MP

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 and power quality
technology, which significant increases efficiency, quality and conservation of
electricity is pleased to announce a non-brokered private placement pursuant to
which the Corporation proposes to issue up to 55,500,000 Units at a price of
$0.02 per Unit for gross proceeds of up to CDN$1,110,000 (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 $0.02 per common share.


The proceeds from the Offering will be used by the Corporation to finance the
securement and fulfillment of existing and expected commercial orders; to
further the development of voltage regulators specific to customer requests;
payment of operating debts; to bring back select previously laid off employees
and for general working capital purposes.


The TSX Venture Exchange has provided conditional listing approval for the
Offering pursuant to an application for relief from the minimum pricing
requirements prescribed by the TSX Venture Exchange based on immediate or
imminent financial hardship. The Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary regulatory
approvals, including the final 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 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 dynamically and steplessly regulates voltage with unrivaled speed and
accuracy using its patented and advanced power electronics. MicroPlanet's
technology solutions have 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 TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THE TERM
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MicroPlanet Technology Corporation
Joe Tanner
President & Chief Executive Officer
360-910-1600
206-625-0999 (FAX)
jtanner@MicroPlanet.com


MicroPlanet Technology Corporation
Edward Garth
Chief Financial Officer
206-790-7790
206-625-0999 (FAX)
egarth@microplanet.com
www.microplanet.com

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