MDC.P Madison Capital Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN
UNITED STATES


Madison Capital Corporation ("Madison") (TSX VENTURE:MDC.P) is pleased to
announce that the resolutions put to shareholders of Madison ("Madison
Shareholders") to authorize the continuation of Madison from the Province of
Alberta into the federal jurisdiction of Canada, to repeal By-Law Number 1 and
adopt Canada Business Corporation Act ("CBCA") compliant by-laws, and to approve
the plan of arrangement (the "Arrangement") under the provisions of Section 192
of the CBCA, involving Madison, the Madison Shareholders, Radient Technologies
Inc. ("Radient") and the shareholders of Radient ("Radient Shareholders"), at
the special meeting held on May 14, 2014, were duly passed.


Madison is also pleased to announce that the special resolutions put to Radient
Shareholders to amend the Articles of Radient to create an unlimited number of a
new class of shares to be designated "Special Shares" and to approve the
Arrangement, at the annual and special meeting held on May 14, 2014, were duly
passed.


The Arrangement will constitute the qualifying transaction (the "Qualifying
Transaction") of Madison in accordance with the requirements of the TSX Venture
Exchange Inc. (the "TSX Venture") Policy 2.4 - Capital Pool Companies. The
Arrangement is described in further detail in the press releases of Madison
dated November 21, 2013 and April 8, 2014, in the management information
circular Madison dated April 15, 2014, and in the arrangement agreement (the
"Arrangement Agreement") entered into between Madison and Radient dated April 7,
2014, all of which are available on SEDAR at www.sedar.com. 


The Arrangement is subject to the approval of the TSX Venture and all other
necessary regulatory and court approvals. The completion of the Arrangement is
also subject to additional conditions precedent as set forth in the Arrangement
Agreement, including but not limited to: (a) the completion of a transfer within
escrow (the "Escrow Transfer") of an aggregate of 1,050,000 common shares in the
capital of Madison at a price of $0.06 per share from current founding
shareholders of Madison to certain insiders of Radient; and (b) the completion
by Radient of a brokered private placement (the "Minimum Radient Private
Placement") of a minimum of 4,000,000 subscription receipts of Radient at a
price of $1.00 per subscription receipt for minimum gross proceeds of
$4,000,000.


About Radient

Radient develops, markets, and provides microwave-assisted natural product
extraction, purification and isolation methods, using microwave assisted
processing ("MAP(TM)"), a patented extraction platform, along with proprietary
know-how in the critical downstream processing areas of purification and
isolation. MAP(TM) is Radient's core technology, which typically yields superior
extraction, purification and isolation results than conventional extraction
processes.


Radient's technology has application in a number of industries and it has
customers that are global market leaders in each of the pharmaceutical, food,
beverage, natural health, active care and bio-fuel markets. Radient has
demonstrated to its customers that its MAP(TM) technology works with numerous
types of biomasses such as plants, micro-algae and fungi.


Radient works with customers to develop more efficient and effective extraction,
isolation and purification methods for their high-value targeted ingredients
extracted from natural biomasses using Radient's MAP(TM) technology. There are
generally three stages of engagement with each new customer. The first stage is
typically conduct of a feasibility study to apply the MAP(TM) technology to a
selected biomass within the laboratory environment in order to identify its
effectiveness on a selected biomass and to determine if any value-added benefits
exist. Such benefits can include higher yields (more of a targeted ingredient
can be extracted), better recoveries (higher purity ratios), faster processing
time and reduced solvent and energy usage (being more cost effective). The
second stage involves progression to using the MAP(TM) technology on the
selected biomass on a larger scale within a pilot plant environment. The third
and final stage is commercialization, which may result in Radient processing
biomass and supplying targeted ingredients to a customer, or a customer
licensing Radient's MAP(TM) technology and processing biomass on its own. 


Radient has begun operating its 20,000 square foot manufacturing plant in
Edmonton, Alberta. This manufacturing plant will contain a pilot plant,
relocated from Radient's previous facility in Whitby, Ontario, and a commercial
scale plant with capacity to process up to five (5) tonnes of biomass per day.
The building and premises are owned by 1631807 Alberta Ltd., of which Radient is
a 50% shareholder. The manufacturing plant will allow Radient to process biomass
on a full commercial scale, and is an integral step in Radient's
commercialization strategy of the MAP(TM) technology.


Radient's MAP(TM) technology was initially developed at Environment Canada, and
the Government of Canada filed three (3) patents in connection with it. Radient
initially licensed these patents on an exclusive basis, and subsequently
purchased them from the Government of Canada. Radient continues to develop and
file patents for additional intellectual property developed in connection with
its MAP(TM) technology.


As indicated above, completion of the Arrangement is subject to a number of
conditions, including but not limited to, completion of the Escrow Transfer,
completion of the Minimum Radient Private Placement, and TSX Venture approval.
There can be no assurance that the Arrangement will be completed as proposed or
at all.


Investors are cautioned that, except as disclosed in the information circular of
Madison prepared in connection with the Arrangement, any information released or
received with respect to the Arrangement may not be accurate or complete and
should not be relied upon. Trading in the securities of Madison or Radient
should be considered highly speculative.


The TSX Venture has in no way passed upon the merits of the Arrangement and has
neither approved nor disapproved the contents of this press release. Neither TSX
Venture nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture) accepts responsibility for the adequacy or accuracy
of this press release.


This press release contains forward-looking statements. More particularly, this
press release contains statements concerning: the completion of the Escrow
Transfer, the completion of the Minimum Radient Private Placement, the receipt
of TSX Venture approval, and the completion of the Arrangement. The
forward-looking statements are based on certain key expectations and assumptions
made by Madison and Radient, including the timing of completion of the Minimum
Radient Private Placement, the timing of receipt of required TSX Venture
approval and the satisfaction of other conditions to the completion of the
Arrangement as set forth in the Arrangement Agreement.


Although Madison and Radient believe that the expectations and assumptions on
which the forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because no assurance can
be provided that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, risks that the Escrow Transfer is not completed, the Minimum
Radient Private Placement is not completed, the required TSX Venture approval is
not obtained on terms satisfactory to the parties or at all, and risks that
other conditions to the completion of the Arrangement are not satisfied on the
timelines set forth in the Arrangement Agreement or at all.


The forward-looking statements contained in this press release are made as of
the date hereof and neither Madison nor Radient undertake any obligation to
update publicly or revise any forward-looking statements or information, whether
as a result of new information, future events or otherwise, unless so required
by applicable securities laws.


This press release does not constitute an offer for sale of securities in the
United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Capital Corporation
Theodore Rousseau
President
(780) 918-0470


Radient Technologies Inc.
Denis Taschuk
Chief Executive Officer
(780) 465-1318 (ext. 274)

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