EXC

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") is pleased to
announce a non-brokered private placement (the "Private Placement") of up to
4,000,000 units of the Corporation (the "Units") at a price of $0.05 per Unit
for gross proceeds of up to $200,000. Each Unit is comprised of one common share
in the capital of the Corporation (a "Common Share") and one Common Share
purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to
purchase one Common Share (a "Warrant Share") at a price of $0.10 per share for
a period of 18 months from the issuance date thereof. The Common Shares, the
warrants and, upon the exercise of the Warrants, the Warrant Shares will be
subject to a four month hold period in accordance with applicable Canadian
securities laws. Closing of the Private Placement is subject to receipt of TSX
Venture Exchange ("TSXV") approval. 


The Corporation is also pleased to announce that it has received subscriptions
for 2,000,000 Units for gross proceeds of $100,000 (the "First Tranche"). The
First Tranche is scheduled to close forthwith following receipt of TSXV
approval. The second tranche of the Private Placement is scheduled to close on
or about March 13, 2013.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any of the Common Shares in the United States. The Common Shares
have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available. 


This press release contains certain forward-looking statements about the
Corporation's future plans and intentions. Wherever possible, words such as
"may", "will", "should", "could", "expect", "plan", "intend", "anticipate",
"believe", "estimate", "predict", "scheduled" or "potential" or the negative or
other variations of these words, or similar words or phrases, have been used to
identify these forward-looking statements. These statements reflect Management's
current beliefs and are based on information currently available to management
as at the date hereof. Forward-looking statements included or incorporated by
reference in this press release include statements with respect to proposed
terms of the Private Placement and the anticipated closings of the First Tranche
and the second tranche of the Private Placement. 


Forward-looking statements involve significant risk, uncertainties and
assumptions. Many factors could cause actual results, performance or
achievements to differ materially from the results discussed or implied in the
forward-looking statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions, the
Corporation cannot assure readers that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this press release, and the Corporation assumes no obligation to
update or revise them to reflect new events or circumstances, except as required
by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Essex Angel Capital Inc.
Richard Galdi
Chief Executive Officer
519-969-0129
rgaldi@essexangelcapital.com

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