Tonbridge Power Inc.
TSX VENTURE : TBZ

Tonbridge Power Inc.

September 12, 2008 17:46 ET

Tonbridge Power Inc. Grants Incentive and Retention Options to New Members of Its Development Team

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2008) - Tonbridge Power Inc. (TSX VENTURE:TBZ), 100% controlling shareholder of Montana Alberta Tie Ltd. ("MATL"), a company developing a transmission line project to interconnect the electricity markets of Alberta and the United States through a 300 MW transmission line between Lethbridge, Alberta and Great Falls, Montana (the "MATL Project"), announced today the granting of total of 190,000 options to four new members of it's development team. A total of 525,000 of employee options to the project development team have expired this year and with the current issuance of options, a total of 326,000 options will have been issued to the project development team in 2008 with a neutral effect on the capital structure of the company.

The strike price of the options being issued is $0.28 based on the 10 day closing average trading value on September 11, 2008. These options will vest fully by March 12, 2009 and will expire on September 10, 2013.

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.

Should you wish to receive news on Tonbridge Power Inc. via email, please email info@tonbridgepower.com and specify "company news".

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

Contact Information