RDT Radiant Energy Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES 

Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant") announced that it has
received approval from the TSX Venture Exchange ("TSXV") to complete an issuance
(the "Issuance") of secured debentures in the aggregate principal amount of
CDN$250,000 maturing two years from the date of their issue and carrying an
interest rate of 12% per annum (the "Debentures"). The Debentures will be
secured by a first charge on the assets of Radiant and its U.S. operating
subsidiary, Radiant Aviation Services, Inc. Radiant shall have the option, under
certain conditions, to pay interest owing pursuant to the Debentures in common
shares of Radiant, subject to approval from the TSXV. Additionally, as a bonus
to the participating lenders acquiring the Debentures, Radiant will issue 0.16
of its common shares to the lenders for every CDN$1.00 invested in the
Debentures (the "Bonus Shares"), for a total issuance of 40,000 Bonus Shares.


David Williams, the President and Chairman of Radiant, and Hara Enterprises
Limited, a company controlled by Gregory O'Hara, each a director of Radiant,
each invested CDN$125,000 in the Debentures (collectively, the "Insider Loans").
Each Insider Loan and the related issuance of Bonus Shares constitutes a
"related party transaction" within the meaning of Multilateral Instrument 61-101
- Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Radiant is relying on an exemption to the minority shareholder approval
requirement of MI 61-101 as the Insider Loans are being entered into in response
to the financial difficulties of Radiant. The Issuance, including the Insider
Loans and the issuance of Bonus Shares, was approved by Radiant's independent
directors. Radiant's independent directors have also reviewed the terms of the
Issuance with management and have determined that such terms are reasonable in
the circumstances, the Issuance will improve the financial condition of Radiant
and the Issuance is in the best interests of Radiant. The issuance of Bonus
Shares to each of Messrs. Williams and O'Hara, whether directly or indirectly,
has not materially affected the percentage of securities of Radiant beneficially
owned and controlled by these individuals.


The net proceeds of the Issuance will be used to address Radiant's immediate
working capital needs while it continues to further its marketing and sales
initiatives in respect of its Radiant Deicing Systems. The infusion of cash is
expected to have initial short-term benefits, but Radiant's business and affairs
are not otherwise expected to be significantly impacted by the Issuance.


The Bonus Shares issued in conjunction with the Issuance will be subject to a
four-month hold period under applicable securities laws and the policies of the
TSXV.


About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deicing Systems. Radiant's
product is the only non- glycol based alternative approved by the US Federal
Aviation Administration for the pre-flight ground deicing of aircraft. Aircraft
deicing with Radiant's technology offers savings to airports and airlines over
the use of conventional glycol-based deicing systems, reducing aircraft
treatment costs and significantly reducing the negative impact of glycol on the
environment.


This press release may contain forward-looking statements, including statements
regarding the business and anticipated financial performance of Radiant Energy
Corporation, which involve risks and uncertainties. These risks and
uncertainties may cause Radiant's actual results to differ materially from those
contemplated by the forward-looking statements. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the
information contained herein.

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