Tonbridge Power Inc.
TSX VENTURE : TBZ

Tonbridge Power Inc.

June 25, 2009 18:45 ET

Tonbridge Power Shareholders Approve All Matters at Annual General Meeting; Options Granted Pursuant to Stock Option Plan

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Tonbridge Power Inc. (TSX VENTURE:TBZ), ("Tonbridge Power" or the "Company"), 100% controlling shareholder of the Montana Alberta Tie Ltd. ("MATL") transmission line project to interconnect the electricity markets of Alberta and the US through a 300 MW transmission line, held its annual and special meeting of shareholders today. Tonbridge Power is pleased to announce that the shareholders of the Company approved resolutions in respect of the following matters:

- The re-election of Messrs. Johan van't Hof, Robert van Beers, John Etchart, David Matheson, Jeffry Myers and John Wiebe, and the election of Walter Pollock, as directors of the Company for the forthcoming year;

- The reappointment of Grant Thornton LLP, Chartered Accountants, as auditors of the Company (including authorizing the Directors to fix the auditors' remuneration);

- The approval of the amended stock option plan (as presented in the Management Information Circular);

- The approval of the advisory services agreement (as presented in the Management Information Circular);

- The reconfirmation of the current directors compensation arrangement (as presented in the Management Information Circular);

- The confirmation of the proposed directors compensation arrangement (as presented in the Management Information Circular); and

- The approval of the shareholders' rights plan (as Management Information Circular).

In addition the Company announced today the granting of 9,935,000 incentive and retention options.

A total of 200,000 options are being issued to Brisco Capital Partners Corporation, Consultants in Investor Relations to the Corporation since 2005. In addition, 2,250,000 options to directors, 5,600,000 options to management and 1,885,000 to employees are being issued.

The strike price of the options being issued is $0.21 based on the closing trading value on June 24, 2009. Options will vest fully by June 25, 2010 and will expire on June 25, 2019.

The management of Tonbridge Power would like to thank all of the shareholders of the Company who took the time to attend, or vote by proxy at the meeting. All materials and a webcast associated with our annual meeting will be available on our website www.tonbridgepower.com.

Tonbridge Power Inc. is a Toronto-based developer of electrical transmission assets, whose principle 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".

Should you wish to receive company notices via email please notify us at info@tonbridgepower.com.

For Further information: Tonbridge Power Inc., www.tonbridgepower.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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