MicroPlanet Technology Corp. ("MicroPlanet" or the "Corporation") (TSX
VENTURE:MP)(PINKSHEETS:MCTYF) a provider of smart grid and power quality
technology and products, which significantly increases efficiency, quality and
conservation of electricity and enables the integration of alternative energy
into the power grids is pleased to report its unaudited interim consolidated
financial results for the three-month period ended March 31, 2014 (the
"Quarter") and to announce the TSXV final approval of its previously announced
non-brokered private placement. 


MicroPlanet reported the following results for the Quarter



--  Continued concerted efforts to establish strategic relationships to both
    provide additional capital and to synergistically accelerate the
    deployment of MicroPlanet products. 
--  Provided voltage regulation equipment and on site services to United
    Energy in Melbourne, Australia to implement a trial of the use of low
    voltage regulators as part of a standard design to achieve grid
    stability. 
--  Initiated and received final TSXV Exchange approval on May 26, 2014 of a
    private equity offering with gross proceeds of combined closings
    totaling CDN$1,007,966. 
--  Reduced operating expenses by USD$186,332 for the Period as compared to
    Prior Period to preserve capital. 
--  Financial Summary for the three month period ended March 31 in US
    dollars: 

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                                               Three Months ended March 31, 
                                      --------------------------------------
                                                    2014               2013 
                                      --------------------------------------
Sales                                   $         14,502   $        107,440 
Operating loss                          $       (324,414)  $       (432,675)
Comprehensive income (loss)             $       (204,201)  $         43,755 
Basic income (loss) per share           $         (0.001)  $          0.000 
Weighted average shares outstanding          161,422,249        113,455,030 
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MicroPlanet's unaudited interim consolidated financial information for the
three-month periods ended March 31, 2014 and 2013, along with the accompanying
Management's Discussion and Analysis for the same period is available on SEDAR
(www.sedar.com).


Unit Private Placement

The Corporation received final TSXV Exchange approval of its previously
announced unit private placement wherein the Corporation issued a total of
50,398,310 Units at a price of CDN$0.02 per Unit for gross proceeds of
CDN$1,007,966. 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 CDN$0.02 per common share. Directors and Officers of the
Corporation participated in the final closing of the private placement by
investing USD$87,500 (CDN$96,577) and receiving 4,828,862 Units. 


The Units were sold pursuant to applicable registration and prospectus
exemptions to qualified investors in the United States and Canada. 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. 


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
425-984-2746 (FAX)
jtanner@Microplanet.com


MicroPlanet Technology Corp.
Ed Garth
Chief Financial Officer
206-790-7790
425-984-2746 (FAX)
egarth@microplanet.com
www.microplanet.com