MP

MicroPlanet Technology Corporation ("MicroPlanet" or the "Corporation") (TSX
VENTURE:MP)(PINKSHEETS:MCTYF) a provider of smart grid and power quality
technology, which significantly increases efficiency, quality and conservation
of electricity is pleased to announce the closing of its previously announced
non-brokered private placement. The Corporation issued 16,415,531 Units at a
price of $0.05 per Unit for gross proceeds of CDN$820,776.55. Each Unit was
comprised of one common share in the capital of the Corporation and one common
share purchase warrant. Each warrant entitles the holder to acquire one common
share in the capital of the Corporation at any time until the date that is 36
months following the closing date upon payment of the exercise price of $0.10
per common share. 


The Units were sold pursuant to applicable registration and prospectus
exemptions to qualified investors in Canada and the United States. The common
shares comprising the Units and any common shares acquired pursuant to the
exercise of the warrants are subject to a four-month hold period in accordance
with applicable securities laws. 


This press release does not constitute an offer to sell or a solicitation of an
offer to buy the securities in the United States. The Units have not been
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an application
exemption from the registration requirements.


About MicroPlanet Technology Corp.

MicroPlanet Technology Corp. is a smart grid, energy conservation Corporation
whose technology improves power quality and saves electric energy by the dynamic
management of incoming voltage to a home or business. Installation of
MicroPlanet products for utilities has improved utility services and facilitates
the integration of renewable energy sources, including solar and wind, to the
power grid. MicroPlanet is based in Seattle, WA and is listed on the TSX Venture
Exchange (TSX-V) trading under the stock symbol: MP. MicroPlanet's website is
www.microplanet.com.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
MicroPlanet Technology Corporation
Joe Tanner
President & Chief Executive Officer
360-910-1600
206-625-0999 (FAX)
jtanner@MicroPlanet.com


MicroPlanet Technology Corporation
Brett Ironside
Director of Licensing & Acquisitions
403-560-3636
206-625-0999 (FAX)
bironside@MicroPlanet.com
www.microplanet.com

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