SOURCE: Nova Energy, Inc.

March 26, 2010 11:30 ET

Nova Energy, Inc. (NVAE) Presents $1 Million Micro-Cap Investment Strategy to Redevelop Known Oil Reserves and Diversify Into East Africa

DALLAS, TX--(Marketwire - March 26, 2010) - Nova Energy, Inc. (OTCBB: NVAE) has released a Webcast to present a strategic update on the Company's anticipated milestones through April and May of this year. The Webcast highlights a recent $1 million investment commitment to fund the Company's business strategy. The Webcast also provides details on the Company's plans for diversification in East Africa through the anticipated acquisitions of technology and manufacturing operations in Kenya in the May timeframe. Nova anticipates closing the acquisition of a $1.4 million oil drilling asset in early April to support the Company's plan to redevelop known oil reserves. Nova is a NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partner. The Greenfield program was founded in 2009 to accelerate and support the introduction of new and emerging technology innovations into growing global economic markets. The Webcast is available on Nova's corporate website, www.novaei.com, under News and Events or directly at http://www.novaei.com/wcea_32610.html.

Nova Energy Email Updates

Nova is expanding its website and plans to issue regular updates on Company progress via email to its opt-in, permission-based email database. To join the email database, please send an email to ir@novaei.com.

About Nova Energy, Inc. www.novaei.com

Nova Energy, Inc. has launched an updated corporate strategy to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. Nova Energy has also launched a communications and awareness campaign. The Company is quoted on the OTCBB and files its periodic reports. The Company is also dually quoted on the Pinksheets under NVAE.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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