Tonbridge Announces Completion of $15.5 Million Prospectus Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED
STATES


Tonbridge Power Inc. (TSX VENTURE:TBZ) ("Tonbridge" or the "Company") is pleased
to announce the successful completion of its previously announced short form
prospectus offering (the "Offering") at a price of $2.15 per unit (each whole
unit, a "Unit"). The Offering was conducted by a syndicate of agents led by
Clarus Securities Inc. and including Macquarie Capital Markets Canada Ltd. and
Dundee Securities Corporation (collectively, the "Agents"). 


In connection with the completion of the Offering, the Agents exercised their
over-allotment option to increase the number of Units issued in the Offering by
15%. As a result, a total of 7,222,000 Units were issued in the Offering for
aggregate gross proceeds of $15,527,300. Each Unit consists of one common share
of Tonbridge (a "Common Share") and one-half of one Common Share purchase
warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder
thereof to purchase one Common Share at any time within 18 months after December
17, 2009 at a price of $2.60 per Common Share.


Tonbridge intends to use the net proceeds of the Offering for working capital
and general corporate expenses, including preliminary evaluation and advancing
of a new transmission line in Southern Montana (known as the "Green Line
Project") and other potential power transmission projects in accordance with its
stated business objective of establishing, developing, owning and operating
power transmission projects and providing transmission line service to
electricity shippers in North America.


This news release does not constitute an offer to sell securities, nor is it a
solicitation of an offer to buy securities, in any jurisdiction. All sales will
be made through registered dealers in jurisdictions where the offering has been
qualified for distribution. The common shares offered have not been and will not
be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and applicable state securities laws.


The Company is the 100% controlling shareholder of Montana Alberta Tie Ltd.
("MATL"), which is developing a 300 MW, 230kV transmission line to interconnect
the electricity markets of Alberta and the US. Tonbridge is listed on the TSX
Venture Exchange and trades under the symbol "TBZ".


Forward Looking Information

This news release contains "forward-looking information", within the meaning of
applicable Canadian securities legislation, concerning the Offering, the
prospective Green Line Project and other power transmission projects and matters
related thereto. Forward-looking information includes, but is not limited to,
details on the closing of the Offering, management's assessment of the Company's
future plans and information with respect to the evaluation and advancing of the
Green Line Project and the development of new transmission power lines.
Generally, this forward-looking information can be identified by the use of
forward-looking terminology such as "proposed", "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "should", "would", "might" or "will be taken", "occur" or "be
achieved".

Forward looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the
forward-looking information. Many of these assumptions are based on factors and
events that are not within the control of the Company and there is no assurance
they will prove to be correct. Factors that could cause actual results to vary
materially from results anticipated by such forward-looking information include,
but are not limited to: risks related to the outcome of the feasibility work on
the Green Line Project, the ability of the parties to the Green Line Project to
enter into a development agreement if the feasibility phase is successful, risks
related to ability to develop, finance and construct transmission lines, delays
in obtaining governmental approvals, permits or project financing, requirements
for additional capital, government regulation, environmental risks, general
economic conditions, industry conditions, as well as other factors discussed in
the section entitled "Risk Factors" in the Company's Annual Information Form for
the year ended December 31, 2008, its management's discussion & analysis for the
period ended September 30, 2009, and its final prospectus dated December 11,
2009, all available on www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. 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
information. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update any
forward-looking information that is included herein, except in accordance with
applicable securities laws. 


A final prospectus containing important information relating to the Units being
issued under the Offering has been filed with securities commissions or similar
authorities in certain jurisdictions of Canada. Copies of the final prospectus
may be obtained electronically at www.sedar.com.