GAE Timia Capital Corp

GreenAngel Energy Corp. (TSX VENTURE:GAE) ("GreenAngel") today announces that
Bruce Schmidt has been appointed as the company's new CEO, replacing Bob de Wit.
Remaining as an active director on the GreenAngel Energy Board, Mr. de Wit has
taken a full time position with the Greater Vancouver Home Builders'
Association, effective October 2012.


"As one of the founding directors it was a straight forward decision to appoint
Bruce as the new CEO," says Chairman Mike Volker. "Bruce has been an ongoing
influence on GreenAngel's investment strategy." Replacing Bruce as the chief
finance officer (CFO) will be newest board member James Pratt.


"First, I'd like to thank Bob for his valuable service from the outset of the
company's creation," comments Bruce Schmidt. "I will strive to continue to
increase shareholder value and to seek out early stage undervalued green energy
assets which we can finance and mentor into tomorrow's top green technology
companies."


To learn more about Bruce and his diverse experience in the green technology and
angel investing space in Vancouver follow this link
http://greenangelenergy.ca/bruce.


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, Mazza Innovation, 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

Michael Volker, Chairman

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.

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