MW Coast Mountain Power Corp

Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), an independent solar
power producer, and Phoenix Solar AG ("Phoenix Solar") (ISIN DE000A0BVU93), a
leading photovoltaic system integrator listed on the German TecDAX, today
announced an agreement to build a 3.5 megawatt ("MW") solar power plant in the
Lazio region of Italy. Phoenix Solar will design and construct the plant, and
provide operations and maintenance services.


Marco Northland, Etrion's CEO, commented, "We are pleased to partner with
Phoenix Solar on this project and look forward to expanding our relationship in
the near future. The 3.5 MW solar plant in Borgo Piave, Lazio is part of our
internal development portfolio and demonstrates our Italian team's execution
capability converting business development pipeline into installed megawatts."


Ulrich Reidenbach, Chief Sales Officer for Phoenix Solar, said, "We are
delighted that Etrion has chosen Phoenix Solar for our expertise in constructing
large scale solar parks. We hope to continue our cooperation in the near future
with additional projects."


The 3.5 MW ground-based solar photovoltaic ("PV") plant is expected to produce
over 5 million kilowatt hours ("kWh") of electricity and approximately 2 million
euros of cash flow ("EBITDA") per year. The plant is expected to benefit from
the 2010 feed-in-tariff of 0.346 euros per kWh plus a market price of
approximately 0.08 euros per kWh.


The Italian feed-in-tariff is a premium purchase price for renewable electricity
that is guaranteed by the Italian government for 20 years from the start of
operations.


The solar plant will use Trina modules with crystalline, fixed-tilt technology
and SMA inverters. Construction is targeted to begin by August 2010, and grid
connection is expected by the end of 2010.


The Phoenix Solar contract price is approximately 10 million euros. Etrion
intends to fund the project through a bridge loan from its major shareholder,
Lundin Petroleum. The bridge loan carries interest at LIBOR plus 3%. Etrion
expects to re-finance 80-85% of project costs with a long-term non-recourse bank
loan before the end of the year.


About Phoenix Solar

Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic system integrator. With total revenues of EUR
473 million, the Group achieved an EBIT of EUR 12.2 million in the financial
year 2009. The company develops, plans, builds and takes over the operation of
large-scale photovoltaic plants and is a specialist wholesaler for complete
power plants, solar modules and accessories. The Group is a leader in
photovoltaic system technology. It focuses on the consistent lowering of system
costs. With a sales network throughout Germany, and subsidiaries in Spain,
Italy, Greece, France, Singapore, Oman and Australia, the Group currently has a
workforce of more than 300 employees. The shares of Phoenix Solar AG (ISIN
DE000A0BVU93) are listed on the official market (Prime Standard) of the
Frankfurt Stock Exchange and on the TecDAX, Deutsche Borse AG's technology
index.


About Etrion

Etrion Corporation is focused on building, owning and operating electrical power
plants based on renewable sources of energy, including solar photovoltaic. The
Company is listed on the Toronto Stock Exchange (ticker symbol "ETX") and is
based in Geneva, Switzerland with an office in Rome, Italy. Etrion is owned 45%
by Lundin Petroleum, a Swedish independent oil and gas company traded on the
NASDAQ OMX Stockholm exchange (ticker symbol "LUPE"), and approximately 13% by
the Lundin family through various trusts.


For additional information, please visit the Company's website at www.etrion.ch.

Forward-Looking Information:

This press release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
the timing of the construction and grid connection of the 3.5 MW solar project
in Borgo Piave, the production capacity thereof and the expected cash flow
therefrom and the proposed re-financing of the project) constitute
forward-looking information. This forward-looking information reflects the
current expectations or beliefs of the Company based on information currently
available to the Company as well as certain assumptions including, without
limitation, assumptions as to the price at which the Company will be able to
sell electricity from the project and an assumption that the Company will be
able to realize EBITDA margins for the projects that are equivalent to the
average margins for similar projects. Forward-looking information is subject to
a number of significant risks and uncertainties and other factors that may cause
the actual results of the Company to differ materially from those discussed in
the forward-looking information, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations include,
but are not limited to, the possibility of project cost overruns or
unanticipated costs and expenses or delays in construction, the failure to
obtain re-financing for the project on anticipated terms and the failure to
obtain necessary regulatory and other approvals.


Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.

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