Etrion Explores Dual Listing in Europe

January 19, 2010, Toronto, Ontario – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX), a Canadian energy company, announced today that it is exploring a dual listing of its common shares on the NASDAQ OMX exchange in Stockholm, Sweden. Marco Northland, the Company’s CEO, said, “Our goal is to access additional investors looking for exposure to the downstream renewable power generation sector. A dual listing on the NASDAQ OMX exchange would allow more European investors to participate in Etrion’s growth, potentially increasing the liquidity of our shares. The Swedish market in particular has shown a strong interest in renewable investments, and several Lundin Group companies have been well received in Stockholm.” After evaluating several firms, Etrion has engaged Carnegie, a top tier Swedish investment bank, to advise the Company on the dual listing process. About the Company Etrion Corporation is a Canadian energy company based in Geneva, Switzerland and listed on the Toronto Stock Exchange (ticker symbol “ETX”). The Company is focused on building, owning and operating global electrical power plants based on renewable sources of energy, including solar photovoltaic, solar thermal and wind. Etrion continues to own oil and gas investments in Venezuela acquired by its predecessor, PetroFalcon Corporation. The Company is owned 45% by Lundin Petroleum, a Swedish independent oil and gas company traded on the NASDAQ OMX Nordic exchange (ticker symbol “LUPE”), and approximately 13% by the Lundin family through various trusts.

Taggar: