Nuvolt Corporation Inc. Announces a Private Placement of a Maximum of $1,775,000

LEVIS, QUEBEC, Jul 30 (MARKET WIRE) --
Mr. Jacques Dion, President and Chief Executive Officer of Nuvolt
Corporation ("Nuvolt") (TSX VENTURE: NCO) announces its intent to
complete a non-brokered private placement financing of up to 11,833,333
units (the "Units") at a price of $0.15 per Unit, for maximum proceeds of
$1,775,000 (the "Placement"). Each Unit is comprised of one common share
of Nuvolt and one warrant. Each warrant entitles the holder to acquire
one common share of Nuvolt, at a price of $0.15 per share for a period of
36 months following the closing date. The Units will be subject to a four
month hold period under applicable securities laws. The proceeds of the
Placement will be used for general corporate purposes and to complete and
market Nuvolt's new SMARTSCAN technology. The Placement is subject to
regulatory approval.

Based on current indications, Nuvolt expects that a minimum of 6,833,333
Units will be subscribed by members of its board of directors and their
affiliates, for proceeds of $1,025,000.

About Nuvolt Corporation Inc.

Nuvolt specialises in designing and marketing equipment monitoring
systems and electrical network management for the industrial, commercial
and agricultural sectors.

Its main products are the Agrivolt System, an electrical network
management system for dairy, pig and poultry farms, Agrivolt Filters, to
control electronic noise in agricultural and commercial applications and
RELAX, a farm equipment monitoring system.

Nuvolt is also following through with the development of SMARTSCAN, a
highly innovative monitoring system which can prevent electrical failures
on electrical networks in the industrial, commercial and agricultural
sectors.

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. 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. There is no
guarantee that the private placement will be completed as mentioned in
this press release or that its terms will not be varied.

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.

Contacts:
Nuvolt Corporation Inc.
Jacques Dion, CEO
418-833-0773
418-833-4055 (FAX)

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