OPTI Canada Announces Noteholder Approval of Master Plan

OPTI Canada Inc. (TSX VENTURE:OPC) ("OPTI" or the "Company") announces that the
Company's Master Plan was approved by a majority of holders of the Company's
second lien notes, present in person or by proxy, collectively holding 99.97% of
the principal amount of the notes that were voted at the Noteholders' Meeting
held earlier today. 


This afternoon, OPTI intends to apply to the Court of Queen's Bench of Alberta
to obtain an order (the "Sanction Order") to approve the Master Plan pursuant to
the Companies' Creditors Arrangement Act and the Canada Business Corporations
Act. The Company intends to provide an update on the Sanction Order later today.



More information about OPTI's Court proceedings, including the Sanction Order
and the Master Plan, can be found on the Company's website at www.opticanada.com
or on the website of the monitor, Ernst & Young Inc., at www.ey.com/ca/opti.


Company Information

Readers should refer to OPTI's current Annual Information Form, filed on SEDAR
and EDGAR and available at www.sedar.com and http://edgar.sec.gov, as well as
the Company's information circular in connection with the Master Plan filed on
SEDAR, for a detailed discussion of these assumptions, risks and uncertainties.
The forward-looking statements or information contained in this document are
made as of the date hereof and OPTI undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by applicable
laws or regulatory policies. Additional information relating to our Company can
be found at www.sedar.com.