OPEL International Inc.
TSX VENTURE : OPL

OPEL International Inc.

October 01, 2007 13:46 ET

OPEL Grants Options Under New Stock Option Plan

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

OPEL International Inc. (the "Company") (TSX VENTURE:OPL) reports that on September 21st, 2007, the Directors of the Company approved a new 20% vesting stock option plan (the "New Plan") to replace the rolling 10% stock option plan (the "Old Plan") which had been in effect since May 4th, 2005. The New Plan is subject to approval of the TSX Venture Exchange ("TSXV") and the disinterested Shareholders of the Company at the next Annual General Meeting.

Under the Old Plan, the Company could from time to time grant options with no vesting provisions up to a limit of 10% of the issued and outstanding shares at the time of grant. Under the New Plan, the Company is required to reserve a number of shares (the "Number") eligible for granting under the New Plan, and has therefore reserved 18,200,000 shares, which Number needs to be approved by shareholders and cannot exceed 20% of the issued and outstanding shares at the time of shareholders approval. The Shareholders approval will also be required to increase the Number in the future.

On September 21st, 2007, the Directors granted under the New Plan, subject to approval of the TSXV, an aggregate of 4,970,000 options to the Company's Directors, Officers, employees and consultants at an exercise price of CA$0.95 per share expiring on September 21st, 2012. Of these options, an aggregate of 3,100,000 were for the benefit of Directors. If the New Plan is not approved by either the TSXV or the disinterested shareholders of the Company, the number of options will be reduced to comply will the old Plan.

About OPEL

Opel designs, manufactures and markets high performance concentrating photovoltaic products to transform solar energy into electricity for worldwide application. Opel's high performance photovoltaic concentrating products generate up to 40% more kilowatt-hours than conventional fixed silicon solar panels, resulting in more cost effective electricity generated from the sun. Opel also expects to operate on premise generating facilities that provide customers with solar generated electricity at competive prices without the need of capital investments on the customers' part.

Significant customer activity has been generated in the US, Canada and Europe for Opel's concentrating products. Several different products have been developed in order to maximize the solar power output for customers depending on their location. Some of this design activity has been done in conjunction with the Canadian Photonics facility in Ottawa, which is part of, and on the campus of the Canadian National Research Centre.

Through the use of solar concentrating systems, the operating efficiency of the solar cell is increased while the cost per output watt of electricity is significantly reduced, particularly when compared to present fixed flat plate solar panel technology in silicon.

Opel is continuing its development at it's research facility located at the University of Connecticut (UCONN) of gallium arsenide based processes and semi-conductor microchip products having several potential major market applications with initial applications in infrared sensor arrays for security monitoring and imaging as well as applications with the unique combination of optical (lasers) and electronic control circuits on the same microchip for telecommunication applications such as Fiber To The Home ("FTTH"). Opel's Planar Opto-Electronic Technology ("POET") process development continues for these and other applications and is the subject of some 40 patents filed, of which 18 have been granted to date.

For more information on OPEL please visit the OPEL website at www.opelinc.com.

Dated: October 1st, 2007

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

Investors are cautioned that except for statements of historical facts, certain statements contained in this news release may include forward-looking information with respect to the Company. Such forward-looking statements or information are based on current expectations, estimates and projections formulated using assumptions currently believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. The Company does not 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 news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to any U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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