MicroPlanet Announces Private Placement

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 $0.05 per common share. 


The proceeds from the Offering will be used by the Corporation to finance the
fulfillment of existing and expected commercial orders; further the development
of voltage regulators; reduce notes payable; and for general working capital
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 and other 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 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 company, whose
technology regulates voltage steplessly with unrivaled speed and accuracy.
MicroPlanet solutions improve power quality and save energy by dynamically
managing voltage through the use of patented, advanced power electronics.
MicroPlanet's technology solutions has been deployed in seven countries by more
than 20 utilities, the U.S military and multiple commercial customers to manage
voltage on networks, save energy, improve power quality and grid efficiency and
to facilitate the integration of renewable energy sources, including solar and
wind. MicroPlanet is based in Seattle, WA and is listed on the TSXV and trades
on the OTC under the stock symbol: MP and MCTYF, respectively.
www.microplanet.com 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
MicroPlanet Technology Corp.
Joe Tanner
President and Chief Executive Officer
360-910-1600
425-984-2746 (FAX)
jtanner @microplanet.com


MicroPlanet Technology Corp.
Ed Garth
Chief Financial Officer
206-790-7790
425-984-2746 (FAX)
egarth@microplanet.com
www.microplanet.com

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