Novagen Solar Inc.
OTC Bulletin Board : NOVZ

Novagen Solar Inc.

September 09, 2009 09:18 ET

Novagen Appoints New Chairman

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2009) - Novagen Solar Inc. ("Novagen") (OTCBB:NOVZ), announced the appointment today of Gary MacDonald as Chairman of its Board of Directors. The appointment marks the end of Novagen's reorganization and transition into the solar energy market, which commenced with the acquisition of Novagen Solar (Canada) Ltd. in July of this year.

Gary MacDonald has been a respected investment banker for 20 years, with a particular interest in environmentally sustainable resource development and technology. His areas of expertise include venture capital & private equity, financial engineering, corporate capital structuring and technology development. He currently sits on the boards of several Canadian and U.S. based public and private natural resource and technology companies with extensive domestic and international projects.

"Gary brings a wealth of senior management experience to Novagen," commented Thomas Mills, CEO of Novagen. "His vast knowledge of finance and corporate development will be a tremendous advantage as we expand our sales operations throughout Canada and into the United States."

About Novagen Solar Inc.

Novagen Solar Inc. is a development stage company that markets, sells and distributes a variety of innovative photovoltaic products based on leading-edge technologies for use in a wide range of commercial, industrial and residential solar power generation systems. We are dedicated to generating substantial value for our stockholders while contributing to energy security, social equity, and protection of the ecosystem upon which life depends. For additional information please visit our web site at http://www.novagensolar.com/.

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Novagen's reports filed with the Securities and Exchange Commission. Novagen undertakes no duty to update these forward-looking statements.

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