Nesscap Energy Inc. Appoints Dennis Orwig as Chief Executive Officer

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, today announced the
appointment of Mr. Dennis Orwig to the position of Chief Executive Officer. 


Mr. Orwig has extensive experience in power and technology development as Chief
Executive Officer and senior executive of private and public companies over the
last 20 years. Prior to joining Nesscap, Dennis was Chief Executive Officer of
Novatec Biosol AG, a solar power technology and manufacturing company. His
senior management roles include the US Chief Executive Officer of ABB Power
Generation and Chief Executive Officer of Catalytica. While CEO of ABB Power
Generation, Mr. Orwig was closely involved in ABB's design and construction of
two of the parabolic trough Solar Energy Generating Systems projects built at
Kramer Junction, California. As a senior executive in start-up and early stage
companies, his leadership drove significant growth in profitability and
shareholder value in the competitive global energy markets. 


Mr. Orwig has extensive business experience in the US, UK, Europe, the Middle
East, Africa and Asia markets. This experience extends to developing global
strategic partnerships with industry and government including counterparties
such as GE and Siemens and the US Government Department of Energy. Mr. Orwig
holds an MBA from Duke University, a BS in Paper Chemistry and a BA in Applied
Science, both from Miami University.


"We are very excited to welcome Dennis to our executive management team at
Nesscap," said Dr. Sunwook Kim, Chief Executive Officer of Nesscap Energy Inc.
"We believe Dennis has the experience and skills necessary to lead Nesscap
forward as a global technology company." 


Dr. Sunwook Kim will step down as Chief Executive Officer and will continue to
serve as a Director, Non-Executive Chairman and will remain active in the
Company's research and development projects. 


As part of his compensation package, Mr. Orwig was granted 750,000 incentives
stock options. These options are exercisable at a price of $0.38 per common
share and expire five years from their date of grant. The options vest over a
two-year period, one-third on each of the date of grant and the first and second
anniversaries. The exercise price of the incentive stock options granted is
greater than the closing price of the Company's common shares on the TSX Venture
Exchange on the date immediately preceding the grant. The incentive stock
options are subject to the terms and conditions of the Company's Stock Option
Plan and the policies of the TSX Venture Exchange.


The Company would also like to announce that the contract with Mr. Paul Haber,
the interim Chief Financial Officer, has expired. The Company is currently in
the process of recruiting a permanent replacement. Mr. Haber was instrumental to
the successful listing of Nesscap on TSX Venture Exchange and provided a solid
foundation for financial reporting of the Company. 


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.


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.
Nesscap Energy Inc. (TSXV:NCE)
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