[December 02, 2004]

Neutron Enterprises Inc. Executes Definitive Agreements with the DVT Group and Elumalite Technologies Inc.

LOS ANGELES --(Business Wire)-- Dec. 2, 2004 -- Neutron Enterprises Inc. (OTC BB-NTRN), following its press release of September 15, 2004 is pleased to announce the execution of definitive agreements with respect to the acquisition of certain assets of the DVT Group and Elumalite Technologies Inc. The closing of the transaction will occur on or before December 15th, 2004.

Concurrent with closing, NTRN expects to complete a US $3,000,000 private placement financing with an additional $2,000,000 to follow in the New Year.

NTRN has also concluded an employment agreement with G. Michael Singh to head up global sales and marketing for the company. Mr. Singh has previously successfully manufactured, sold and installed large scale outdoor L.E.D. screens for Woodbine and Mohawk Racetracks, Santa Anita Racetrack, Del Mar Racetrack, The MGM Grand Casino, Paris Casino Resort, The Palms Casino, Mandalay Bay Casino Resort, Luxor Casino, Tiger Stadium, University of Colorado Stadium, Calgary Stampede and most recently the new Falls View Casino in Niagara Falls, amongst many others.

"Michael is a world recognized leader in signage and indoor and outdoor L.E.D. systems and displays. His vision, global network and execution capabilities stand to significantly drive sales and recurring advertising revenues for our new digital signage business", stated Andrew Gertler, CEO and President.

NTRN's new digital signage business will focus on deploying state of the art L.E.D. displays on commercial buildings, convention centers, shopping malls, freeways, transit hubs and major retailers including grocery, pharmacy, gas station and superstores. The business expects to operate under the trade name Digital Signage Broadcast Network (DSBN) going forward, which better describes the new operations.

"The new model is a win, win, win with venue owners receiving the highest quality digital signage to compliment their locations whilst generating ancillary revenue and increased awareness, advertisers penetrate a new out of home medium to attract consumer and corporate customers, and DSBN delivers recurring advertising revenue to its shareholders", stated Mr. Singh.

NTRN is also pleased to announce that exclusive rights being acquired from Elumalite Technologies Inc. have already stimulated significant interest from at least 10 multinational customers that wish to include electroluminescent technology in their point of sale signage and marketing programs.

NTRN will use proceeds from its financing to execute the DSBN business model and will provide shareholders with frequent updates on new contracts, customers and corporate developments.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

For further information concerning risks and uncertainties that may affect our future results, please review the disclosures contained in our latest filings with the SEC, including our most recent annual report on Form 10-KSB, and subsequent quarterly reports on Form 10-QSB. Other than as required by federal securities laws, we undertake no obligation to publicly update or revise any of our forward-looking statements, whether as a result of changed circumstances, new information, future events, or for any other reason occurring after the date of this news.

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