Braille Energy arranges $350,000 private placement

Ms. Lindsay Weatherdon reports BRAILLE ENERGY SYSTEMS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $350,000 Braille Energy Systems Inc. intends to complete a non-brokered private placement for gross proceeds of up to $350,000, subject to acceptance by the TSX Venture Exchange. The company proposes to issue up to seven million units at a price of five cents per unit for aggregate gross proceeds of up to $350,000. Each unit will consist of one common share in the capital of the company and one full common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of 5.5 cents per share for a period of five years from the date of issuance. The proceeds of the financing will be used for general working capital purposes. Certain insiders of the company may participate in the financing. Such participation will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -– Protection of Minority Security Holders in Special Transactions. The company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the securities issued to insiders nor the consideration paid by insiders is expected to exceed 25 per cent of the company's market capitalization. Finders' fees may be paid in connection with the financing in accordance with the policies of the TSX-V. All securities issued pursuant to the financing will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and TSX-V policies. About Braille Energy Systems Inc. Braille Energy Systems is a public holding company which is focused on commercializing battery technologies and energy storage systems around the world. Through its Electrafy energy management platform and Braille battery high performance products, the company delivers scalable, reliable and sustainable solutions for residential, fleet, defence, aerospace and industrial markets. Braille Energy Systems holds an 89.95-per-cent equity interest in Braille Holdings Inc., which holds 100-per-cent equity interest in Braille Battery Inc. We seek Safe Harbor.