Mr. Ted Konyi reports

SMARTCOOL ANNOUNCES PRIVATE PLACEMENT OFFERING

Smartcool Systems Inc. is proposing to conduct a non-brokered private placement offering of up to 20 million shares at a price of five cents per share, for maximum gross proceeds of $1-million.

Finder's fees or brokers' commissions may be paid in accordance with the TSX Venture Exchange policies.

The company plans to use the proceeds for marketing initiatives, research and development, and general working capital.

The offering is subject to approval from the TSX Venture Exchange. All shares issued will be subject to resale restrictions imposed by applicable law or regulation, including a four-month hold period that will begin on the closing date.

About Smartcool Systems Inc.

Smartcool Systems provides cutting-edge energy-efficient and energy-cost-reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40 per cent.

We seek Safe Harbor.