Etrion Financing Update and Investor Conference Call

Etrion Corporation ("Etrion" or the "Company") (TSX:ETX)(OMX:ETX), an
independent power producer that owns and operates renewable assets, today
announced a financing update and investor conference call following recent
developments on its solar pipeline in Chile.


Financing Update

In order to fund Etrion's current development activities in Chile, the Company
has obtained a US$42 million unsecured loan from a company affiliated with
Etrion's largest shareholder, the Lundin family, at an annual interest rate of
12% with a 12-month maturity. The Lundin family loan, along with cash on hand,
will be used to develop and build the following previously announced solar
projects in Chile:




--  Project Salvador: a 70 megawatt ("MW") solar photovoltaic ("PV") power
    plant in the Atacama region of Chile that will initially operate on a
    spot market ("merchant") basis with revenues based in US dollars and the
    ability to secure future power purchase agreements ("PPAs"). Project
    Salvador will be built using SunPower high-efficiency, single-axis
    tracker technology and will be owned 70% by Etrion, 20% by Total S.A.
    ("Total") and 10% by Solventus Energias Renovables ("Solventus"). The
    total project cost of approximately US$200 million will be financed 70%
    through US dollar-denominated, non-recourse project debt from the
    Overseas Private Investment Corporation ("OPIC") with a 19.5-year tenor.
    The remaining 30% equity portion will be funded by Etrion, Total and
    Solventus, based on their respective ownership interests. Construction
    of Project Salvador is expected to commence by December this year, and
    the solar project is expected to be operational by the first quarter of
    2015 at the latest.

--  Aguas Blancas: an 8.8 MW solar PV power plant in the Antofagasta region
    of Chile owned 100% by Etrion. Aguas Blancas will sell electricity
    through a 15-year take-or-pay US dollar-denominated PPA with Atacama
    Minerals Chile S.C.M. The total project cost, including costs related to
    the licenses, permits, development and construction, is estimated to be
    US$25 million, a portion of which is expected to be financed through US
    dollar-denominated, non-recourse project debt with international
    financial institutions, with the remaining equity portion to be funded
    by Etrion. Construction of Aguas Blancas is expected to commence in the
    fourth quarter this year, subject to Etrion arranging the necessary debt
    financing, and the solar project is expected to be operational in the
    second quarter of 2014.



Once these projects are connected, Etrion is expected to be cash flow positive
with a clear path to dividends. These projects will provide a diversified solar
power generation platform, in terms of both contract regime and geography,
complementing Etrion's current 60 MW operating platform in Italy and providing
counter-seasonal revenues.


In connection with the signing of the purchase agreement for Project Salvador, a
company affiliated with the Lundin family will have a US$42 million letter of
credit issued to Total on behalf of Etrion for total consideration of 2,500,000
common shares in Etrion. As a result, the Lundin family will own 25.4% of the
issued and outstanding shares of Etrion directly and through various trusts. As
Etrion funds its equity portion of Project Salvador from the Lundin family loan,
the availability under the letter of credit will be reduced accordingly.


The provision of the Lundin family loan to Etrion and the issuance of common
shares to the Lundin family constitute "related party transactions" under
Multilateral Instrument 61-101 and are exempt from the minority shareholder
approval and valuation requirements, as applicable, under such instrument.


Company Comments

Ian H. Lundin, the Company's Chairman, said, "Etrion is a pioneer in securing
attractive returns for solar power generation in a non-subsidy environment. Our
family has been active in the mining sector in Chile for several years, and we
look forward to supplying the industry with clean, renewable energy."


Marco A. Northland, Etrion's Chief Executive Officer, commented: "We are very
fortunate to have such strong support from the Lundin family in order to fund
our pipeline. Their vision to see Etrion competitive in a non-subsidy market is
becoming a reality with the realization of this project."


Mr. Northland continued, "The next 12 months will be transformational for Etrion
as we build and connect our first two projects in Chile, doubling our installed
capacity and significantly increasing our cash flow. These projects bring us
much closer to our long-term goal of providing an attractive balance of yield
and growth to shareholders."


Investor Conference Call

Management will host an investor conference call today at 10:00am Eastern
Daylight Time (EDT) / 4:00pm Central European Summer Time (CEST) in order to
update investors on developments in Chile.


Conference call dial-in details:

North America: +1-416-340-2216 / Toll Free: +1-866-226-1792

Europe Toll Free: 00-800-9559-6849

Webcast:

A webcast will be available at
http://www.investorcalendar.com/IC/CEPage.asp?ID=171655.


A webcast link and presentation will also be available on the Company's website
at www.etrion.com.


A replay of the telephone conference will be available until October 26, 2013.

Replay dial-in details:

North America: +1-905-694-9451 / Toll Free: +1-800-408-3053

Europe Toll Free: 00-800-3366-3052

Pass code for replay: 5848183

About Etrion

Etrion Corporation is an independent power producer that owns and operates
renewable assets. The Company currently has approximately 60 MW of operational,
ground-based solar photovoltaic power plants in Italy. Etrion is pursuing
opportunities in Chile to complement its existing business by developing solar
projects with long-term PPAs or at merchant. The Company is listed on the
Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in
Sweden. Etrion's largest shareholder is the Lundin family, which currently owns
24.5% of the Company's shares directly and through various trusts.


Note: The capacity of power plants in this release is described in approximate
megawatts on a direct current ("DC") basis, also referred to as megawatt-peak
("MWp").


Etrion discloses the information provided herein pursuant to the Swedish
Securities Market Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication in Sweden at 8:25am Central European
Summer Time on September 26, 2013.


Forward-Looking Information:

This press release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements relating to
the Company's anticipated plans to build, operate and finance the Project
Salvador and Aguas Blancas solar projects, their anticipated construction and
operation start dates, the terms and methods under which the projects will be
built and operate, the expected impact of the projects on the Company's
operating capacity, cash flows and dividends, and the estimated total cost of
each of the projects). This forward-looking information reflects the current
expectations or beliefs of the Company based on information currently available
to the Company as well as certain assumptions (including that all necessary
financing and regulatory or other approvals will be obtained and that the
projects will be developed and operated in a manner consistent with Etrion's
expectations). Forward-looking information is subject to a number of significant
risks and uncertainties and other factors that may cause the actual results of
the Company to differ materially from those discussed in the forward-looking
information, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual
results or events to differ materially from current expectations include, but
are not limited to, the failure to obtain the necessary financing or approvals
to complete construction of the Project Salvador and Aguas Blancas solar
projects or to operate them as expected, the failure to satisfy conditions
precedent to the transactions as well as unexpected delays in starting or
completing the construction of the projects and resulting delays in the start of
operations.


Any forward-looking information speaks only as of the date on which it is made
and, except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking information,
whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Etrion Corporation
Marco A. Northland
Chief Executive Officer
+41 (22) 715 20 90
www.etrion.com
(TSXV:PV)
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