Tonbridge Power Inc.
TSX VENTURE : TBZ

Tonbridge Power Inc.

July 17, 2007 16:05 ET

Tonbridge Power Inc. Announces Intent to Issue Common Shares for Director Compensation

TORONTO, ONTARIO--(Marketwire - July 17, 2007) - 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, announces that it will issue common shares, (subject to TSX-V regulatory approval), to 8 Directors and 1 Advisor to the Board ("Directors") of Tonbridge as payment for Director's fees earned to June 30, 2007. This arrangement was approved by shareholders at the Company's Annual General Meeting on June 27, 2007.

Directors earn an annual stipend as well as meeting fees. The amount of common shares issued is calculated based upon the 10 day closing average trading value on the day of public announcement. As of June 30, 2007 the total of Director's fees earned during the first six months of 2007 for all directors totals $104,000. Tonbridge intends to be issue 380,952 shares, calculated at $0.273 per share in order to extinguish this debt.

On February 23, 2007, Tonbridge announced intent to issue 308,917 shares as compensation to the directors for fees earned between July 2006 and December 2006. Upon regulatory approval, Tonbridge will issue shares for both the 2006 and 2007 director compensation periods as outlined above.

Tonbridge Power Inc. is a Toronto-based investor in power projects, whose principle asset is a controlling interest in Montana Alberta Tie Ltd. Shares of Tonbridge became publicly listed on the TSX Venture Exchange on July 7, 2005 and are traded under the symbol "TBZ".

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

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