Methes Energies Closes $1.7 Million Private Placement

Methes Energies Closes $1.7 Million Private Placement 
LAS VEGAS, NV -- (Marketwire) -- 02/20/13 --  Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to a network of biodiesel
fuel producers, today announced that on February 19, 2013, it
completed a $1.7 million private placement pursuant to Regulation D
of the Securities Act of 1933, as amended. In the offering, Methes
sold 425,000 units to accredited investors at a purchase price of
$4.00 per unit, each unit consisting of one share of common stock,
one redeemable Class A warrant and one redeemable Class B warrant.
Each warrant is exercisable to purchase one share of common stock at
$7.50 and $10.00, respectively, and expires on October 12, 2017. Net
proceeds from the offering were approximately $1.5 million, after
deducting offering expenses and placement agent fees. 
Paulson Investment Company, Inc., wholly owned subsidiary of Paulson
Capital Corp. (NASDAQ: PLCC), acted as lead placement agent, and
Barrett & Company, ViewTrade Securities Inc. and Finance 500 Inc.,
acted as co-placement agents.  
Michel G. Laporte, Chairman & CEO of Methes Energies International
Ltd., said, "We are pleased to have finalized this private placement.
This financing helps augment the proceeds from our IPO, which was
smaller than expected, and gets us back on track to fund the business
going forward."  
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 www.methes.com. 
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 www.sec.gov. 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.  
Contact:
Methes Energies International Ltd. 
Michel G. Laporte
Chairman and CEO 
702-932-9964