Nesscap Energy Inc. and RUSNANO Announce Global Financing and Agreement to Establish New Ultracapacitors Production Facility in

Nesscap Energy Inc. (Nesscap) (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, and Open Joint Stock
Company RUSNANO (RUSNANO) today announced that they have entered into a
non-binding term sheet to provide debt and equity financing to Nesscap for its
global expansion, including expansion of facilities in Korea and the development
of a manufacturing facility and a R&D centre for Nesscap in Russia. Nesscap is a
global leader in research, development and manufacturing of ultracapacitor
products.


It is anticipated that the proceeds of this financing will be used towards
expansion and general corporate purposes at Nesscap's current Korean operations
and to assist with the development of a manufacturing facility and R&D centre in
Russia through a wholly-owned subsidiary of Nesscap.


Nesscap will continue to house its core R&D facility and maintain its commercial
factories and corporate headquarters in Gyeonggi-Do, Korea.


"RUSNANO's investment will enable us to dramatically expand operations in
support of volume production for our ultracapacitor products and to continue to
advance our technology platform to deliver on our broader long-term vision,"
said Dr. Sunwook Kim, Chairman and CEO of Nesscap. "We are excited by the
opportunity to be supported by RUSNANO. This relationship provides Nesscap with
further validation of our technology and the confidence that we are on track for
significant growth in sales of ultracapacitors."


Nesscap and RUSNANO are currently undertaking mutual due diligence
investigations and the preparation of the definitive transaction documents. The
completion of this transaction is expected to occur during the third quarter of
2011 and will be subject to, among other conditions, the completion of the
financing, due diligence exercise, agreement on the transaction documents and
the approval of the final transaction documents by the board of directors of
Nesscap and the Executive Board of RUSNANO as well as all required shareholders
and regulatory approvals and compliance with the policies of the TSX Venture
Exchange.


It is currently contemplated that, upon completion of the transaction, the board
of directors of Nesscap will be increased to nine directors, seven of which
would be the current directors of Nesscap and one nominee of each of RUSNANO and
the other investors in the financing.


There can be no assurance the transaction contemplated above will be completed,
or if completed, what the final terms will be. 


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. Uniquely
structured, Nesscap products are used to replace or enhance the performance of
energy and power needs for modern applications ranging from portable electronic
devices to high-tech 'green' cars and are available in both cells and modules.
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. Public filings of Nesscap are also available on SEDAR at
www.sedar.com.


About RUSNANO 

RUSNANO was established in March 2011 as an open joint-stock company through
reorganization of Russian Corporation of Nanotechnologies. RUSNANO's mission is
to develop the Russian nanotechnology industry through co-investment in
nanotechnology projects with substantial economic potential or social benefit.
The Government of the Russian Federation owns 100 percent of the shares in
RUSNANO. Anatoly Chubais is CEO and Chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology
specialists, formerly conducted by the Russian Corporation of Nanotechnologies,
has been entrusted to the Fund for Infrastructure and Educational Programs, a
non-commercial fund also established through reorganization of the Russian
Corporation of Nanotechnologies. 


To learn more about RUSNANO, please visit www.rusnano.com.

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", "contemplate", "may" or words of a similar
nature. There can be no assurance that such statements will prove to be
accurate. Actual and future events could differ materially from such statements.
Factors that could cause actual results to differ materially include among
others, the risk that the transactions described in this release cannot be
consummated in the timeframe or on the terms described or on other terms
acceptable to the parties, regulatory risks, risk inherent in foreign
operations, commodity prices and competition. Most of these factors are wholly
or partially outside the control of Nesscap. All subsequent forward-looking
statements attributable to Nesscap or its agents are expressly qualified in
their entirety by these cautionary comments. Except as otherwise required by
applicable securities statutes or regulation, Nesscap expressly disclaims any
intent or obligation to update publicly forward-looking information, whether as
a result of new information, future events or otherwise.
Nesscap Energy Inc. (TSXV:NCE)
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