GreenAngel Energy Corp.
TSX VENTURE : GAE

GreenAngel Energy Corp.

June 11, 2012 09:58 ET

GreenAngel Investee dPoint Technologies Raises USD$ 3.5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2012) - GreenAngel Energy Corporation ("GreenAngel") (TSX VENTURE:GAE) reports that investee company dPoint Technologies Inc. (www.dpoint.ca) has secured an investment of 3.5 million dollars from a strategic lead investor.

dPoint develops novel polymer membranes and energy recovery devices that significantly improve the energy-efficiency of Heating, Ventilating and Air-Conditioning ("HVAC") systems used in buildings. The proceeds will be used primarily for expanding sales and R&D activities, as well as providing additional working capital.

GreenAngel currently holds 448,454 shares in dPoint. The financing was completed at a higher valuation than previous financings and continues to grow the value of GreenAngel's holdings in dPoint.

James Dean, CEO of dPoint comments, "This financing gives recognition to our early market wins and will help fuel the next generation of innovation that will extend the market advantage our technology."

Michael Volker, Chairman of GreenAngel comments, "dPoint continues to grow steadily and we believe this strategic investment represents another important milestone as they commercialize their products into the market and realizes value for GreenAngel investors."

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, 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

Bob de Wit, CEO and Director

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.

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.

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