NCO

Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces the deposit of
its audited financial results for the fiscal year ended on August 31, 2013. 


"Sales performance, with a 42% increase, has been very good after several years
of unsatisfactory results mainly caused by the economic context" says Mr. Gilles
Roy, CEO. "The Legacy Farm project in Indiana reported $250,000 of sales, while
sales in the agriculture market in the United States increased by 126% and sales
of OEM filters by 11%. The increase in sales in other target markets, including
commercial real estate and industrial, has been rather slow. A development
project will be launched in 2013-2014 to refine the SmartScan Pro system,
dedicated to these markets, in order to perfectly meet the needs of potential
customers approached. It is also intended to strengthen the sales team to
accelerate the commercial momentum" concluded Gilles Roy.


The annual financial statements and the management report may be consulted in
the electronic data, analysis and research system (SEDAR), accessible at the
following address: www.sedar.com.


Moreover, Nuvolt announces its intention to complete a non-brokered private
placement of 40,000,000 units of Nuvolt (the "Units") at a price of $0.05 per
Unit to a group of investors including AM Total Investments (general
partnership) ("AM Total"), an entity controlled by the Dallaire family, and to
Messrs. Pierre Gingras and Jean Guilbault (collectively, the "Investors"), for
gross proceeds, initially, of $2 million (the "Private Placement"). Each Unit
shall be comprised of one common share of Nuvolt (a "Common Share") and one
Common Share purchase warrant (a "Warrant"). Each Warrant shall entitle the
holder thereof to purchase one Common Share at a price of $0.075 per Common
Share, for a period of 36 months. The net proceeds of the Private Placement will
be used to fund Nuvolt's R&D activities, the development of its sales markets
and for general corporate purposes.


Completion of the Private Placement is subject to the entering into of
definitive agreements and certain other conditions, including, but not limited
to, the appointment of Pierre-Andre Meunier as President and Chief Executive
Officer, certain changes to the board of directors of Nuvolt, the conversion of
debentures held by the Investors and other investors into Common Shares at a
conversion price of $0.0625, the approval of the TSX Venture Exchange (the
"TSXV") and other customary closing conditions.


Under the policies of the TSXV, the Private Placement is subject to the approval
of the shareholders of Nuvolt as the completion of the Private Placement will
result in the creation of two new "control persons" (as defined under the
policies of the TSXV), being AM Total and Mr. Jean Guilbault, who, together with
their associates and affiliates, will not be entitled to vote upon the Private
Placement. Nuvolt intends to obtain shareholder approval by way of a written
consent of holders of more than 50% of the Common Shares (other than AM Total
and Mr. Jean Guilbault).


The Private Placement constitutes a "related party transaction" under
Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), since each of AM Total and Mr. Jean
Guilbault have beneficial ownership or control over more than 10% of the Common
Shares and Messrs. Jean Guilbault and Pierre Gingras are directors of Nuvolt.
The Private Placement was approved unanimously by the board of directors of
Nuvolt, with the exception of Messrs. Jean Guilbault and Pierre Gingras, who
declared their interest and recused themselves. The Private Placement is exempt
from the valuation and minority approval requirements of MI 61-101 since the
board of directors, with the exception of Messrs. Jean Guilbault and Pierre
Gingras, has determined that Nuvolt is in serious financial difficulty, the
Private Placement is designed to improve the financial position of Nuvolt and
the terms of the Private Placement are reasonable in the circumstances.


The Private Placement is expected to be completed on or about February 3, 2014.

About Nuvolt Corporation Inc.

Nuvolt has developed a specialized expertise in the monitoring and the
management systems for electrical failures, power quality, the detection and
neutralization of leakage current for the agriculture, maritime, commercial and
industrial markets. SmartScan is now available to the agriculture market. The
SmartScan system has the ability to predict an electrical failure on equipment
and electrical networks. It could prevent equipment failures and production
downtime on production assembly lines and commercial buildings and also fire
risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the
industrial market were launched in September 2012.


Certain statements contained in this press release constitute forward-looking
information. Such statements are based on the current expectations of
management. You are cautioned that such statements can be subject to a multitude
of risks and uncertainties that could cause actual results, future circumstances
or events to differ materially from those projected in the forward-looking
information. The reader should not place undue reliance on the forward-looking
information included in this press release given that (i) actual results could
differ materially from a conclusion, forecast or projection in the
forward-looking information, and (ii) certain material factors or assumptions
were applied in drawing a conclusion or making a forecast or projection as
reflected in the forward-looking information could prove to be inaccurate. There
is no guarantee that the proposed Private Placement can be completed on the
terms described in this press release. The Private Placement is still subject to
the entering into of definitive agreements and various conditions, as described
in this press release. These statements speak only as of the date they are made,
and Nuvolt assumes no obligation to revise such statements as a result of any
event, circumstance or otherwise, except in accordance with law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gilles Roy, CEO
(418) 833-0773
(418) 833-4055 (FAX)

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