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

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.

Should you wish to receive news via email, please email info@tonbridgepower.com and specify "company news".

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.

SOURCE Tonbridge Power Inc.

For further information:

Robert McFarlane, Chief Business Officer
(416) 850-2150 email: rmcfarlane@tonbridgepower.com

Brisco Capital Partners Corp
Graeme A. Dick, Partner
(403) 561-8989 email: graeme@briscocapital.com

Please Visit the Company's Website at: www.tonbridgepower.com

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Tonbridge Power Inc.

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