Tonbridge Power Inc.

Tonbridge Power Inc.

October 29, 2009 17:59 ET

Tonbridge Power Receives Western Funding and Issues Notice to Proceed on MATL Construction

TORONTO, ONTARIO--(Marketwire - Oct. 29, 2009) - Tonbridge Power Inc. (TSX VENTURE:TBZ) ("Tonbridge Power" or the "Company"), 100% controlling shareholder of Montana Alberta Tie Ltd. ("MATL"), is pleased to announce MATL has received its first draw of construction financing for the MATL transmission line project and has issued a formal notice to proceed to construction to its main contractor, Rocky Mountain Contractors,("RMC").

In accordance with the draw schedule agreed to in the previously announced US$161 million construction and term financing with Western Area Power Administration ("Western").MATL today received funds that will be used to initiate the project construction. Over the next 15 to 18 months RMC will be building the 345 kilometer power line stretching from Lethbridge, Alberta to Great Falls, Montana which is expected to be in operation in early 2011.

Tonbridge Power Inc., is a Toronto-based developer of electrical transmission assets, whose principal asset is a 100% interest in Montana Alberta Tie Ltd. Shares of the Company are traded on the TSX Venture Exchange under the symbol "TBZ."

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