MP

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


MicroPlanet Technology Corporation ("MicroPlanet" or the "Corporation") (TSX
VENTURE:MP)(PINKSHEETS:MCTYF), a provider of smart grid technology and products
which significantly increases efficiency, quality and conservation of
electricity and enables the integration of alternative energy into the power
grids, is pleased to announce a non-brokered private placement pursuant to which
the Corporation proposes to issue up to 30,000,000 Units at a price of $0.05 per
Unit for gross proceeds of up to CDN$1.5 million (the "Offering"). Each Unit
will be 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 of the Offering upon payment of the
exercise price of $0.10 per common share. 


The proceeds from the Offering will be used by the Corporation for product and
sales development and for general corporate purposes. 


The Offering is subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory approvals, including the approval of the TSX
Venture Exchange. The Units will be offered and sold only on a private placement
basis to investors who purchase securities pursuant to an exemption to the
prospectus requirement under Canadian 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 securities offered 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 regulates voltage steplessly, with unrivalled speed and
accuracy. MicroPlanet Technology Corporation products are used by utilities to
optimize the management of voltage on their networks, to improve power quality,
and to manage the integration of bi-directional distributed energy from solar PV
and wind into the power grid. In commercial and residential building
installations, MicroPlanet products have been proven to significantly increase
equipment useful lives and reduce electric bills, maintenance costs and
greenhouse gases. 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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