NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR
IN PART, IN OR INTO THE UNITED STATES. 


Zidane Capital Corp. (TSX VENTURE:ZZE.P) ("Zidane") is pleased to announce that
it has signed a letter of intent (the "LOI") with Grid Essence Holdings Inc., a
corporation existing under the laws of Cyprus ("Grid Essence"), which outlines
the general terms and conditions pursuant to which Zidane and Grid Essence would
be willing to complete a transaction that will result in a reverse take-over of
Zidane by the shareholders of Grid Essence (the "Transaction"). The LOI was
negotiated at arm's length and is effective as of September 24, 2012.


The LOI is to be superseded by a definitive merger, amalgamation or share
exchange agreement (the "Definitive Agreement") to be signed on or before
October 31, 2012 (or such other date as may be mutually agreed in writing
between Zidane and Grid Essence). The Transaction is subject to requisite
regulatory approval, including the approval of the TSX Venture Exchange (the
"TSXV") and standard closing conditions, including the approval of the directors
of each of Zidane and Grid Essence of the Definitive Agreement and completion of
due diligence investigations to the satisfaction of each of Zidane and Grid
Essence, as well as the conditions described below. The legal structure for the
Transaction will be confirmed after the parties have considered all applicable
tax, securities law and accounting efficiencies, however, it is currently
contemplated that the transaction will be structured as an amalgamation. 


Zidane is incorporated under the provisions of the Business Corporations Act
(British Columbia) with its registered and head office in Vancouver, British
Columbia. It is a capital pool company and intends for the Transaction to
constitute its "Qualifying Transaction" as such term is defined in the policies
of the TSXV. Zidane is a "reporting issuer" in the provinces of British Columbia
and Alberta. 


Since the Transaction is not a non-arm's length transaction, Zidane is not
required to obtain shareholder approval for the Transaction. Trading in the
common shares of Zidane is halted at present. It is unlikely that the common
shares of Zidane will resume trading until the Transaction is completed and
approved by the TSXV.


Conditions to Transaction

Prior to completion of the Transaction (and as conditions of closing): 



--  Grid Essence intends to complete a financing (the "Debenture Offering")
    for minimum gross proceeds of not less than Cdn.$20,000,000 through the
    issuance of debentures (the "Debentures"). The Debentures will be
    convertible into units of Grid Essence, at a price to 80% of the
    Transaction price immediately prior to the closing of the Transaction
    and exchanged into corresponding securities of Zidane in accordance with
    the Exchange Ratio (as defined herein). Each unit shall consist of one
    common share (a "Grid Essence Share") and one-half of one share purchase
    warrant (a "Grid Essence Warrant"). Each whole Grid Essence Warrant will
    entitle the holder thereof to acquire one Grid Essence Share at an
    exercise price to be determined in the context of the market for a
    period of twenty four months from date of issuance. 
    
--  Grid Essence completing a financing (the "Offering") for minimum gross
    proceeds of not less than Cdn.$30,000,000 at an issue price to be
    determined in the context of the market. Each unit shall consist of one
    Grid Essence Share and one-half of one Grid Essence Warrant. Each whole
    Grid Essence Warrant will entitle the holder thereof to acquire one Grid
    Essence Share at an exercise price to be determined in the context of
    the market for a period of twenty four months from date of issuance. It
    is expected that the Offering will close immediately prior to the
    closing of the Transaction and exchanged into corresponding securities
    of Zidane in accordance with the Exchange Ratio (as defined herein). 
    
--  Zidane shall consolidate (the "Zidane Consolidation") its existing
    common shares (each an "Existing Zidane Share") at a ratio of one new
    common share of Zidane (each a "Zidane Share") for every three Existing
    Zidane Share. 
    
--  The parties will prepare a filing statement in accordance with the rules
    of the TSXV, outlining the terms of the Transaction.  
    
--  Grid Essence and Zidane will enter into a Definitive Agreement in
    respect to the Transaction on or before October 31, 2012. 
    
--  Grid Essence will obtain the requisite shareholder approvals for the
    Transaction and any ancillary matters contemplated in the Definitive
    Agreement. 
    
--  All requisite regulatory approvals relating to the Transaction,
    including, without limitation, TSXV approval, will have been obtained. 



The Proposed Transaction

Pre-Closing Capitalization of Zidane

As of the date hereof, Zidane has 3,139,052 Existing Zidane Shares outstanding
and securities exercisable or exchangeable for, or convertible into, or other
rights to acquire, an aggregate of 367,448 Existing Zidane Shares at an exercise
price of Cdn.$0.20 per Existing Zidane Share. Upon completion of the Zidane
Consolidation, Zidane will have 1,046,351 Zidane Shares outstanding and
securities exercisable or exchangeable for, or convertible into, or other rights
to acquire, an aggregate of 122,483 Zidane Shares at an exercise price of $0.60
per Zidane Share.


Pre-Closing Capitalization of Grid Essence 

As of the date hereof, Grid Essence has 25,000,000 Grid Essence Shares issued
and outstanding.


Terms of the Transaction

Zidane proposes to acquire all of the Grid Essence Shares pursuant to the terms
of a Definitive Agreement. It is expected that the shareholders of Grid Essence
will receive an aggregate of 83,333,333 Zidane Shares (on a post-consolidation
basis) in exchange for all of the issued and outstanding Grid Essence Shares.
The subscribers to the Debenture Offering and Offering will receive one Zidane
Share (on a post-consolidation basis) for each Grid Essence Share held (the
"Exchange Ratio") resulting in the Zidane Shareholders holding approximately 1%
of the common shares of the combined entity (the "Resulting Issuer") and the
former Grid Essence Shareholders holding approximately 99% of the common shares
of the Resulting Issuer upon completion of the Transaction (immediately prior to
giving effect to the Debenture Offering and Offering). In addition, all
securities exercisable or exchangeable for, or convertible into, Grid Essence
Shares will be exercisable into Zidane Shares on the same terms and conditions
as the currently outstanding Grid Essence securities.


Zidane has agreed to pay a commission ("Commission") to Hampton Securities Ltd.
of $200,000. The Commission will be satisfied through the issuance of units at a
price equal to the Offering price and shall be identical to the units issued
pursuant to the Offering.


About Grid Essence 

Grid Essence is a Cyprus company incorporated in 2012. Grid Essence was
established to become a global independent power producer producing energy from
100% renewable energy sources ("RES"). Grid Essence's mission is to own and
operate at least 1gigawatt of renewable energy producing plants over the next 5
years, initially focusing on solar generation. Grid Essence wishes to build a
solid platform as a RES power producer to take advantage of the upside offered
by evolving renewable energy technologies such as energy storage.


Grid Essence currently has the following photovoltaics ("PV") projects under
contract totalling an aggregate of 51 megawatts ("MW"): 




--  A 22.5 MW portfolio of solar parks in Germany from one seller: 
    
    --  6.29 MW solar park located in Mecklenburg, Germany 
        Estimated total yearly production of renewable energy: 6,183,000 kWh
        Has been in operation since December, 2011 
        
        
    --  6.8 MW solar park located in Mecklenburg, Germany 
        Estimated total yearly production of renewable energy: 6,808,000 kWh
        Has been in operation since August, 2011 
        
        
    --  6.4 MW solar park located in Sachsen-Anhalt, Germany
        Estimated total yearly production of renewable energy: 6,387,000 kWh
        Has been in operation since December, 2011 
        
        
    --  2.97 MW solar park located in Brandenburg, Germany
        Estimated total yearly production of renewable energy: 2,924,000 kWh
        Has been in operation since December, 2011 
        
        
--  8.5 MW solar park located in Hergenroth, Germany 
    Estimated total yearly production of renewable energy: 8,335,000 kWh 
    Fully built 
    
    
--  8 MW solar park located in Selves, France 
    Estimated total yearly production of renewable energy: 11,600,000 kWh 
    Currently under construction and is expected to commence operations in
    December 2012 
    
    
--  12 MW solar park located in Beaumont, France 
    Estimated total yearly production of renewable energy: 17,400,000 kWh 
    Currently under construction and is expected to commence operations in
    December 2012 



Grid Essence has developed an impressive pipeline of solar projects to meet
their targets for 2013 and 2014. To secure the execution of its projects, Grid
Essence has entered into a framework agreement with Wurth Solar
(www.wurth-solar.com) to develop up to 150 MW of solar projects worldwide and
with Talesun Solar (www.talesun.com) to develop up to 100 MW of solar projects.


The controlling shareholders of Grid Essence are Josef Barr and Steve
Bourbonnais, who in the aggregate, together with their associates, own or
control approximately 100% of the issued and outstanding securities of Grid
Essence.


Upon completion of the Transaction, it is the intention of the parties that the
Resulting Issuer will be renamed "Grid Essence Corporation".


Financial Information Concerning Grid Essence 

For the period from incorporation to August 31, 2012, Grid Essence had current
assets of EUR250,000 and long term liabilities of EUR250,000.


Insiders, Officers and Board of Directors of the Resulting Issuer

Upon completion of the Transaction, it is anticipated that the board of
directors of the Resulting Issuer shall be comprised of Josef Barr, Steve
Bourbonnais, Nicolaus Diedrich and Jay Vieira. In addition, it is expected that
the officers of the Resulting Issuer shall be Steve Bourbonnais (Chief Executive
Officer), Josef Barr (Executive Chairman) and Charles Savva (Chief Financial
Officer).


The following sets outs the names and backgrounds of all persons who are
expected to be considered insiders of the Resulting Issuer. 


Josef Barr, Executive Chairman and Director

Mr. Barr, who is the co-founder of Grid Essence, is the founder of Premium
Investments AG, a Switzerland based real estate investment firm. During the last
30 years, Mr. Barr has developed, financed and constructed various high profile
real estate ventures in Germany with more than 1,900 loft conversions and a
portfolio of 1,000 apartments managed by his real estate team. He is also the
founder of Green Enesys GmbH, a Switzerland based renewable energy business
integrator. An entrepreneur at heart, Mr. Barr has over 8 years of experience
within the renewable energy project development. Over the years, Mr. Barr has
built a strong network of financing partners in European banks, EPC providers
and project developers in both real estate and renewable energy space.


Steve Bourbonnais, Chief Executive Officer and Director

Mr. Bourbonnais, who is the co-founder of Grid Essence, has extensive experience
in financing various energy and oil companies. He is the founder of Euro
Catalysts Capital SA ("ECC"), a Swiss based corporate finance advisory firm
focused on the renewable energy sector. Mr. Bourbonnais has been instrumental in
achieving several public reverse take-overs, including one within the renewable
energy sector. Over the years via his entrepreneurial deal making, he has built
important business relationships with many international investment banks,
infrastructure funds and other institutional investors including key renewable
energy players. Before ECC, Mr. Bourbonnais started his career as a futures
trader in Toronto and moved on to Credit Lyonnais Rouse in New York, as head of
proprietary trading. He graduated in 1995 and holds a B.A. in Economics from
Bishop's University in Quebec, Canada.


Charles Savva, Chief Financial Officer 

Mr. Savva is the Managing Director of Grid Essence. A Canadian, Mr. Savva has
resided in Cyprus since 2001 and has over twelve years of experience in
providing Cypriot tax and corporate services to multinational companies in
Cyprus. His areas of expertise include Cypriot tax, international VAT and IFRS
based accounting and financial reporting. Mr. Savva has five years experience
with two major banks in Toronto, Canada, and was responsible for the financial
reporting of publicly listed mutual funds. In Cyprus, he has worked for an audit
firm, as well as major tax advisory and corporate service providers. Mr. Savva
has made numerous presentations regarding the uses of Cyprus in international
tax planning and has spoken on the subject at conferences in various countries,
including Canada, US, Russia, Ukraine, Poland, Romania, Bulgaria, Sweden, and
Norway. Mr. Savva holds an MBA degree in Corporate Finance from the
internationally renowned Schulich School of Business, is a UK qualified
Chartered Accountant and a member of the Society of Trust and Estate
Practitioners.


Jay Vieira, Director

Mr. Vieira is, and has been since 2006, a partner with the law firm of Fogler,
Rubinoff LLP, Toronto, Ontario. Prior to that and since 2000, Mr. Vieira was an
associate with Sui & Pathak, Sui & Company and Himlefarb, Prozanski as well as
being a sole practitioner. Mr. Vieira focuses on the area of securities and
corporate finance. Mr. Vieira is a member of the Canadian and Ontario bar
associations and the Law Society of Upper Canada. Mr. Vieira was admitted to the
Ontario bar in 1999 after obtaining his LL.B. from the University of Windsor Law
School. Mr. Vieira holds a B.A. (Hons.) in Humanities from McMaster University.


Nicolaus Diedrich, Director

Since 2007 Mr. Diedrich has been the managing partner in several companies
involved in the renewable energy and real estate sector with a focus on managing
3P Solar, a renewable energy and private equity fund asset manager and a 70MW
CSP project development in Greece. With 3P Condor and 3P Invest, 3P Solar's
business includes a Luxemburg based fund company and a real estate asset
management and development unit. Prior to his involvement with 3P Solar, Mr.
Diedrich spent 7 years in investment banking / global markets at Deutsche Bank
and Merrill Lynch with focus on ABS and structured finance and 15 years at
Commerzbank and Westdeutsche Landesbank running the trading and sales
departments in fixed income and derivative products. Mr. Diedrich holds a MBA in
economics from the University of Cologne, Germany.


Sponsorship

Sponsorship of a qualifying transaction of a capital pool company is required by
the TSXV unless exempt in accordance with TSXV policies. Zidane is currently
reviewing the requirements for sponsorship and may apply for an exemption from
the sponsorship requirements pursuant to the policies of the TSXV, however,
there is no assurance that Zidane will ultimately obtain this exemption. Zidane
intends to include any additional information regarding sponsorship in a
subsequent press release.


Further Information

All information contained in this news release with respect to Zidane and Grid
Essence was supplied by the parties respectively, for inclusion herein, and each
party and its directors and officers have relied on the other party for any
information concerning the other party. 


Completion of the transaction is subject to a number of conditions, including
but not limited to, TSXV acceptance and, if applicable, pursuant to the
requirements of the TSXV, majority of the minority shareholder approval. Where
applicable, the transaction cannot close until the required shareholder approval
is obtained. There can be no assurance that the transaction will be completed as
proposed or at all. 


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative. 


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian
securities legislation. Forward-looking statements include, but are not limited
to, statements with respect to: the terms and conditions of the proposed
Transaction; the terms and conditions of the proposed Offering; future
exploration and testing; use of funds; and the business and operations of the
Resulting Issuer after the proposed transaction. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements.
Such factors include, but are not limited to: general business, economic,
competitive, political and social uncertainties; delay or failure to receive
board, shareholder or regulatory approvals; and the results of current
exploration and testing. 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. Zidane and Grid
Essence disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.


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