RDT Radiant Energy Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation, (TSX VENTURE:RDT) ("Radiant") announced that it has
completed an initial closing of its previously announced offering (the
"Offering") of secured debentures (the "New Debentures") for Cdn$699,000
aggregate principal amount, with Radiant receiving gross proceeds of Cdn$374,000
aggregate principal amount of New Debentures and exchanging Cdn$325,000 of its
outstanding Series F Debentures for New Debentures. The New Debentures mature
two years from the date of their issue with an interest rate of 12% per annum
and are secured by the assets of Radiant and its U.S. operating subsidiary,
Radiant Aviation Services, Inc. Radiant also has the option, under certain
conditions, to pay interest owing pursuant to the New Debentures in common
shares of Radiant. Radiant also issued a total of 2,796,000 of its common shares
(the "Bonus Shares") as a bonus to the investors who participated in the
Offering. Radiant expects to complete a further closing of this Offering in mid
to late August.


John Marsh and a company controlled by Gregory O'Hara, each a director of
Radiant and each of whom beneficially owns or controls over 10% of the issued
and outstanding common shares of Radiant, subscribed for Cdn$374,000 aggregate
principal amount of New Debentures, while David Williams, a director and the
President of Radiant, entered into an agreement to subscribe for Cdn$100,000 of
New Debentures (collectively, the "Insider Subscriptions"). Each Insider
Subscription constitutes a "related party transaction" within the meaning of
Multilateral Instrument 61-101 - Protection of Minority Securityholders in
Special Transactions ("MI 61-101"). Radiant is relying on an exemption to the
formal valuation and minority shareholder approval requirements of MI 61-101 as
the Insider Subscriptions were entered into in response to the financial
difficulties of Radiant. The Offering, including the Insider Subscriptions, was
approved by Radiant's independent directors. Radiant's independent directors
have also reviewed the terms of the Offering with management and have determined
that such terms are reasonable in the circumstances, the Offering will improve
the financial condition of Radiant and the Offering is in the best interests of
Radiant. Messrs. Marsh and O'Hara participated in the Offering, and Mr. Williams
will participate in the Offering, on the same terms and conditions as all other
investors. The subscription for New Debentures by each of Messrs. Marsh and
O'Hara has not materially affected the percentage of securities of Radiant
beneficially owned and controlled by either individual, while Mr. Williams'
subscription for New Debentures is not expected to materially affect the
percentage of securities of Radiant beneficially owned and controlled by Mr.
Williams.


The net proceeds of the Offering will be used to address Radiant's immediate
working capital needs while it continues to further its marketing and sales
initiatives in respect of its Radiant Deicing Systems. The infusion of cash and
elimination of the Series F Debentures are expected to have initial short-term
benefits, but Radiant's business and affairs are not otherwise expected to be
significantly impacted by the Offering.


The Offering is subject to the final approval of the TSXV. The New Debentures
and Bonus Shares issued in conjunction with the Offering are subject to a
four-month hold period expiring December 8, 2009.


About Radiant Energy Corporation

Radiant is the developer and marketer of Radiant Deicing Systems. Radiant's
product is the only non-glycol based alternative approved by the US Federal
Aviation Administration for the pre-flight ground deicing of aircraft. Aircraft
deicing with Radiant's technology offers savings to airports and airlines over
the use of conventional glycol-based deicing systems, reducing aircraft
treatment costs and significantly reducing the negative impact of glycol on the
environment. 


This press release may contain forward-looking statements, including statements
regarding the business and anticipated financial performance of Radiant Energy
Corporation, which involve risks and uncertainties. These risks and
uncertainties may cause Radiant's actual results to differ materially from those
contemplated by the forward- looking statements. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the
information contained herein.

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