Rodinia Lithium Secures $2 Million Stand-By Credit Facility From Key Shareholder

Toronto, Canada, February 26, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM) (Nasdaq-RDNAF.PK)is pleased to announce it has entered into a $2.0 million stand-by credit facility (the “Credit Facility”) with Aberdeen International Inc. (“Aberdeen”).  Aberdeen is currently a significant shareholder of Rodinia, is a long-time supporter of the Company, and is a member of the Forbes & Manhattan Inc. group of companies.

Under the Credit Facility, Rodinia has the ability to draw down amounts up to a maximum of $2.0 million (subject to the terms of the Credit Facility), with repayment of any draw down to be made by February 25, 2016.  Any amounts drawn down will bear interest at 10% per annum, payable quarterly in arrears, with the first installment due on June 30, 2013. As at September 30, 2012 (the Company’s most recent financial statements for the third quarter), the Company had $621,000 in cash and no debt.  Rodinia expects that its current funding will be sufficient to fund its operations through the delivery of a revised National Instrument 43-101 Mineral Resource Estimate and Feasibility Study for its Salar de Diablilos lithium-potash project in Salta, Argentina.

“The Credit Facility is a tremendous vote of confidence from one of our largest shareholders.  It insulates us from market uncertainty and provides a ready source of non-dilutive funding, if required, in the future,” said Aaron Wolfe, Vice President Corporate Development of Rodinia.  “We very much appreciate the on-going support of one of the Company’s longest and largest shareholders as we continue to achieve our short term milestones.”

In consideration for Aberdeen’s commitment under the Credit Facility, Rodinia has agreed to secure the Credit Facility against its Salar de Centenario assets.  No fees or warrants have been issued in relation to the establishment of the Credit Facility.  Promptly after signing the Credit Facility, the Company will draw down $300,000 from the line of credit. 

Aberdeen is a non-arm’s length party; as such term is defined by the TSX-Venture Exchange, as Aberdeen and Rodinia have a common senior officer.

About Rodinia Lithium Inc.:

 Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. 

For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the anticipated effects of the results and the impact of the Credit Facility. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE 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.

New Energy and City of Roanoke, VA Successfully Debut World's First-of-Its-Kind Electricity-Generating Rumble Strip to Nearly 6000 Visitors

November 2011 by Marketwire

  New Energy Technologies, Inc. (OTCQB: NENE) (PINKSHEETS: NENE) and the City of Roanoke, Virginia successfully debuted the Company's latest MotionPower(TM)-Express system, the world's first-of-its-kind rumble strip, capable of generating sustainable electricity. The Civic Center debut marks the first of several test and demonstration events the Company plans to conduct in partnership with the City of Roanoke. 

"The City of Roanoke takes seriously its responsibility to be good stewards of the environment and is always looking for unique ways to meet our mission of increased sustainability," said Ken Cronin, Director of General Services/Sustainability for the City of Roanoke. "We are proud to be the first city in the nation to test this novel technology with the potential to make the way we produce energy more clean and green." 

Held last weekend at the Roanoke Civic Center, nearly 6000 visitors and over 580 vehicles participated in the demonstration event, with each driver activating New Energy's patent pending MotionPower(TM)-Express System. As drivers slowed down, or came to a stop, their vehicle tires depressed small rumble strip-like treadles, allowing for the capture of kinetic energy. This captured energy was converted to electricity, which powered a series of brightly illuminated lights displayed to drivers.
Engineering estimates show an optimized and installed MotionPower(TM) System experiencing a traffic pattern similar to the 6-hour event, could produce enough sustainable electricity to power lights for the average American home for an entire day. In commercial applications, the same electricity could power a 150 square foot sports-venue electronic billboard or marquee for an entire day. 

"The MotionPower(TM)-Express was safely demonstrated to over 580 vehicles attending events on Saturday," said Robyn Schon, General Manager of the Roanoke Civic Center, managed by Global Spectrum, manager of over 100 public assembly venues around the world. "Visitors were excited to learn more about the technology and to help the City of Roanoke in its mission to implement green energy initiatives."
"We applaud and thank the City of Roanoke for their vision and cooperation in making this a successful demonstration," said John Conklin, President and CEO of New Energy Technologies, Inc. "I especially want to thank the hundreds of drivers and thousands of participants who helped us green the City, one car at a time." 

MotionPower(TM)-Express can be designed for a range of speeds based on traffic pattern and the amount of energy required for a specific application. These applications may include: sport and entertainment venues, solid waste transfer stations, fleet vehicle maintenance facilities, transportation depots, airports (passenger arrival and departure areas), parking lots, border crossings, exit ramps, neighborhoods with traffic calming zones, rest areas, toll booths, and travel plazas. 

"MotionPower(TM) can offset the city's cost of operating traffic control devices, such as traffic signals and street lights," said Mark Jamison, City of Roanoke Manager of Transportation. "This innovative partnership with New Energy Technologies has the potential to provide a more sustainable environment, while simultaneously conserving strained budgets of cities across the nation." 

More than 250 million vehicles are registered in America and an estimated 6 billion miles are driven on our nation's roads every day. According to the U.S. Energy Information Administration nearly 70 percent of America's electricity is generated by natural gas and coal. The environmental impact of greenhouse gas emissions and the rising cost of those non-renewable fuels, along with the potential doubling of global electricity consumption in the coming years, require the urgent need for creative, sustainable methods of generating electricity. The prospect of sustainably converting vehicle motion and deceleration (vehicle energy) into electricity represents significant positive environmental impact and alternative energy opportunities.
About New Energy Technologies, Inc. New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next generation alternative and renewable energy technologies.

Among the Company's technologies under development are:

--  MotionPower(TM) roadway systems for generating electricity by
    capturing the kinetic energy produced by moving vehicles -- a
    patent-pending technology, the subject of 18 US and International
    patent applications. An estimated 250 million registered vehicles
    drive more than six billion miles on America's roadways, every day;
    and
--  SolarWindow(TM) technologies which enable see-through windows to
    generate electricity by 'spraying' their glass surfaces with New
    Energy's electricity-generating coatings -- the subject of 10 patent
    applications. These solar coatings are less than 1/10th the thickness
    of 'thin' films and make use of the world's smallest functional solar
    cells, shown to successfully produce electricity in a published
    peer-reviewed study in the Journal of Renewable and Sustainable Energy
    of the American Institute of Physics.

Through established relationships with universities, research institutions, and commercial partners, we strive to identify technologies and business opportunities on the leading edge of renewable energy innovation. Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such costs as land and building acquisition, equipment and capital equipment purchases, and other start-up expenses. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations.
For additional information, please call Ms. Briana L. Erickson toll-free at 1-800-213-0689 or visit: www.newenergytechnologiesinc.com. 

To receive future press releases via email, please visit:
http://www.newenergytechnologiesinc.com/investor_alert
To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20111104 

For media inquiries please contact Jerry Schranz at jschranz@beckermanpr.com, or visit our Media Relations page for additional contact information:
http://www.newenergytechnologiesinc.com/media_relations 

Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although New Energy Technologies, Inc. (the "Company" or "New Energy Technologies") believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that New Energy Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Ms. Briana L. Erickson
New Energy Technologies, Inc.
9192 Red Branch Road, Suite 110
Columbia, MD 21045
Email: Email Contact
Phone: 800-213-0689
www.newenergytechnologiesinc.com

SOURCE: New Energy Technologies, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=CACE396FC2A71DE4
http://www.newenergytechnologiesinc.com/

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