Revolution Technologies Inc. Announces Iron Acquisition

TORONTO, ONTARIO, Mar 24 (MARKET WIRE) --
Revolution Technologies Inc. (PINK SHEETS: RVLTF)(FRANKFURT: 3GP) is
pleased to announce that, majority owned subsidiary CANADA IRON INC. has
completed an option agreement to purchase a 100% interest in the Gunflint
(Aka Mount Edna) Iron deposit, located in Jean Township, 70 km southwest
of the City of Thunder Bay, Ontario, Canada. The property covers 5 square
miles and hosts a historic estimate of 270,000,000 tons averaging 26.29%
Fe (NI 43-101 non compliant). This estimate is based on results from over
2,000 feet of historic diamond drilling in thirteen drill holes and dip
needle surveys on one claim in the group. It may be possible to greatly
expand this iron resource.

The iron deposit consists of taconite-grade Superior type oxide facies
iron formation containing magnetite and hematite. On the property, iron
formation is exposed in an elevated ridge overlain by 20 meters of
diabase. The presently-defined iron deposit is hosted in an area 6000 by
1500 feet to a depth of 300 feet. Two grab samples from the north face of
"Divide Ridge" returned 34.1% and 33.9% Fe and gave concentrates of 54.0
and 50.9% Fe at -200M (M equals mesh) with 30.2 and 35.2% weight
recovery. Metallurgy and quality of the deposit are presently unknown.
Much of North American iron production comes from nine mining operations,
seven of which are located on the Mesabi Iron Range in Northern
Minnesota, U.S.A. The Gunflint Iron Deposit is located north across the
border, in Canada. Location of the deposit is favorable with respect to
required infrastructure for mining and shipping. Thunder Bay has a deep
water harbor for iron shipment throughout the Great Lakes and St Lawrence
Seaway to Europe and Asia.

Terms of the acquisition include work commitments over a 3 year period,
shares in privately held Canada Iron Inc. and a negotiated one time
payment by Feb. 2012. The agreement is subject to a 2% Net Smelter
Royalty ("NSR").

"We are very pleased to become a partner with the vendor of this
property. Not only does this project involve a large historic resource,
which we plan to prove up to modern reporting standards, but the project
carries the additional benefit of being very close to deep-water port
facilities at Thunder Bay," according to Gary Handley President.

The Company intends to commence a work program as soon as possible in
order to verify sample data, prepare for a winter/spring drill program,
and to complete a NI43-101 compliant report.

This news release contains certain "forward-looking statements," such as
statements that describe the plans, objectives, and goals of the
management of Revolution Technologies Inc. Forward-looking statements are
necessarily subject to a variety of risks, uncertainties, and other
factors that could cause actual events or results to differ materially
from those expressed or implied by these forward-looking statements. The
reader is cautioned not to place undue reliance on forward looking
statements.

Revolution Technologies Inc. has 113,477,000 common shares issued and
outstanding. The Company's shares are posted on the Pink Sheets
(www.pinksheets.com) under the symbol RVLTF.

On behalf of the Board

Canada Iron Inc.

Gary Handley, President

No regulatory body has reviewed the adequacy
or accuracy of this news release.

Contacts:
Revolution Technologies Inc.
Mr. Gary Handley
(905) 726-8585

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