TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") today announces the filing of its audited financial results for the year ended August 31, 2011. During the year ended August 31, 2011, the Corporation posted a net and comprehensive loss of $748,557 ($0.033 per share, basic and fully diluted), compared to a net and comprehensive loss of $12,798 for the period ended August 31, 2010 ($0.004 per share, basic and fully diluted).

During the period from incorporation to August 31, 2011, the Corporation had no business activities other than in connection with its incorporation, initial public offering which closed on December 7, 2010 and the Qualifying Transaction (as such term is defined in Policy 2.4 of the TSX Venture Exchange) that closed on July 15, 2011.

"2011 was a key year for Essex Angel and its strategic investments in two exciting and emerging companies," said Richard Galdi, President and Chief Executive Officer of the Corporation.

This financial summary should be read in conjunction with the Corporation's audited financial statements for the period ended August 31, 2011 and Management's Discussion and Analysis, both of which are available on [ www.sedar.com ].

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