MONTREAL, January 18th, 2012- Sofame Technologies Inc. (TSX-V: SDW), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to announce that the Company is seeking $700,000 in financing. The final form of investment has not been finalized; however, the Company is considering either a debenture with a 3-year term, convertible to common shares at $0.10 per share after one year at the option of the lender, or an issue of non-brokered units at a price of $0.05 per unit, with each unit comprised of one common share and a two-year purchase warrant for half of one common share at $0.10 cents. Proceeds of the funding would be used to repay the secured bridge loan and to pay remaining trade debts, interest and government liabilities, as well as general working capital purposes.

Sofame's shares resumed trading on the TSX Venture Exchange on Tuesday, January 10th. The investors in Sofame's bridge loan have granted an extension to January 31st for the company to arrange repayment of $250,000 of capital plus approximately $33,000 of interest. The Company had been seeking an investment of $500,000 announced on January 24, 2011, and successfully closed on $300,000 in January 2011. Sofame could not close the balance of that private placement after trading in its shares was suspended on June 1, 2011 for failure to file in due time its quarterly interim financial reports for March 31, 2011.

Sofame is also pleased to announce immediate resumption of discussions with C3E to complete the $301,000 loan offer previously announced on July 19, 2011 to finance marketing of Sofame's innovative industrial water heating and heat recovery systems. The $700,000 financing is being negotiated to complete the C3E package. As a result of C3E's loan offer, Sofame has already returned to promoting its award winning industrial energy efficiency technologies at key energy industry trade shows such as Power-Gen in December 2011, AHR Expo (ASHRAE) in January 2012 and International District Energy Association (IDEA Campus energy Show) in February 2012. As part of Sofame's marketing program, Autodesk Consulting has completed the automated design software package of Sofame's Percotherm® product. This partnership with Autodesk was originally announced in a press release dated February 14, 2011.

According to Sofame's President and CEO, John Gocek, "The current financing is necessary to release the bridge loan investors, and bring patient capital. Sofame has a $1.73 million order book at the start of 2012, low operating costs, and there is strong interest in our products. Adequate funding will send a strong positive message to customers."

About Sofame

Sofame's products help hospitals, food processing plants, universities, central heating plants, utilities and many more large energy consumers to significantly reduce fuel costs and greenhouse gas emissions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Stone Communication Services

John Gocek Jason Stone

President & CEO Franca Pranovi

(514) 523-6545 x200 (416) 867-2526

jasons@stoneco.com

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