Olie Announces Assignment Agreement

Olie Announces Assignment Agreement

VANCOUVER, British Columbia, March 27, 2013 (GLOBE NEWSWIRE) -- Olie, Inc.
(OTCQB:OLIE) ("Olie" or the "Company") announces that a material definitive
agreement (the "Assignment Agreement") has been executed by and between Robert
Gardner & Associates (the "Gardner Group") and the Company. Pursuant to the
Assignment Agreement, the Gardner Group has assigned to the Company its rights
under the Letter Agreement dated December 9, 2012 between the Gardner Group
and EnCanSol Capital Corporation ("EnCanSol").The Letter Agreement relates to
an acquisition of EnCanSol by the Company and potential funding for the
Company.

EnCanSol develops and manufactures economical and environmentally responsible
rechargeable battery products. EnCanSol is the owner of the technology for
"Flat Plate RAMCELLS" for which it owns or controls approximately 25 patents
worldwide.

Since 1994, small format RAMCELL batteries in AAA, AA, C and D sizes have been
manufactured and sold to Original Equipment Manufacturers (OEMs) and to
leading retailers world-wide, including Wal-Mart, Frys, Woolworths, Best Buy,
Canadian Tire, QVC, Auschan, and Metro AG. Olie hopes to expand the small
format business into new OEM and retail markets and also bring to market a
large format, flat plate RAMCELL battery. With several performance, cost and
environmental advantages, this battery should compete in the multi-billion
dollar lead acid battery market.

The large format RAMCELLS will primarily compete with lead acid batteries. Its
low self-discharge rate (less than 4%/year), coupled with its low cost, small
size, light weight, higher performance, and environmental friendliness, make
it ideal for backup/standby power applications. These include cell towers,
cable communication systems, traffic lights, airports, healthcare facilities,
critical municipal and other governmental service facilities, and building
safety lighting, to name a few. These same characteristics will make it an
ideal replacement for the SLI (Starting, Lighting, and Ignition) vehicle
battery.

The small format RAMCELLS can be used in any application that traditionally
uses disposable batteries, including flashlights, clocks, radios, remote
controls, toys, video games, and audio devices. RAMCELLS are also used in
battery pack form in a growing number of OEM products including LED lighting
products, solar lighting, energy monitors, mice and keyboards, and solar
clocks. Small format RAMCELLS are also now being used in several large
hand-held flashlights replacing lead acid batteries.

Olie is presently in negotiations to acquire a small format RAMCELL
manufacturing plant located in Amherst, Nova Scotia. The plant is ISO 9001
certified, and has annual capacity of over 75 million batteries. The plant
consists of automated equipment for chemical processing, parts making, AA and
AAA size battery manufacturing assembly lines, and final packaging, as well as
quality control and test equipment. Large format RAMCELL pilot production is
being set up at this facility.For commercial production of large format
RAMCELLS, Olie is reviewing several options including the establishment of its
own manufacturing plant, as well as joint venture production opportunities in
key international markets.

Olie, Inc. Safe Harbor Statement

This press release may contain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements are based on the
current plans and expectations of management are subject to a number of
uncertainties and risks that could significantly affect the company's current
plans and expectations, as well as future results of operations and financial
condition. The Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.

No stock exchange or regulatory organization in Canada accepts responsibility
for the adequacy or accuracy of this release.

CONTACT: Robert C. Gardner
         Phone: 604-669-9000
         E-mail: robertgardner@telus.net
 
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