J5 ACQUISITION CORP. ANNOUNCES TERMINATION OF PROPOSED QUALIFYING TRANSACTION

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./

TSX VENTURE EXCHANGE: JV.P 

TORONTO, Dec. 16 /CNW/ - Further to the press releases dated May 17, 2010 and August 11, 2010, J5 Acquisition Corp. ("J5") announces that Riverbank Power Corporation ("Riverbank") has completed another transaction and as a result, J5's proposed qualifying transaction with Riverbank has been terminated. In connection with terminating the proposed qualifying transaction, Riverbank has agreed to pay a break fee together with re-imbursement of expenses to J5 in the aggregate amount of $200,000.

J5 did not advance any funds to Riverbank in connection with the proposed qualifying transaction with Riverbank.

J5 will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction and will make further announcements with respect to these efforts as soon as practically possible. J5 cannot offer any assurances that a qualifying transaction will be completed.

The common shares of J5 are expected to resume trading on Monday December 20, 2010.

Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.

Notice on forward-looking statements:

This release includes forward-looking statements regarding J5, Riverbank and their respective businesses. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual operating results could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the alternative energy industry, environmental risks, and risks associated with growth and competition. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and J5 undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

J5 is a CPC governed by the policies of the TSX Venture Exchange. J5's principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

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

For further information:

For further information, please contact Jordan Kupinsky, Director of J5 at 416-972-6574