Zidane Capital Corp.: Grid Essence Holdings Ltd. Signs a EUR35 Million Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR
IN PART, IN OR INTO THE UNITED STATES. 


Zidane Capital Corp. (TSX VENTURE:ZZE.P) ("Zidane") is pleased to announce that
Grid Essence Holdings Ltd. ("Grid Essence") has mandated Deutsche Bank AG to
arrange an up to EUR35 million financing facility to build solar projects (the
"Facility"). 


Further to its press release dated January 17, 2013, Zidane entered into a share
exchange agreement (the "Definitive Agreement") with Grid Essence in respect of
its previously announced qualifying transaction. Pursuant to the terms of the
Definitive Agreement, upon completion, the qualifying transaction will result in
a reverse take-over of Zidane by the shareholders of Grid Essence (the
"Transaction"). The Transaction is subject to requisite shareholder and
regulatory approval, including the approval of the TSX Venture Exchange (the
"TSXV") and standard closing conditions. Reference is made to Zidane's press
releases dated September 26 and November 27, 2012 and January 17, 2013 for
additional details relating to Zidane, Grid Essence and the Transaction. 


Upon closing, the Facility will be utilized by Grid Essence to acquire and build
up to an aggregate of 32 MW of fully permitted solar projects in the region of
Southern France (the "Projects"). Construction of the Projects is anticipated to
start in April 2013, with completion and connection to the power grid to be
completed in July, 2013. The Facility is available to Grid Essence until
September, 2013 at which time the Facility will be replaced by a long term
project finance loan. The Projects consist of three (3) different projects
totaling 32 MW. 


Steve Bourbonnais, the Chief Executive Officer of Grid Essence, commented that
"The Facility provides Grid Essence with the flexibility necessary to build the
Projects and their completion by the summer of 2013 will be a key milestone in
the development of Grid Essence's business plan." 


About Grid Essence 

Grid Essence (www.gridessence.com) was established to become a global
independent power producer producing energy from 100% renewable energy sources
("RES"). Grid Essence's mission is to own and operate at least one gigawatt of
renewable energy producing plants within the next 5 years, initially focusing on
solar generation. Grid Essence wishes to build a solid platform as a RES power
producer to take advantage of the upside offered by evolving renewable energy
technologies such as energy storage. 


Grid Essence currently has 51 megawatts ("MW") of photovoltaic ("PV") projects
under contract and has developed an impressive pipeline of solar projects. To
secure the execution of its projects, Grid Essence has entered into a framework
agreement with Wurth Solar (www.wurth-solar.com) to develop up to 150 MW of
solar projects and with Talesun Solar (www.talesun.com) to develop up to 100 MW
of solar projects. 


Further Information 

All information contained in this news release with respect to Zidane and Grid
Essence was supplied by the parties respectively, for inclusion herein, and each
party and its directors and officers have relied on the other party for any
information concerning the other party. 


Completion of the transaction is subject to a number of conditions, including
but not limited to, TSXV acceptance and, if applicable, pursuant to the
requirements of the TSXV, majority of the minority shareholder approval. Where
applicable, the transaction cannot close until the required shareholder approval
is obtained. There can be no assurance that the transaction will be completed as
proposed or at all.  


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.  


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release. 


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to: the terms and conditions of the proposed
Transaction; future exploration and testing; use of funds; and the business and
operations of the Resulting Issuer after the proposed transaction.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not limited to:
general business, economic, competitive, political and social uncertainties;
delay or failure to receive board, shareholder or regulatory approvals; and the
results of current exploration and testing. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Zidane
and Grid Essence disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zidane Capital Corp.
Casper Bych
Chief Executive Officer
604.417.6375
604.628.9875 (FAX)
[e-mail]


Grid Essence Holdings Ltd.
Charles Savva
Director
+357.22.516.671
+357.22.516.672 (FAX)
[e-mail]
www.gridessence.com