Company: MicroPlanet Technology Corp. Stock Listing: MP:TSXV Stock Listing (US): MCTYF: OTC Web Site: www.microplanet.com SEATTLE, WA, July 16 /PRNewswire-FirstCall/ -- MicroPlanet, (MP:TSXV MCTYF:OTC) a smart grid, energy conservation company, announced today the deployment of MicroPlanet's smart grid technology on commercial buildings for Castle Cooke Resorts, LLC on the Island of Lanai in Hawaii. After concluding a pilot program over six months to test the effectiveness of MicroPlanet products on commercial and residential properties on Lanai, the Island of Hawaii and Oahu, Castle Cooke Resorts has placed an order to install MicroPlanet voltage management systems to improve power quality, lower electric bills and reduce greenhouse gases. Delivery of MicroPlanet systems to Castle Cooke Resorts will begin in the third quarter on Lanai. Castle Cooke Resorts, LLC is the resort community development division of Castle Cooke Inc. Castle Cooke, Inc. was founded in 1851 and is one of the nation's oldest and most respected developers. The Company owns approximately 98 percent of the Island of Lana'i and has developed luxury hotels, such as the Four Seasons Resort Lanai, The Lodge at Koele and the Four Seasons Resort Lanai at Manele Bay, as well as championship golf courses and is currently developing luxury residential communities. In addition to their activity in Hawaii, the Company's has residential real estate operations located in California, Arizona and Florida. Castle Cooke is also developing commercial properties in California, North Carolina, Georgia, Arizona, Florida and Hawaii. Bruce Lisanti, President and CEO of MicroPlanet said, "Castle Cooke's commitment to energy conservation and sustainability practices on Lanai represents a large scale commercial opportunity for MicroPlanet's Smart Grid technology. We look forward to working with them on these sites and on many other buildings over the next few years to help them meet their conservation objectives." "MicroPlanet 3-Phase voltage management system is an important part of the new Smart Grid. Our commercial systems dynamically manage voltage up or down to within 1/2 volt of a fixed set point. We also keep all 3 supply phases in balance, allowing large motors, such as those used in air conditioners to run cooler, use less energy and last longer," said Lisanti. MicroPlanet's Smart Grid technology are now being deployed on a large scale by both businesses and utilities as a cost effective way to save energy, improve power quality and reduce greenhouse emissions. About MicroPlanet Technology Corp. MicroPlanet Technology Corp. is a smart grid, energy conservation company, whose technology improves power quality and saves electric energy by the dynamic management of incoming voltage to a home or business. In commercial and residential building installations, MicroPlanet products have been proven to significantly reduce electric bills, maintenance costs and greenhouse gases. Installation of MicroPlanet products for utilities has improved utility services and facilitates the integration of renewable energy sources, including solar and wind, to the power grid. 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 http://www.microplanet.com/. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS, UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED ANNUAL AND QUARTERLY REPORTS AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY WILL DERIVE THEREFROM. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. DATASOURCE: MicroPlanet Technology Corp. CONTACT: MicroPlanet Company Contacts: Bruce Lisanti, President CEO, Tel: (206) 625-0851, Fax: (206) 625-0999, ; MicroPlanet Investor Relations: Gerry Wimmer, INVESTORFILE.com, Tel: (416) 360-8895, Toll Free: (888) 894-8222,

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