Radiant Obtains Bridge Financing.

PORT COLBORNE, Ontario -- Provides corporate update

Radiant Energy Corporation (TSX VENTURE:RDT) ("Radiant" or the "Company") today announced the Company completed a bridge financing facility with a private investor for C$500,000.

Short-term loan facility

The Corporation obtained a line-of-credit to a maximum C$500,000 from a private corporation based in Ontario controlled by an existing shareholder of Radiant. The line-of-credit is repayable on demand, is not secured by the assets of the Company and bears an interest rate equal to 2% per month. The Company filed a request with the TSX Venture Exchange (TSX.V) to provide an interest bonus to a maximum of 400,000 common shares based on 20% of the amounts drawn and an implied common share price of C$0.25. The bonus will only apply on principal amounts advanced to the company. If the loan bonus is not approved by the TSX.V the monthly rate of interest will increase to 5% per month. If the maximum bonus is approved, the Lender will be the beneficial holder of less than 9.8% of the common shares of Radiant. The proceeds of the loan will be used to bridge construction costs on the pending installation of the InfraTek deicing system at John F. Kennedy International Airport ("JFK") and for working capital.

Colin Digout, President of Radiant stated, "This loan is essential to maintain our momentum on JFK and other potential installations." On June 24, 2004 Radiant announced that the Port Authority of New York New Jersey Board of Commissioners approved the acquisition of Radiant's InfraTek deicing system that is able to deice aircraft as large as a B747-300 for installation at JFK. Radiant has ordered the structure and made commitments to other suppliers for construction of the JFK facility. Final contracts related to the construction and long-term operations are expected to be finalized shortly.

Extension of the Oslo Project to 2005

Radiant Aviation Services Europe AS ("RAS Europe" owned 81.6% by Radiant) received written notice from the Development Bank of Norway that the existing offer of project financing for the construction of the InfraTek Deicing system at the Gardermoen Airport, due to expire December 12, 2004, has been extended to December 12, 2005. The loan equal to 9,000,000 NOK (USD $1.4 million) represents approximately 35% of the expected project costs and working capital requirements of the Oslo Project. Oslo Lufthavn AS, the Airport Authority, also provided RAS Europe with a letter extending the right to install the InfraTek system to October 15, 2005. The foundations are installed and the heating units are in storage in Norway. RAS Europe and Radiant are in the process of raising the required US $2,000,000 to complete project.

Issuance of common shares and options

On September 29, 2004, when Radiant filed their Interim Financial Statements, 29,580,711 common shares were issued and outstanding. From then until now, Radiant issued 25,000 common shares to a consultant of Radiant through the exercise of options, 72,000 commons shares to the President of the Company through the exercise of options, 200,000 common shares to an insider of the Company through the exercise of Series C warrants, 250,000 common shares through the exercise of Series C warrants and 200,000 to holders of the Series B convertible debentures through the conversion of Series B Debentures with a face value equal to $20,000 Canadian. The current number of shares outstanding is 30,327,711. In late November 2004, the Board of Directors approved the issuance 300,000 stock options to a director and consultants of the Company. The options were issued December 13, 2004, of which an officer and director Colin Digout received 100,000. The balance of the options, equal to 200,000 options, was granted to three consultants. The exercise price of the options is $0.25 and the options expire December 12, 2009.

Securities of Radiant Energy Corporation trade on the TSX Venture Exchange (symbol RDT). The Company provides no guarantees that the above contracts will come to fruition and that unforeseen events could cause future progress on the potential contracts to be delayed or the opportunity to be lost. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

RADIANT ENERGY CORPORATION (TSX VENTURE:RDT)