Issue of Equity

12 October 2012

                          PowerHouse Energy Group plc                          

                        (the "Company" or "PowerHouse")                        

                                Issue of equity                                

Further to the final results announcement released on 9 October 2012 the
Company can confirm that application has been made for the 520,000 new ordinary
shares to be admitted to trading on AIM. Admission of such shares is expected
to become effective and dealings are expected to commence on AIM on 15 October
2012.

Following the issue of these shares, the Company will have 285,034,426 ordinary
shares in issue.

For additional information please contact:

PowerHouseEnergy Group plc

Keith Allaun

[phone]

Merchant Securities Limited (NOMAD and Broker)

David Worlidge/Simon Clements

[phone]