Nesscap Energy Inc. Reports Fiscal 2013 Year End Results

Nesscap Energy Inc. ("Nesscap") (TSX VENTURE:NCE), a global leader in research,
development and manufacturing of ultracapacitor products, reported its financial
results for the year ended December 31, 2013. 


Revenue for the twelve-month period increased 51% to US $16.6 million, compared
to $11.0 million in fiscal 2012. Revenue for the three-month period ended
December 31, 2013 increased 35% to $4.4 million compared to $3.2 million for the
same period one year ago. The increase in revenue is primarily due to a rebound
in European sales and an increase in demand from Asian customers. Gross profit
margin for the year improved to 21% from 14% a year ago, primarily as a result
of efficiencies related to increased revenue. 


Net loss for the year was $3.3 million or $0.015 per share compared to a net
loss of $7.2 million or $0.035 per share in fiscal 2012. The improvement in net
loss was mainly due to the increased sales volume and gross profit improvement.


At December 31, 2013, the Company had cash and cash equivalents equal to $3.5
million and working capital of $16.3 million.


"We are pleased with our 2013 results and believe the improved performance is
sustainable as we continue gaining market recognition for our technology and
products," said Jim Zuidema, Acting Chief Executive Officer of Nesscap Energy
Inc. "In 2014 we are continuing efforts to strengthen our financial position to
further develop our technology, expand production capacity, and attract new
customers."


The Company recently announced the renewal of a $5.8 million convertible loan as
well as completion of 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, consumer electronics, industrial applications, and renewable
energy. Nesscap plans to increase investments in new 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 fiscal 2013 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
Nesscap Energy Inc. (TSXV:NCE)
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