GAE Timia Capital Corp

GreenAngel Energy Corp ("GreenAngel") (TSX VENTURE:GAE) is pleased to announce
that it has entered into an agreement with Espresso Capital Partners ("ECP")
whereby GreenAngel will issue interest-bearing notes (the "Notes") to accredited
investors for purposes of participating in ECP's limited partnership funds. The
Notes will provide investors with up to 2.2% in quarterly interest payments. The
Notes are RRSP and TFSA eligible.


GreenAngel has been an investor in ECP for several years over which time
Espresso successfully completed more than 190 transactions representing
$64,000,000 in value to Canadian technology companies. Gary Yurkovich of ECP
comments, "We have a five year track record of delivering more than 14%
consistently on an annual basis for the funds that we managed. Our agreement
with GreenAngel will make it possible for investors to use their RRSP accounts
with a smaller commitment level."


ECP is in the business of making secured short term loans to technology ventures
to assist them with early stage development. Many of the loans are secured by
government account receivables such as refundable tax credits.


As a public company, GreenAngel has the advantage of being able to issue debt
instruments to RRSP and TFSA account holders. The Notes are denominated in
$1,000 increments with a $25,000 minimum subscription amount. GreenAngel will
remit all gross proceeds that it receives from ECP funds first to the
noteholders, up to an IRR of 9%, before charging any fees or participating in
any surplus.


Mike Volker, Chairman of GreenAngel, notes, "We are excited to partner with ECP
on this initiative. It provides GreenAngel with a revenue stream as we partner
with ECP in providing capital to the technology sector".


ON BEHALF OF THE BOARD 

Michael Volker, Chairman

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 investor companies, GreenAngel also provides mentorship and advice to
help these companies achieve commercial success. For more information, please
visit www.greenangelenergy.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor & Media:
GreenAngel Energy Corp.
Mike Volker
Chairman
+1.604.644.1926
mike@greenangelenergy.ca

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