Semcan Inc. Announces Completion of New Financing and Repayment of Short-Term Note

Semcan Inc. (TSX VENTURE:STT) ("Semcan" or the "Company") today announced that
it has completed a previously-announced $1,700,000 financing with Business
Development Bank of Canada.


The Company used the proceeds of the financing for working capital purposes, and
to retire, on April 26, 2012, an existing obligation of $900,000 bearing
interest at 18% which was due no later than May 26, 2012.


The new loan matures on February 8, 2014, with interest payable monthly at 12%
per annum. Principal repayments of $20,000 per month are required, with the
balance due at maturity. In connection with the loan, the Company issued
1,045,000 common share purchase warrants to the lender exercisable at $0.14 per
share until February 8, 2014.


David Deacon, Semcan's CEO, said, "The closing of this financing and repayment
of the $900,000 loan due May 26, 2012 is another important step in the
refinancing plan which we embarked on in early 2011. The Company's working
capital position is very solid, and our project execution team continues to
operate at a high level in delivering high-quality systems to our customers.
Sincere thanks to our dedicated employees, who continue to work very hard to
meet our customers' expectations."


About Semcan Inc.

Semcan is a North American supplier of industrial processes and environmental
solutions with specific emphasis on water remediation and emission control
systems.


The Company is of the view that environmental considerations and preventative
technologies are becoming a prerequisite of most modern industrial expansion,
particularly in the mining, oil & gas and power sectors.


The Company's principal focus is the conceptual design, engineering, project
management, and assembly and installation of complete bulk material handling
systems used to clean up water and control air emissions- from the storage
silos, to the conveying systems, to the computerized electronic controls. The
systems are utilized internationally in a broad range of industries.


Caution Regarding Forward-Looking Information and Non-IFRS Measures

Forward-Looking Information

This news release contains certain forward-looking statements. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions regarding the growth, results of operations,
performance, and business prospects and opportunities. Such forward-looking
statements reflect management's current beliefs and expectations and are based
on information currently available to management of Semcan. In particular,
statements regarding the future operating results and economic performance are
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties. A number of factors could cause actual events or results to
differ materially from the events and results discussed in the forward-looking
statements, including risks outlined under "Risk Factors" in our Annual
Information Form, which is posted at www.sedar.com. In evaluating these
statements, investors should specifically consider various factors, including
such risks as Investment Risk; Business Valuations; Condition of Capital
Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate
Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk
Factors" could cause actual events or results to differ materially from any
forward-looking statement. These factors should not be considered exhaustive.
Although the forward-looking statements contained in this press release are
based on what management of Semcan considers to be reasonable assumptions based
on information currently available to them, there can be no assurance that
actual events or results will be consistent with these forward-looking
statements, and management's assumptions may prove to be incorrect. These
forward-looking statements are made as of the date of this press release, and
none of Semcan nor its directors assume any obligation to update or revise them
to reflect new events or circumstances. Undue reliance should not be placed on
forward-looking statements.

STT Enviro Corp. (TSXV:STT)
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