OPEL Solar International Inc.
TSX VENTURE : OPL

OPEL Solar International Inc.

March 10, 2011 14:28 ET

OPEL Solar Confirms No New Material Information

SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - March 10, 2011) - OPEL Solar International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company") announced today at the request of the IIROC Market Surveillance a general statement with respect to the large increase in volume of shares traded this past week. The Company previously announced being in receipt of a third party valuation of intellectual property developed by its U.S. affiliate, ODIS Inc. Since that announcement, the Company is aware that OPEL share trading has been robust. The Company would like to officially state that since the ODIS valuation press release of March 2, 2011, there has been no new material information regarding ODIS Inc. and the POET Technology. In addition to the press release on ODIS Inc., OPEL hosted a public conference call held on Friday, March 4, 2011 to discuss the valuation, strategic alternatives and the POET technology. A replay of the call is available on the OPEL website in the Investor Relations section. OPEL will update the public when there is new information to report under full disclosure requirements.

It is important to note that a third party valuation is not an indication of interest by any party, nor does it represent an actual offer to purchase the POET intellectual property. As indicated in the report, the POET Technology is still under development, and no assurances can be given that such development will be successfully completed, that the technology will be brought to commercial realization or that the Company's target markets will adopt this technology. Commercial applications of the technology will likely not be available for several years, if ever.

About OPEL Solar International Inc., OPEL, Inc. and ODIS Inc.

With operations headquartered in Shelton, CT and the head office in Toronto, Ontario, Canada, the Company, through OPEL, Inc., designs, manufactures and markets high performance concentrating photovoltaic ("HCPV") panels to transform solar energy into electricity for worldwide application. OPEL's high performance photovoltaic concentrating panels generate up to 40% more kilowatt-hours than conventional flat plate silicon solar panels, resulting in more cost effective electricity generated from the sun. OPEL also markets a complete line of dual and single axis solar trackers to mount either HCPV or flat solar panels for the optimum power output. The Company, through ODIS Inc., a U.S. company, designs infrared sensor type products for military, consumer, industrial and commercial applications. ODIS continues to develop gallium arsenide-based processes and semiconductor microchip products having several potential major market applications: infrared sensor arrays for Homeland Security monitoring and imaging along with the unique combination of optical lasers, and electronic control circuits on the same microchip for potential applications in various military programs and potentially telecom for, Fiber to The Home.

A leader in gallium arsenide and solar concentrating photovoltaic technology, the Company has been awarded 35 patents and has 12 more patents pending, including those related to POET. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.

Dated: March 10, 2011

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

Neither TSX Venture Exchange nor its Regulation Services 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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