Nesscap Announces Bridge Financing and Shares for Debt Issuance

SEOUL, SOUTH KOREA and TORONTO, ONTARIO--(Marketwired - March 30, 2015) - Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research, development and manufacturing of ultracapacitor products, announces that, subject to regulatory approval, Arbat Capital Group Ltd. (Arbat) has agreed to provided bridge financing to Nesscap in an amount of up to USD 1,500,000 (the Loan) on the following terms: (i) the Loan has a maturity date of April 1, 2016; (ii) an initial tranche of USD $750,000 will be made available on or around April 1, 2015 and a second tranche of up to US $750,000 will be made available in one or more instalments at the option of Nesscap on the same terms and conditions; (iii) the interest rate for the Loan is 10% per annum with such interest to be accrued and payable together with the principal amount on April 1, 2016; (vi) the Loan is unsecured and ranks equally with other unsecured creditors of Nesscap; (v) prepayment of principal and interest, in whole or in part, is permitted at any time without premium or penalty; and (vi) outstanding principal and accrued (but unpaid) interest of the loans must be repaid by Nesscap upon completion of an equity financing in a minimum amount of USD 10,000,000.

Nesscap has agreed, subject to regulatory approval, to issued up to 6,258,500 bonus common shares to Arbat in connection with the advance of the Loan. These bonus shares will be issued at a deemed price of CAD 0.06 and will be subject to resale restrictions.

Nesscap also announces that it has entered into an agreement to issue shares to settle an amount of $122,426.54 owed to I2BF Energy Ltd. Nesscap will be issuing 2,040,443 common shares at a deemed price of $0.06/share in settlement of the above-noted amount. The issuance of these common shares is subject to regulatory approval.

About Nesscap

Since its inception in 1999, Nesscap Energy Inc. has become an award winning global leader in technology innovation and product development of ultracapacitors. Attributes of the ultracapacitor allow for the technology to be used in applications where power, life cycle requirements, or environmental conditions limit the suitability of batteries or capacitors. Nesscap products are available in both cells and modules and are used to enhance the performance of modern applications ranging from portable electronic devices to high performance windmills and high-tech 'green' cars. Nesscap features the widest array of standard commercial products in the market from 3 farads to 6,200 farads with industry recognized alternative organic electrolytes. Customers of the Company include transportation, power, and consumer markets. Technical and sales information can be found at www.nesscap.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has in any way approved or disapproved of the contents of this press release.

Forward-Looking Statements

Included in this news release are matters that constitute "forward-looking" information within the meaning of Canadian securities law. Such forward-looking statements may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may" or words of a similar nature. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include among others, regulatory risks, risk inherent in foreign operations, commodity prices and competition. Most of these factors are outside the control of the Company. All subsequent forward-looking statements attributable to the Company or its agents are expressly qualified in their entirety by these cautionary comments. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.