Nesscap Energy Inc. Reports Year End Financial Results

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, reported its financial
results for the three months and year ended December 31, 2012. 


Revenues for the fourth quarter ended December 31, 2012 were $3.2 million
compared to $2.8 million for the same period one year ago, representing an
increase of 17%. The increased quarterly revenue is due mainly to a significant
order shipped to a new customer. Revenues for the year were $11.0 million (USD)
as compared to $16.2 million in fiscal 2011. The decrease is primarily due to
overall soft demand at key accounts and the relative weakness of the European
economy over the course of the year. 


Net loss for the year was $7.2 million or $0.035 per ordinary share compared to
a net loss of $4.9 million or $0.037 per ordinary share for the previous year.
The increased loss is attributed to the reduced gross profit which itself was
impacted by lower revenues compared to 2011. Net loss for the fourth quarter of
fiscal 2012 was $2.7 million or $0.012 per ordinary share compared to a net loss
of $1.1 million or $0.009 per ordinary share for the previous year. At December
31, 2012, the Company had cash and cash equivalents equal to $7.7 million. 


"We clearly experienced a difficult year in 2012," said Jim Zuidema, Acting
Chief Executive Officer of Nesscap Energy Inc., "However, we remain extremely
optimistic about the coming opportunities we see in energy storage and Nesscap's
ability to leverage its long heritage in ultracapacitor technology, products,
and market presence to capitalize on this unique opportunity."


Nesscap is committed to continuing its efforts to develop "best in class"
ultracapacitors to better serve the growing and increasingly diverse market for
alternative energy storage and power delivery solutions. Over the coming months,
the Company plans to increase investments in new technology, direct and indirect
sales channels, market development, and production capacity. The Company will
continue to focus on developing its largest regional markets in Europe and China
while strengthening its overall position as a technology leader in the
ultracapacitor industry. 


The audited financial statements for fiscal 2012 and related MD&A can be found
on SEDAR at www.sedar.com.


Nesscap also announces that it has issued 443,664 common shares to settle an
amount of $168,706 owed to Norton Rose Canada LLP. Such common shares were
issued at a deemed price of $0.38/share.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nesscap Energy Inc.
Debbie Bamforth
Corporate Communications
905-599-3322
dbamforth@nesscap.com


Nesscap Energy Inc.
Jim Zuidema
Chief Executive Officer (Acting)
845-652-0833
jzuidema@nesscap.com
Nesscap Energy Inc. (TSXV:NCE)
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