Tonbridge Power Inc. Announces 2009 Annual Results

Tonbridge Power Inc. (TSX VENTURE:TBZ) ("the Corporation"), today announced
financial results for the year ended December 31, 2009. There was a net loss on
a per share basis of ($0.16). The total loss for the year ended December 31,
2009 was $(4.4M).


"The Corporation has fully funded and contracted transmission capacity for the
MATL Project. Permitting is completed and Phase 1 construction is expected to be
completed shortly. Phase 2 construction is expected to commence late in the
second quarter of 2010. With the closing of the December 2009 equity financing,
we have now actively begun development work on our second project, the Green
Line Project." said Johan van't Hof, President and CEO.


Significant Annual and Recent Highlights

MATL Project Construction Commenced

On October 29, 2009, following the execution of the Construction Loan Facility
described below, the Corporation issued a Notice to Proceed with the
construction of the Montana Alberta Tie Ltd. transmission line project ("MATL
Project"). Phase 1 of the construction (including the detailed design, pole
placement determination, surveying, land work and all other construction
elements) is substantially completed and Phase 2 (including actual pole
insertion and substation work) is scheduled to commence late in the second
quarter of 2010 after land easements are obtained. Construction is currently
scheduled to be completed in the second quarter of 2011.


Construction and Term Financing Arrangements Completed

On October 27, 2009, the Corporation closed a US$161M loan facility with Western
Area Power Administration ("Western"), a power marketing agency of the U.S.
Department of Energy, to fund the construction of the MATL Project. Interest
during construction accrues quarterly at an annual rate of 2% until construction
on the MATL Project is completed at which point it will convert to a 30-year
term financing, bearing interest at an annual rate equal to the 30-year U.S.
Treasury cost of funds.


To April 30, 2010, US$32.7M has been advanced under the Construction Loan Facility.

Equity Financings

On December 17, 2009, the Corporation successfully completed an equity financing
for total gross proceeds of $15,527,300. Previously, on June 4, 2009, the
Corporation completed another equity financing for total gross proceeds of
$5,752,875.


Net cash proceeds from these two equity financings were $18,484,720.

Green Line Project

On November 5, 2009, the Corporation entered into a Cooperation agreement with
Gaelectric North America Inc. ("Gaelectric") to begin an assessment of the
potential for constructing a new power transmission line (the "Green Line").
This line would connect the MATL Project with the 500 kV Colstrip transmission
line at or west of Townsend, Montana. On March 29, 2010, the Corporation entered
into a similar agreement with Invenergy Wind Development LLC ("Invenergy").


As the results of the assessment work have been favourable, the Corporation is
now working with Gaelectric and Invenergy to enter into Development Agreements.
Under such Agreements, Gaelectric, Invenergy and the Corporation will co-fund
the development and will provide for development contributions to be returned to
Gaelectric and Invenergy as transmission credits over a set period of time
against eventual transmission contractual obligations.


Supreme Court Leave to Appeal Denied

The Corporation successfully defended its Alberta Energy and Utilities Board
permits against appeal to the Alberta Court of Appeal and the Supreme Court of
Canada. The appeal was dismissed and leave to appeal was denied, respectively.
In addition, the Corporation secured an extension of its permit from the
National Energy Board to August 31, 2010, and expects to comply with its permit
conditions within that time.


Share Consolidation Completed

In November 2009, the shareholders approved the consolidation of the issued and
outstanding common shares of the Corporation on the basis of one new common
share for every 10 existing common shares. Since November 6, 2009, shares have
been trading on the TSX Venture Exchange on this consolidated basis.


Tonbridge Power Inc. is a Toronto-based developer of electrical transmission
assets, whose principal asset is a 100% interest in Montana Alberta Tie Ltd.
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 section entitled "Risk Factors" in the Company's Annual
Information Form for the year ended December 31, 2005, 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.