Tonbridge Power Inc.

Tonbridge Power Inc.

December 29, 2006 15:45 ET

Tonbridge Power Inc. Grants Incentive and Retention Options to Corporate Management, Directors and MATL Development Team

TORONTO, ONTARIO--(CCNMatthews - Dec. 29, 2006) - Tonbridge Power Inc. (TSX VENTURE:TBZ), 100% controlling shareholder of Montana Alberta Tie Ltd. ("MATL"), announced today the granting of 1,645,000 options to directors, officers and employees of MATL and TBZ.

The board of directors of TBZ have approved the grant of a total of 1,645,000 options. 1,045,000 of these are granted to the MATL development team as an incentive and retention initiative while the project completes the combined processes of regulatory approval and construction.

The board of directors of TBZ have also approved the grant of 50,000 options each to the directors,(450,000 in total), and 50,000 to each of the officers of TBZ, (a further 150,000).

The strike price of all options being issued is $0.33 based on the closing price of TBZ shares on December 28, 2006. Options will vest on March 31, 2007. This grant is in line with the Corporation's TSX-approved stock option plan as filed with the exchange and available on SEDAR.

Tonbridge Power Inc. is a Toronto-based investor in power projects, whose principal asset is its 100% interest in Montana Alberta Tie Ltd. MATL is a project designed to interconnect the electricity markets of Alberta and the US through a 337 kilometre, 300 MW, 230kV AC transmission line between Lethbridge, Alberta and Great Falls, Montana.

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

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