VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2012) -GreenAngel Energy Corp. (TSX VENTURE:GAE) ("GreenAngel") today announces that Bruce Schmidt has been appointed as the company's new CEO, replacing Bob de Wit. Remaining as an active director on the GreenAngel Energy Board, Mr. de Wit has taken a full time position with the Greater Vancouver Home Builders' Association, effective October 2012.

"As one of the founding directors it was a straight forward decision to appoint Bruce as the new CEO," says Chairman Mike Volker. "Bruce has been an ongoing influence on GreenAngel's investment strategy." Replacing Bruce as the chief finance officer (CFO) will be newest board member James Pratt.

"First, I'd like to thank Bob for his valuable service from the outset of the company's creation," comments Bruce Schmidt. "I will strive to continue to increase shareholder value and to seek out early stage undervalued green energy assets which we can finance and mentor into tomorrow's top green technology companies."

To learn more about Bruce and his diverse experience in the green technology and angel investing space in Vancouver follow this link [ http://greenangelenergy.ca/bruce ].

About GreenAngel Energy

GreenAngel Energy Corp. is the first publicly traded company that invests solely in emerging private green technology companies. We provide an avenue for public investors to gain access to a portfolio of the most promising angel-stage investments across a spectrum of green technology sectors. Our focus is commercializing new technologies that produce renewable energy, improve energy efficiency, or use renewable energy resources such as water, wind and solar. We also work with companies that deploy or manage technologies and processes that reduce greenhouse gas (GHG) emissions. In addition to providing strategic capital to investee companies, GreenAngel also mentors and advises investees to help ensure these companies achieve commercial success. The firms include Delaware Power Systems, Mazza Innovation, Light-Based Technologies, Habitat Carbon Assets, Rapid Electric Vehicles, DPoint Technologies, and Paradigm Environmental Technologies. For more information, please visit [ www.greenangelenergy.ca ].

ON BEHALF OF THE BOARD

Michael Volker, Chairman

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements that reflect the expectations of management regarding the Company's listing of its common shares on the TSX Venture Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

Contributing Sources

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