Precision Continues to Complete Qualifying Transaction

Precision Enterprises Inc. (TSX VENTURE:PSC.H) (the "Company") announces further
to its news release of December 4, 2009 that it expects to complete its proposed
business combination with NPTx NeuroPsychoTherapeutics Corporation on or about
March 15, 2010, which will constitute the Company's Qualifying Transaction.
Concurrently with the closing of the Qualifying Transaction, the Company will
complete a financing of 12,000,000 units of the Company, at a price of $0.25 per
unit, to raise gross proceeds of $3,000,000, at least $500,000 of which will be
completed on a brokered basis through Bolder Investment Partners Ltd.


As the Company did not complete the Qualifying Transaction within the time frame
prescribed by the TSX Venture Exchange (the "Exchange"), on February 3, 2010 the
Exchange transferred the Company's listing and Tier classification from Tier 2
to NEX. Accordingly the Company's symbol has now been changed from PSC.P to
PSC.H.


In accordance with Exchange policies, and as approved by the Company's
shareholders at the special meeting held on December 4, 2009, on the transfer of
its listing to NEX the Company cancelled and returned to treasury a total of
1,000,000 common shares previously issued to its directors and officers.
Accordingly, the Company currently has 6,900,000 common shares issued and
outstanding.


Once the Company has filed final closing documentation with the Exchange in
respect of the Qualifying Transaction and the financing, and received final
Exchange approval, the Company expects to be reinstated as a Tier 2 issuer on
the Exchange and trading in the Company's common shares to resume.


ON BEHALF OF THE BOARD

Joe DeVries, President and CEO

Certain statements included herein are "forward-looking statements". Management
cautions that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the
forward-looking statements. Factors beyond the control of the Company could
cause the actual results of operations, or the financial condition of the
Company, to differ, including changes to financial and market conditions. The
Company assumes no obligation to update forward-looking statements, other than
as may be required by applicable law.

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