Nesscap Energy Inc. Receives Financing from RUSNANO and I2BF Global Ventures

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, today announced an
investment agreement with RUSNANO and I2BF Global Ventures.


RUSNANO and I2BF respectively subscribed for 50,955,000 and 2,681,842 Nesscap
common shares, at a price of CAD $0.38 per share, for aggregate gross proceeds
of US $20,000,000 (based on a USD-CAD exchange rate of 1.0191). Proceeds from
this financing will be used for the establishment of a full scale production
facility for ultracapacitors and research centre in the Russian Federation (US
$15,000,000) and for the expansion of Nesscap's current manufacturing and core
R&D operations in Korea and for general corporate purposes (US $5,000,000).
Proceeds from this financing will be held in escrow until certain conditions
have been fulfilled by Nesscap including, without limitations, the establishment
of a wholly-owned subsidiary in the Russian Federation, Nesscap obtaining
consent from its shareholders for the private placement because it results in
the creation of a "control person" (as defined in the policies of the TSX
Venture Exchange) as well as final approval from the TSX Venture Exchange.


Under the terms of the investment agreement, the Managing Director of RUSNANO
Mr. Georgy Kolpachev will join Nesscap's board of directors.


In addition, RUSNANO will also provide an additional US $11,500,000 loan
facility to Nesscap's subsidiary in the Russian Federation to be used in
connection with the establishment of its production facility. As additional
consideration for providing the loan facility and subject to approval by the TSX
Venture Exchange, Nesscap has agree to issue 820,123 bonus common shares to
RUSNANO representing an adjusted deemed subscription price of $0.374 per common
share.


"Today's world is clearly demanding new energy storage solutions and Nesscap is
one of the few companies that have managed to develop and bring to the global
market a truly disruptive technology. Products from the new plant in Russia will
be supplied to the growing European and Asian markets for use within the
automotive sector and renewable energy markets. We already have supply contracts
and joint development agreements with some of the largest industry players.
Nesscap's energy storage solutions address a number of Russia's strategic needs
and are a great fit into RUSNANO's overall technology strategy," said Georgy
Kolpachev.


The project is aimed towards the growing transportation industry, grid
stabilization and renewable energy applications. The new plant in Russia will
manufacture a wide range of high capacity ultracapacitor cells and modules based
on Nesscap's proprietary technology. Nesscap's products have a variety of
applications, including power systems for vehicles with hybrid powertrains,
compact and scalable energy storage systems and various types of stop-and-go
systems for conventional engines, as well as stabilization of line voltage and
stand-by power. Ultracapacitors can also be effectively used in conjunction with
batteries to operate at peak loads, which allows such combined systems to
achieve an increased service life (typically two to three times over standard
battery-only systems).


"Partnering with RUSNANO is a natural fit, enabling Nesscap to access the
technological depth of Russian science and direct access to market opportunities
in the CIS region," said Dennis Orwig, the newly-appointed Chief Executive
Officer of Nesscap Energy, Inc. "We are excited to expand Nesscap's
manufacturing operation and R&D efforts in Korea and getting established in
Russia to bring world class technology and products to our customers around the
globe."


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.


About I2BF Global Ventures 

I2BF Global Ventures is an international clean technology asset management group
with a global investment mandate and operates two separate divisions: I2BF
Venture Capital and I2BF Public Equities; focused on venture capital and public
equity activities respectively. Established in 2005, I2BF has over USD 150
million in assets under management. I2BF Global Ventures seeks out game-changing
technologies and invests in the most innovative and competitive companies within
its target sector. In keeping with its worldwide focus, I2BF retains a team of
technology and sector experts as well as renewable energy researchers across
teams in New York, London, Moscow and Dubai. To learn more about I2BF Global
Ventures, please visit www.i2bf.com.


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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