ARISE Technologies Corporation Completes $22 Million Prospectus Financing of Common Shares

April 24, 2007

ARISE Technologies Corporation (“ARISE”) (TSX-V:APV), a solar technology company, completed a public offering of Common Shares pursuant to which the Corporation issued 22,000,000. Common Shares at a price of $1.00 per Common Share, for aggregate gross proceeds of $22,000,000 The Common Shares were sold through a syndicate of Underwriters led by Canaccord Capital Corporation and included CIBC World Markets Inc., Cormark Securities Inc., D&D Securities Company, Dundee Securities Corporation and Loewen, Ondaatje, McCutcheon Limited. On May 2, the Underwriters exercised the Over-Allotment Option to acquire an additional 3,300,000 Common Shares of ARISE for aggregate gross proceeds to ARISE of $3,300,000. Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that included Charlie Malone, Geoffrey Cher, Alexandra Vazquez and Joanne Sanci (corporate/securities).

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