RDT Radiant Energy Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES

Radiant Energy Corporation (TSX VENTURE:RDT) ("Radiant") announced that it has
received approval from the TSX Venture Exchange ("TSXV") to complete an issuance
(the "Issuance") of CDN$250,000 aggregate principal amount of secured debentures
maturing two years from the date of their issue and carrying an interest rate of
12% per annum (the "Debentures"). The Debentures will be secured by a first
charge on the assets of Radiant and its U.S. operating subsidiary, Radiant
Aviation Services, Inc. Radiant shall have the option, under certain conditions,
to pay interest owing pursuant to the Debentures in common shares of Radiant,
subject to approval from the TSXV. Additionally, as a bonus to the participating
lenders acquiring the Debentures, Radiant will issue four of its common shares
to the lenders for every CDN$1.00 invested in the Debentures (the "Bonus
Shares"), for a total issuance of 1,000,000 Bonus Shares.


954740 Ontario Ltd., a company controlled by John Marsh, and Hara Enterprises
Limited, 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, each invested CDN$125,000 in the
Debentures (collectively, the "Insider Loans"). Each Insider Loan and the
related issuance of Bonus Shares constitutes a "related party transaction"
within the meaning of Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions ("MI 61-101"). Radiant is relying on an
exemption to the minority shareholder approval requirement of MI 61-101 as the
Insider Loans are being entered into in response to the financial difficulties
of Radiant. The Issuance, including the Insider Loans and the issuance of Bonus
Shares, was approved by Radiant's independent directors. Radiant's independent
directors have also reviewed the terms of the Issuance with management and have
determined that such terms are reasonable in the circumstances, the Issuance
will improve the financial condition of Radiant and the Issuance is in the best
interests of Radiant. The issuance of Bonus Shares to each of Messrs. Marsh and
O'Hara, through their respective companies, has not materially affected the
percentage of securities of Radiant beneficially owned and controlled by these
individuals.


The net proceeds of the Issuance 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 is
expected to have initial short-term benefits, but Radiant's business and affairs
are not otherwise expected to be significantly impacted by the Issuance.


The Bonus Shares issued in conjunction with the Issuance will be subject to a
four-month hold period under applicable securities laws and the policies of the
TSXV.


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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