NCE

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, today announced the
completion of its previously announced financing from 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). The
common shares issued in connection with this financing will have a hold period
in Canada until May 14, 2012.


In addition, RUSNANO also provided an additional US $11,500,000 loan facility to
Nesscap Energy Eastern Europe LLC, a wholly-owned subsidiary of Nesscap, to be
used in connection with the establishment of its production facility in the
Russian Federation.


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.

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