0.75 per share until February 14th, 2015. The private placement was
conditionally accepted by the TSX Venture Exchange. The securities issued
pursuant to the private placement will be subject to a hold period which expires
on June 15, 2013.


The Company paid cash commissions of 7% of the funds raised and issued a number
of broker warrants equal to 10% of the units raised. Each broker warrant allows
the holder to acquire one common share of OPEL at a price of C$0.50 until
February 14th, 2016.


At this time, the Board and Management would like to extend special thanks to
IBK Capital for another successful financing. IBK has a long-standing history of
supporting OPEL and its business. This funding will provide the Company with the
capital required to complete a $1.3M equipment acquisition, fund ODIS's internal
and third party development efforts, general administrative expenses and working
capital. With the capital in place, OPEL is in a position to aggressively
continue development work towards its previously announced milestones and its
strategy of the monetization of the POET Technology.


The Board recognizes its member, Peter Copetti, Executive Director, who
collaborated strongly with IBK to get this financial raise completed in a rapid
time frame. Peter's efforts since joining the OPEL Board have been instrumental
in OPEL's return to solid financial health.


Finally, Management wishes to thank all our investors for their continued
support of the Company. As additional material news arises, OPEL will keep its
shareholders informed.


About OPEL Technologies Inc. and ODIS Inc.

With head office in Toronto, Ontario, Canada, and operations in Storrs, CT, the
Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices
for military, industrial and commercial applications, including infrared sensor
arrays and ultra-low-power random access memory; and through OPEL Solar, Inc.,
provided systems for energy applications. The Company has 34 patents issued and
6 patents pending, primarily for its semiconductor POET process, which enables
the monolithic fabrication of integrated circuits containing both electronic and
optical elements, with potential high-speed and power-efficient applications in
devices such as servers, tablet computers and smartphones. OPEL's common shares
trade on the TSX Venture Exchange under the symbol "OPL". For more information
please visit our websites at www.opeltechinc.com and for ODIS at
www.odisinc.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary 

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning the milestones and the monetization of the POET Technology.


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect.


Although OPEL believes that the expectations reflected in the forward-looking
information or statements are reasonable, prospective investors in OPEL's
securities should not place undue reliance on forward-looking statements because
OPEL can provide no assurance that such expectations will prove to be correct.
Forward-looking information and statements contained in this news release are as
of the date of this news release and OPEL assumes no obligation to update or
revise this forward-looking information and statements except as required by
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
OPEL Technologies Inc.
Patricia Venneri Agudow
Vice President, Public Relations
[phone] Ext. 2612
[e-mail]
www.opeltechinc.com