MW Coast Mountain Power Corp

Etrion Corporation ("Etrion" or the "Company") (TSX:ETX), an independent solar
power producer, has closed the second and last portion of the previously
announced acquisition of the 33 megawatt ("MW") Montalto solar power plant from
US-based SunPower Corp. ("SunPower") (NASDAQ:SPWRA)(NASDAQ:SPWRB). The total
cash consideration for the 33 MW solar plant was approximately 49 million euros
plus the assumption of the related non-recourse loan facilities. The Montalto
plant is currently the largest operating solar power park in Italy.


Marco Northland, the Company's CEO, commented, "We are delighted to finalize
this transaction. We now have 40 MW of operating assets in Italy and are on
track to reach critical mass. We expect to benefit from economies of scale and
increase the yield for each of these projects by implementing operational
efficiencies. In a short period of time, Etrion has become one of the largest
solar power producers in Italy."


The 33 MW solar power plant is expected to produce over 55 million kilowatt
hours ("kWh") of electricity and approximately 22 million euros of earnings
before interest, taxes, depreciation and amortization ("EBITDA") per year.


The 33 MW acquisition consists of two projects located on the same site in the
Lazio region of Italy near Rome. The first project is 24 MW and was connected to
the grid in November 2009. The second project is approximately 9 MW and was
connected to the grid in August 2010. Both projects are ground-based solar
photovoltaic ("PV") power plants using SunPower's high-efficiency PV modules and
single axis tracker technology.


The 24 MW project benefits from the 2009 feed-in-tariff of 0.353 euros per kWh
plus a market price of approximately 0.08 euros per kWh. The 9 MW project
benefits 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 solar electricity
that is guaranteed by the Italian government for 20 years from the start of
operations.


The 24 MW project has an existing facility agreement with Societe Generale,
Banca Infrastrutture Innovazione e Sviluppo (Intesa Sanpaolo Group) and WestLB
for 107 million euros. Societe Generale's participation in the financing is
partially guaranteed by SACE, the Italian export credit agency. The 9 MW project
has an existing facility agreement with Barclays for up to 40 million euros.


The Company funded the acquisition through a bridge loan from its major
shareholder, Lundin Petroleum.


About the Company

Etrion Corporation builds, owns and operates solar power plants in Italy. 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 40%
by Lundin Petroleum, a Swedish independent oil and gas company traded on the
NASDAQ OMX Stockholm exchange (ticker symbol "LUPE"), and approximately 12% by
the Lundin family through various trusts.


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

The capacity of power plants in this release is described in approximate
megawatts on a direct current (dc) basis unless otherwise noted.


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 Montalto projects, the production capacity thereof and the expected cash
flow therefrom) 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 Montalto projects and an assumption
that the Company will be able to realize EBITDA margins for the Montalto
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 unanticipated costs and expenses.


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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