Methes Energies International Ltd. Closes Its Initial Public Offering

  Methes Energies International Ltd. Closes Its Initial Public Offering

Business Wire

LAS VEGAS -- October 31, 2012

Methes Energies International Ltd. (NASDAQ: MEILU), a renewable energy company
that offers an array of products and services to a network of biodiesel fuel
producers, today announced the closing of its initial public offering of
560,000 units at an initial public offering price of $5.00 per unit. Net
proceeds from the offering were approximately $2.3 million, after deducting
the underwriting discount and estimated offering expenses payable by the

Paulson Investment Company, Inc., wholly owned subsidiary of Paulson Capital
Corp. (NASDAQ: PLCC), and Barrett & Company acted as managers of the

The Methes units, each consisting of one share of common stock, one Class A
redeemable common stock purchase warrant and one Class B redeemable common
stock purchase warrant, are listed under the symbol “MEILU” and will trade on
the NASDAQ Capital Market until November 26, 2012. Beginning on November 26,
2012, Methes Energies International’s common stock, Class A warrants and Class
B warrants will trade separately under the symbols “MEIL,” “MEILW” and
“MEILZ,” respectively. Once separate trading in the common stock and warrants
commences, the units will cease trading and will be delisted.

A registration statement on Form S-1 relating to this offering was filed with
and declared effective by the Securities and Exchange Commission. The offering
was made only by means of a written prospectus forming part of the effective
registration statement. Copies of the prospectus related to the offering may
be obtained by calling the syndicate department of Paulson Investment Company,
Inc., at 503-243-6010, or visiting the website at

This press release is not an offer to sell these securities and is not
soliciting an offer to buy these securities in any jurisdiction where the
offer or sale is not permitted.

About Paulson Capital Corp.

Paulson Capital Corp. is the parent company of Paulson Investment Company,
Inc. Headquartered in Portland, Oregon, Paulson Investment Company, Inc. is a
national leader in public offerings of small and emerging growth companies
with capital needs of $5 million to $45 million. Founded by Chester “Chet”
Paulson in 1970, it has managed or underwritten 170 securities offerings and
has generated more than $1.2 billion for client companies.

About Methes Energies International Ltd.

Methes Energies International Ltd. is a renewable energy company that offers a
variety of products and services to biodiesel fuel producers. Methes also
offers biodiesel processors that are unique, truly compact, fully automated
state-of-the-art and continuous flow that can run on a wide variety of
feedstocks. Methes markets and sells biodiesel fuel produced at its showcase
production facility in Mississauga, Ontario, Canada and at its recently
commissioned 13 MGY facility in Sombra, Ontario, to customers in the U.S. and
Canada, as well as providing multiple biodiesel fuel solutions to its
clientele. Among its services are selling commodities to its network of
biodiesel producers, selling their biodiesel production and providing clients
with proprietary software to operate and control their processors. Methes also
remotely monitors the quality and characteristics of its clients' production,
upgrades and repairs their processors and advises clients on adjusting their
processes to use varying feedstock to improve the quality of their biodiesel.
For more information, please visit

This press release contains forward-looking statements regarding future events
and financial performance. In some cases, you can identify these statements by
words such as “may,” “might,” “will,” “should,” “except,” “plan,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,”
the negative of these terms and other comparable terminology. These statements
involve a number of risks and uncertainties and are based on numerous
assumptions involving judgments with respect to future economic, competitive
and market conditions and future business decisions, all of which are
difficult or impossible to predict accurately and many of which are beyond the
Company’s control. There are or may be important factors that could cause our
actual results to materially differ from our historical results or from any
future results expressed or implied by such forward looking statements. These
factors include, but are not limited to, those discussed under the section
entitled “Risk Factors” in our Registration Statement on Form S-1, filed June
22, 2012, as amended, which is available at the U.S. Securities and Exchange
Commission website at The forward-looking statements in this
press release are based upon management's reasonable belief as of the date
hereof. The Company undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.


Methes Energies International Ltd.
Michel G. Laporte, 702-932-9964
Chairman and CEO
Porter, LeVay & Rose, Inc.
Michael Porter, 212-564-4700
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