NCE

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, reported its financial
results for the first quarter ended March 31, 2014. 


Revenue for the three-month period increased 66%, to US $5.3 million, compared
to $3.2 million in the same period last year. The increase in revenue is due to
stronger demand from new and existing customers. Gross profit margin for the
quarter improved to 22% compared to 11% in the same quarter last year and 21%
for fiscal 2013.


Net loss for the quarter was $0.1 million or $0.001 per share compared to a net
loss of $0.6 million or $0.003 per share in the same period in fiscal 2013. The
improvement in net loss was mainly due to increased sales volumes combined with
reduced unit production costs.


At March 31, 2014, the Company had cash and cash equivalents equal to $3.7
million and working capital of $15.9 million.


"Our success in the first quarter was driven by a combination of strong market
demand and improved efficiencies in our factory," said Jim Zuidema, Acting Chief
Executive Officer of Nesscap. "Demand for Nesscap's products has strengthened
over the past few quarters and, as a result, we see an increasing need to invest
in production capacity and technology development to expand our share of the
growing market for alternative energy-storage solutions."


The Company recently announced that it has engaged Marathon Capital, LLC as
exclusive advisor, in connection with a proposed equity financing, and that I2BF
Energy Limited and Arbat Capital Group Ltd. have agreed to participate as lead
investors, with a minimum subscription amount of US $10 million. Nesscap has
also recently announced that it has renewed a $5.8 million convertible loan and
completed a bridge financing for up to $2.0 million. Detailed terms of the loan
and financing can be found in the Company's March 19, 2014 press release as well
as the fiscal 2013 MD&A. 


Nesscap continues to focus on developing its largest regional markets in Europe
and China while strengthening its overall position as a technology leader in the
ultracapacitor industry. The strategic focus for the Company includes
transportation, renewable energy, industrial applications and consumer
electronics. Nesscap plans to increase investments in technology, direct and
indirect sales channels, market development, and production capacity. 


The Company is hosting its annual and general meeting of shareholders on
Tuesday, June 24, 2013, at 10:00 a.m. (Toronto time) at the offices of Norton
Rose Fulbright Canada LLP located at Suite 3800, Royal Bank Plaza, South Tower,
200 Bay Street, Toronto, ON M5J 2Z4.


The financial statements for the first quarter of fiscal 2014 and related MD&A
can be found on SEDAR at www.sedar.com.


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. Nesscap products
are available in both cells and modules and are used to enhance the performance
of modern applications ranging from portable electronic devices to high
performance windmills and high-tech 'green' cars. 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. 


Neither the TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) has in any way approved or disapproved of the
contents of this press release.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nesscap Energy Inc.
Debbie Bamforth
Corporate Communications
905-599-3322
dbamforth@nesscap.com


Nesscap Energy Inc.
Jim Zuidema
Chief Executive Officer (Acting), Chief Financial Officer
845-652-0833
jzuidema@nesscap.com
www.nesscap.com

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