Radiant Announces Loan from Insider

TORONTO, ONTARIO, Jan 12 (MARKET WIRE) --
Radiant Energy Corporation, (TSX VENTURE: RDT) ("Radiant") announced that
its board of directors has approved the entering into of an agreement
with Gregory O'Hara, a director of Radiant who beneficially owns or
controls more than 10% of the issued and outstanding common shares of
Radiant, whereby Mr. O'Hara (or a company controlled by him) will loan
Cdn$300,000 to Radiant (the "Loan"). The Loan 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 Loan is
being entered into as a result of the financial difficulties of Radiant.
The Loan has been approved by Radiant's independent directors who have
reviewed the terms of the Loan with management and determined that such
terms are reasonable in the circumstances, that the Loan will improve the
financial condition of Radiant and that the Loan is in the best interests
of Radiant. Radiant is therefore moving to close the transaction as soon
as possible, with an agreement anticipated by January 19, 2009.

The net proceeds of the Loan will be used to address working capital
requirements while Radiant continues to work toward the closing of its
previously-announced private placement of common shares through Brant
Securities (the "Private Placement"), currently expected at the end of
January 2009. Since it is expected that the Loan will be of a short-term
duration, Radiant's business and affairs are not expected to be
significantly impacted by the Loan.

The Loan has a six month term without interest and will be unsecured,
provided that the Private Placement closes by the end of January 2009. If
the Loan is not repaid by this time, Mr. O'Hara has the right to be
granted a security interest in all of the assets of Radiant, provided all
required consents are obtained. In addition, Mr. O'Hara will be issued
warrants to purchase up to 300,000 common shares of Radiant at a price of
Cdn$0.12 per common share with an 18-month term. The Loan can be repaid
at any time by Radiant.

A total of 300,000 common shares of Radiant will be issuable pursuant to
the terms of the warrants issued to Mr. O'Hara, which represent
approximately 0.15% of the 196,122,684 common shares of Radiant currently
issued and outstanding.

The Loan is subject to the approval of the TSX Venture Exchange (the
"TSXV"). All securities issued in conjunction with the Loans 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. The
Company'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.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.

Contacts:
Radiant Energy Corporation
Larrie Shepherd
President and Chief Executive Officer
(416) 922-8778
Website: www.radiantenergycorp.com

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