Tonbridge Power Announces work stoppage on MATL Project and new ruling from Montana Supreme Court

TORONTO, June 8, 2011 /CNW/ -- 
TSX Venture Exchange
Symbol: TBZ


TORONTO, June 8, 2011 /CNW/ - Tonbridge Power Inc. (TSXV-TBZ) announced
 today that construction activities on the MATL project have been halted
 pending resolution of a dispute with its EPC contractor. The company is
 working toward a resumption of construction as quickly as possible with
 a view to meeting the company's goal of delivering an operating
 transmission line by late 2011.


The company is pleased to also announce that the Montana Supreme Court
 yesterday reversed the December 12, 2010 District Court decision which
 had denied MATL a possession order in an action against landowner Larry
 Salois. The lower court decision was reversed on the basis that House
 Bill 198 is now law and provides MATL with eminent domain authority to
 acquire easements for the line when negotiations do not succeed. The
 Supreme Court found that the earlier ruling was in conflict with
 current law and that House Bill 198 applied retroactively to MATL. The
 Supreme Court remanded the Salois case to the District Court,
 effectively returning the proceedings to the point at which MATL had
 asked for a possession order. The Supreme Court ruling clears up some
 uncertainty regarding the remaining land acquisition options for MATL,
 and the company looks forward to concluding negotiations with Mr.
 Salois and all other landowners on the route of the line.


Tonbridge Power Inc. is a Toronto-based developer of electrical transmission assets, whose
 principal asset is a 100% interest in Montana Alberta Tie Ltd.
 ("MATL"). Shares of the Corporation are traded on the TSX Venture
 Exchange under the symbol "TBZ". The Corporation's financial statements
 and other filings can be found on SEDAR.


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Cautionary Note Regarding Forward-Looking Statements


This news release contains "forward-looking statements", within the
 meaning of applicable Canadian securities legislation, concerning the
 business, operations and financial performance and condition of the
 Company. Forward-looking statements include, but are not limited to,
 statements with respect to future revenues. Generally, these
 forward-looking statements can be identified by the use of
 forward-looking terminology such as "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
 statements are subject to known and unknown risks, uncertainties and
 other factors that may cause the actual results, level of activity,
 performance or achievements of the Company to be materially different
 from those expressed or implied by such forward-looking statements,
 including but not limited to: the conditionality of the revenue
 contracts, risks related to the financing or construction of the
 transmission line; risks related to the performance of parties
 contracting for transmission capacity; delays in obtaining governmental
 approvals, permits or project financing or in the completion of
 development or construction activities, requirements for additional capital, government regulation,
 environmental risks as well as those factors discussed in the Company's
 MD&A for the year ended December 31, 2010 and Annual Information Form
 for the year ended December 31, 2009, 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 statements, 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 statements. Accordingly, readers should not place
 undue reliance on forward-looking statements. The Company does not
 undertake to update any forward-looking statements that are
 incorporated by reference herein, except in accordance with applicable
 securities laws.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy ol this release.


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p bRobert McFarlane, Chief Business Officer/bbr/ [phone] email: a href="mailto:[e-mail]"[e-mail]/u/a /p p bBrisco Capital Partners Corp/bbr/ Graeme A. Dick, Partnerbr/ [phone] email: a href="mailto:[e-mail]"[e-mail]/u/a /p p Please Visit the Company's Website at: a href="http://www.tonbridgepower.com"uwww.tonbridgepower.com/u/a /p 

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