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LEVIS, QUEBEC--(Marketwire - May 26, 2010) - Mr. Jacques Dion, President and Chief Executive Officer of Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) announces its intent to complete a non-brokered private placement as debentures financing for maximum proceeds of $1M (the "Placement"). The debentures will be non-guaranteed, with interest rate at 12%, maturing in 18 months and will be convertible into common shares of Nuvolt, at a unit price of $0.20. Some members of the Board of Directors indicated their intention to participate in the Placement of up to $350,000. The proceeds of the Placement will be used to launch the production of SMARTSCAN, whose first market deliveries are planned for fall 2010. The Placement is subject to regulatory approval.

Furthermore, Nuvolt informs that it ended, on April 30, the private placement of a maximum of $500,000 announced on last January 28. At the closing of this Placement, 1,666,666 units of the Company were issued, for proceeds of $250,000. Each unit is comprised of one common share and one warrant.

About Nuvolt Corporation Inc.

Nuvolt has developed a specialized expertise in the management of electrical failures, power quality, the detection and neutralization of leakage current, as well as electrical network monitoring systems.

Nuvolt has devoted a great deal of energy to and has made major investments in the development of the SMARTSCAN project. The SMARTSCAN system is a user-friendly product that can be distributed by independent distributors active in specialized sectors including the farming, commercial and industrial 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.