Tonbridge Power Inc. Provides Quarterly Financial Results

TORONTO, ONTARIO, Sep 2, 2008 (Marketwire via COMTEX) -- Tonbridge Power Inc. (TBZ) ("the Company"), 100% controlling shareholder of the Montana Alberta Tie Ltd. transmission line project to interconnect the electricity markets of Alberta and the US through a 300 MW transmission line, today announced financial results for the three month period from April 1, 2008 to June 30, 2008. Net loss for the quarter was ($0.012) per share. The Company's complete financial statements, management discussion and analysis and annual information form can be viewed on SEDAR at www.Sedar.com or on the Company's website at www.tonbridgepower.com.

Highlights:

- The Alberta Energy Utilities Board ("AEUB") issued a Permit to Construct and License to operate a transmission line to Montana Alberta Tie Ltd. on August 12, 2008, notwithstanding and subsequent to a leave to appeal granted on July 3, 2008.

- A final Environmental Impact Statement is expected to be issued and filed in the US Federal Register imminently. A statutory period of 30 days must follow before the Presidential Permit can be issued, while the Montana Major Facilities Siting Act permit can be issued shortly after issuance of the Environmental Impact Statement.

- Design and construction bids for construction of the Tonbridge Power Line are being finalized.

- Conclusive landowner settlements and negotiations have commenced.

- The National Energy Board permit has been renewed allowing construction to commence by March 31, 2009.

- A net loss of ($2,891,518) was incurred for the quarter ended June 30, 2008 and a net loss of ($6,772,789) was incurred for the six months ended June 30, 2008.

"Now that we have received the permit from the AEUB to allow us to build and operate in Alberta and we are expecting finalization of the U.S. regulatory processes, we are now focused on completing construction financing and landowner settlements, and starting pre-construction activities." said Johan van't Hof, President and CEO.

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 Company became publicly listed on the TSX Venture Exchange on July 7, 2005 and are traded under the symbol "TBZ".

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