VANCOUVER, BRITISH COLUMBIA–(Marketwire – Apr 30, 2010) – Kinetex Resources Corporation (“Kinetex” or the “Company”) (TSX VENTURE:KTX) has been sensitive by the brand brand brand brand brand brand new auditor which it will be incompetent to record the analogous monetary statements for the mercantile year finished Dec 31, 2009 (the “Annual Financial Statements”) by the finish of the day today, Apr 30, 2010, which is the 120th day after the finish of Kinetex’s many not long ago finished monetary year, as compulsory by National Instrument 51-102 – Continuous Disclosure Obligations. Based on the discussions with the brand brand brand brand brand brand new auditors, Kinetex is assured which the Annual Financial Statements together with the auditor’s inform thereon should be finalized by no after than May 28, 2010 and, accordingly, filed by the subsequent commercial operation day, namely by May 31, 2010.
On Friday Apr 23rd the Company was sensitive by the auditor that, in any box of the efforts undertaken by all parties, the complexities of the Company and the one more contrast mandate of a brand brand brand brand brand brand new auditor has resulted in the sequence for one more time which was not expected for the filing of the Company’s audited financials by Apr 30th, 2010. One of the main hurdles has been the routine compulsory for one more contrast of collateral resources by the brand brand brand brand brand brand new auditor, together with the examination of the papers ancillary stream and past collateral expenditures, the corroboration of their hold up and the acknowledgment which there has been no spoil in the utilitarian life, compared to the unheeded price base. Kinetex is gratified with the abyss of this investigation, as perfected as it has been, and at this time would similar to to inform to the shareholders which this routine has been mostly finished with couple of adjustments compulsory to date.
Further to this effort, the last examination of the Company’s endless general operations and singular set of collateral investments have combined serve time which was not expected by the review group and Kinetex is aggressively adjusting the procedures to equivocate this plea in the future. The Company looks brazen to the passing from one to another to the brand brand brand brand brand brand new review group by execution of this extensive process. Kinetex confirms which nonetheless the black execution of this routine is not at all excusable to the officers and directors of the Company, the execution of the routine will outcome in a larger turn of certainty in the Company’s monetary stating and in conclusion yield shareholders monetary statements which fairly simulate the monetary on all sides of Kinetex in suitability with GAAP.
As a precautionary magnitude in box filing the Annual Financial Statements were to be behind for a extensive duration of time, on Apr 27, 2010 Kinetex filed an focus (the “Application”) with the British Columbia Securities Commission (“BCSC”), as the principal regulator, for a government stop traffic sequence (“Management Cease Trade Order”) in suitability with National Policy 12-203 – Cease Trade Orders For Continuous Disclosure Defaults (“NP 12-203″) looking a proxy sequence prohibiting usually sure persons, companies or trusts who have been directors or officers of Kinetex from trade in bonds of Kinetex for such duration as would be specified in the Management Cease Trade Order until after the filing of the Annual Financial Statements had been completed. If approved, this would equivocate an sequence which all confidence holders of Kinetex stop trade in the securities.
Kinetex is a stating issuer in British Columbia and Alberta. The BCSC is Kinetex’s principal regulator for the purposes of National Policy 11-203 – Process for Exemptive Relief Applications in Multiple Jurisdictions. Copies of the Application have been sent to the bonds regulatory authorities in any office in which Kinetex is a stating issuer.
The Company is not theme to any penury move and there is no alternative element report connected with the affairs of the Company which has not been in all disclosed.
Until the Annual Financial Statements have been filed, Kinetex will imitate entirely with the swap report discipline set out in sections 4.3 and 4.4 of NP 12-203.
This press recover contains or refers to forward-looking information, together with statements about the outcome of the BCSC’s capitulation of Kinetex’s focus for a Management Cease Trade Order. All report alternative than statements of chronological actuality which residence activities, events or developments which Kinetex believes, expects or anticipates will or might start in the destiny have been forward-looking statements. These forward-looking statements have been theme to a accumulation of risks and uncertainties over Kinetex’s capability to carry out or envision which might means tangible events or formula to talk about materially from those discussed in such forward-looking statements, together with the risk which the BCSC will repudiate Kinetex’s focus for a Management Cease Trade Order. Any forward-looking matter speaks usually as of the date on which it is done and, solely as might be compulsory by germane bonds laws, Kinetex disclaims any vigilant or requisite to refurbish any forward-looking statement, either as a outcome of brand brand brand brand brand brand new information, destiny events or formula or otherwise. Although Kinetex believes which the assumptions fundamental in the forward-looking statements have been reasonable, forward-looking statements have been not guarantees of destiny opening and thus unjustified faith should not be placed on these forward-looking statements due to the fundamental doubt associated thereto.
About Kinetex
Kinetex is an oil, gas and vegetable scrutiny services association with offices in Vancouver, BC, Calgary, Alberta and Bogota, Colombia. Through the subsidiaries, Kinetex provides data-rich tall fortitude subsurface images – radically a mint scrutiny apparatus – to the energy, metals and minerals scrutiny and growth industries looking to go over the stipulations of normal interpretation merger methods.
The Company seeks protected harbour.

Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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CALGARY, ALBERTA–(Marketwire – Apr 30, 2010) – Guardian Exploration Inc. (TSX VENTURE:GX) announces which it has finished SEDAR filing of the Dec 31, 2009 year finish reports associated to oil and gas pot rebuilt in suitability with Canadian Securities Regulators National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101″). These reports, which can be accessed electronically from the SEDAR website at www.sedar.com, together with Form 51-101F1 – Statement of Reserves Data and Other Oil and Gas Information, Form 51-101F2 – Report on Reserves Data by Independent Qualified Reserves Evaluator or Auditor, and Form 51-101F3 – Report of Management and Directors on Oil and Gas Disclosure.
Guardian is a Calgary-based house intent in the acquisition, scrutiny and growth of apparatus properties. Common shares of the association traffic on the TSX Venture Exchange underneath the trade pitch “GX”.

Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Apr 30, 2010) –
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP), a heading writer of confidence and featured item papers, is gratified to make known the successful execution of the merger of the resources of a northern frosty hard wood kraft (“NBHK”) prolongation trickery located in Thurso, Quebec (the “Thurso Mill”) from Fraser Papers Inc. (“Fraser”) for net deduction of we estimate $1.2 million. With this successful acquisition, Fortress Paper will embark the acclimatisation of the Thurso Mill in to a universe class, low cost, featured item cellulose (dissolving pulp) operation. Concurrently, Fortress Paper intends to set up a biomass-based cogeneration plant at the Thurso Mill that will furnish immature physical phenomenon ensuing in element net appetite resources (income).
Chad Wasilenkoff, CEO of Fortress Paper, states, “We have been gratified to make known the contract has closed. We intend to move aggressively to ramp up operations at the Thurso Mill and expect prolongation of NBHK to embark in midst Jun of this year during the halt duration whilst we rught away proceed the acclimatisation of the Thurso Mill in to a dissolving pap operation. We have been finalizing the conditions of practice with multiform key people with endless knowledge in dissolving pap conversions and should be means to yield some-more sum on this make a difference in the entrance weeks. This merger will variegate the featured item product brew and we hold will yield a poignant monetary grant to Fortress’ expansion aspirations.”
The merger of the Thurso Mill has been finished by the wholly-owned auxiliary Fortress Specialty Cellulose Inc. (“Fortress Specialty”). The Corporation intends to catch collateral expenditures of we estimate $153 million to modify the non-operating NBHK indent in to a tall peculiarity featured item cellulose indent and to erect a brand brand new cogeneration facility. 
Concurrent with the execution of the merger the Company has finalized $102.4 million devise financing with Investissement Québec (“IQ”) and a $15 million automobile debenture (the “Debenture”) with Solidarity Fund QFL. Additionally, enclosed in the resources being purchased is we estimate $9.9 million in credits (black wine credits) postulated underneath the Canadian government’s Pulp and Paper Green Transformation Program. Fortress Paper additionally intends to request for we estimate $15.2 million in sovereign credits underneath the Green Infrastructure Fund module of the Minister of Transport, Infrastructure & Communities relating to the programmed cogeneration project. 
New usual agreements have been negotiated with all 3 unions that will be in outcome until 2016. The tangible good grant devise that existed underneath the prior usual agreements has been transposed with a tangible grant grant plan, expelling the risk of destiny unfunded grant liabilities. Under these brand brand new agreements, Fortress will not be presumption any of the prior grant liabilities. Management is assured that these agreements will safeguard a sure partnership with the kinship and a stable, fit cost make up by the passing from one to another in to dissolving pulp.
Further Details:
Fortress Paper has finished a loan agreement whereby Investissement Québec has concluded to yield up to $102.4 million to Fortress Specialty to await the due commercial operation devise in apply oneself of the Thurso Mill. The loan is cumulative by the collateral resources of Fortress Specialty and has a tenure of 10 years. Interest will be distributed at a bound rate of 5.0% per annum for the initial 5 years, followed by a rate formed on the cost of IQ’s supports and 2.0% for the superfluous 5 years, up to a limit of 5.5% per annum.
Fortress Paper has additionally released a $15 million automobile debenture (the “Debenture”) to Solidarity Fund QFL. The automobile debt matures in 5 years with an seductiveness rate of 7% per annum. The Debenture is convertible, in total or in part, at the choice of Solidarity Fund QFL in to usual shares of Fortress Paper at any time after shutting of the debenture at a acclimatisation cost next to to $20.00.
The Solidarity Fund QFL is a expansion collateral association that channels the resources of Québec residents in to investments in all sectors of the manage to buy to assistance emanate and say jobs and to serve Québec’s mercantile growth. The Fund is a partner, possibly but delay or by the network members, in we estimate 2,000 companies.
The featured item cellulose indent is programmed to have an annual prolongation genius of some-more than 200,000 air dusty metric tonnes and is approaching to be finished in mid-2011. In entering in to the featured item cellulose sector, Fortress Specialty will concentration on producing dissolving class cellulose for the weave industry, essentially targeting viscose twine (rayon) products that have shown clever expansion of we estimate 10% in China and 7% worldwide over the past 5 years. Rayon is a technically developed and versatile twine with most advantages, quite in the warmer and aloft expansion regions of the world. 
Fortress Paper additionally skeleton to erect an we estimate twenty-five megawatt cogeneration trickery to use a net 18.8 megawatt energy supply agreement over a fifteen year term. The place of the cogeneration trickery provides it with entrance to on-site era of biomass and an endless internal network of thinly slice and alternative biomass suppliers. The cogeneration trickery is approaching to be provision physical phenomenon in the fourth entertain of 2012.
About Fortress Paper
Fortress Paper is a heading general writer of confidence and alternative featured item papers. Fortress Paper operates 3 mills, the Landqart Mill located in Switzerland, the Dresden Mill located in Germany and the Fortress Specialty Cellulose Mill located in Canada. Fortress Paper’s confidence writings embody banknote, pass and visa writings and the featured item writings embody non-woven wallpaper bottom products, and striking and technical papers. Fortress Paper’s pap commercial operation now includes NBHK with skeleton to modify this genius in to dissolving pap production. Fortress Paper skeleton to set up a biomass formed cogeneration plant at the Thurso Mill.
This headlines recover contains sure forward-looking statements that simulate the stream views and/or expectations of Fortress Paper with apply oneself to the performance, commercial operation and destiny events, together with the goal to modify the Thurso Mill in to a featured item cellulose (dissolving pulp) operation; the skeleton to set up a biomass formed cogeneration plant and the monetary formula and prolongation genius approaching therefrom; the approaching goods of the merger of the Thurso Mill on the commercial operation of the Corporation; the state of the marketplace in the featured item cellulose and immature bio-energy sectors; and the dictated focus for sovereign taxation credits. Forward-looking statements have been formed on the then-current expectations, beliefs, assumptions, estimates and forecasts about the commercial operation and the attention and markets in that the Corporation operates, including; the capability to finish the compulsory financing to successfully exercise the commercial operation devise in apply oneself of the Thurso Mill; the success and profitability of the featured item cellulose operation and cogeneration plant; the approaching goods of the merger of the Thurso Mill on the commercial operation of the Corporation; the state of the marketplace in the featured item cellulose and immature bio-energy sectors; and the Corporation’s capability to acquire sure sovereign taxation credits. Forward-looking statements have been not guarantees of destiny opening and engage risks, uncertainties and assumptions that have been formidable to predict. Investors have been cautioned that all forward-looking statements engage risks and uncertainties including, but limitation, that the Corporation will not acquire the compulsory financing to finish the commercial operation devise in apply oneself of the Thurso Mill; will be incompetent to exercise the commercial operation devise in apply oneself of the Thurso Mill as programmed or at all; that the featured item cellulose operation and cogeneration plant will not be successful or essential and will not encounter expected prolongation capacities; that the Corporation will not acquire the sovereign taxation credits; and those risks relating to changes in the market, intensity downturns in mercantile conditions, fluctuations in the cost and supply of tender materials, unfamiliar sell fluctuations, work relations, regulatory requirements, reputation, competition, coherence on vital customers, and alternative risk factors listed from time to time in the Corporation’s open filings. These risks, as good as others, could means tangible formula and events to change significantly. Accordingly, readers should not place unjustified faith on forward-looking statements and information, that have been competent in their whole by this cautionary statement. Fortress Paper does not commence any obligations to recover publicly any revisions for updating any intentional forward-looking statements, solely as compulsory by germane bonds law.

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CALGARY, ALBERTA–(Marketwire – Apr 30, 2010) – Loon Energy Corporation. (“Loon”) (TSX VENTURE:LNE) announces which the audited monetary statements and Management Discussion and Analysis (“MD&A”) for the duration finished Dec 31, 2009 have been filed on SEDAR (www.sedar.com).
Loon is an general oil and gas scrutiny and prolongation association carrying approach interests in Colombia and Perú. For serve information, greatfully impute to the Loon website (www.loon-energy.com) or hit Norman W. Holton.

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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Apr 30, 2010) –
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.
East Middle East Minerals Corporation (TSX VENTURE:EAS) is gratified to make well known the conditions of a non-brokered financing. The Company will lift up to $18.85 million by the arising of up to 2.5 million shares at $7.54 per share. This non-brokered financing is for usual shares only, with no warrants attached, and no fees have been being paid. The contract is theme to TSX Venture Exchange approval.
East Middle East Minerals will make use of the deduction of the charity for serve scrutiny of the Miwah Gold Project, enrichment of the Indonesia bullion and gold-copper portfolio, and unallocated operative capital.
“This suggest by third parties for a non-brokered Private Placement in to East Middle East Minerals is welcomed as the Company continues to allege the considerable Miwah Gold Project in Indonesia,” settled Michael Hawkins, President and CEO of East Middle East Minerals. “With this critical investment in to East Middle East Minerals, we will be in the on all sides to accelerate the solid cavalcade module at Miwah and to embark training alternative properties in the diversified and strong bullion portfolio.”
Miwah Background
The Miwah Gold Prospect was to a little extent tangible by we guess 3,100 metres of training in twelve holes by a prior path-finder in 1997. All holes drilled during this module intersected poignant modification and mineralization with intercepts together with 71 metres of 1.4 g/t bullion and 58 metres of 1.1 g/t gold. The prior path-finder referred to intensity for 100 Mt at 1.1 to 1.2 g/t gold, however a examination of the chronological understand indicates which early training was together to aloft class (greater than 5 g/t gold) structures at surface. Hence, in serve to larger mineralized tonnage, significantly aloft altogether grades have been expected from improved geological understanding, formula of the Company’s minute sampling, and from the ongoing cavalcade module which is formed on increasing geological understanding. An e.g. is the intersection of 3.96 g/t bullion over 111 metres, together with 15.74 g/t bullion over twenty-two metres from East Asia’s solid cavalcade hole EMD024.
Based on the Company’s work Miwah is solution in to dual components; a large 1,200 metre long, at slightest 450 metre wide, we guess 200 metre thick tabular zone; and straight diatreme breccia tributary zones which have been underneath and cut by this. At Miwah Gold Zones, East Middle East has roughly 2,500 metres of stone sawn channel samples which normal 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone surpass 1.5 g/t gold. Ongoing sampling accurate the Company’s certainty which aloft altogether bullion grades can be completed due to the participation of mixed tall class stone sawn channel samples around the strike, together with 4.11 g/t bullion over 200 metres at the eastern partial of the Main Miwah Gold Zone, and 4.35 g/t bullion over twenty-seven metres at the horse opera part. Recent training has upheld this.
Miwah Main Zone stays open in all directions with the Moon River area expanding the north-south intensity to some-more than 600 metres, while superfluous open serve to the north towards Sipopok. Drilling has lengthened the Miwah Main Zone towards a identical northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially stretched the east-west breadth an additional 600 metres and stays open.
In serve to the tabular section the Company has started to impersonate a little of the diatreme breccia tributary zones, with stone sawn channel samples together with 83.59 g/t bullion over twenty-four metres and 20.14 g/t bullion over twelve metres. Recent training has upheld this. These tributary zones have good intensity to rise in to estimable tonnages of aloft class bullion mineralization in an area diagonally opposite to the Main Miwah Gold Zone.
The Miwah Property is in a really identical volcanic environment to the Martabe gold-silver deposit, additionally located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t bullion (5.5 million ounces gold) and fifteen g/t china (60 million ounces silver), and the modification complement is of a allied size. Miwah additionally exhibits a correspondence to the size, character and geometry of the modification complement grown at the Pierina bullion deposition in Peru (67.7 Mt grading 2.98 g/t bullion and twenty-two g/t silver, giving a sum 6.49 million ounces bullion and 47.9 million ounces silver).
Lionel Martin, P.Geo., the directed towards QP inside of the definition of NI 43-101, has reviewed and approves the calm of this release. East Middle East has not accurate the sequence of the apparatus references and is not treating them as NI 43-101 tangible resources accurate by a QP. Although the references of resources have been germane to noticing the intensity of the Miwah project, they should not be relied upon.
About East Middle East Minerals Corporation
East Middle East Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian vegetable scrutiny association with bullion and copper scrutiny properties in Indonesia, and uranium scrutiny properties in Mongolia. In Indonesia the Company has a 70 to 85% seductiveness in 6 modernized bullion and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) bullion projects, have been being modernized to conclude NI43-101 agreeable resources. The Company owns 8 uranium properties, together with the modernized Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and dual phosphate properties in Mongolia. East Middle East now has 71,455,372 shares outstanding. Its shares have been listed for trade on the TSX Venture Exchange underneath the pitch “EAS”.
Forward Looking Statements – This News Release contains brazen seeking report inside of the definition of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which engage well known and opposite risks, uncertainties and alternative factors which might means the tangible results, opening or achievements of the Company, or attention results, to be materially opposite from any destiny results, opening or achievements voiced or pragmatic by such forward-looking statements. Forward-looking statements have been theme to a accumulation of risks and uncertainties which could means tangible events or formula to talk about from those reflected in the forward-looking statements, including, but limitation, risks and uncertainties relating to the understand of cavalcade formula and the determination of vegetable resources and reserves, the geology, class and smoothness of vegetable deposits, the probability which destiny exploration, growth or mining formula will not be unchanging with the expectations, steel recoveries, accidents, apparatus breakdowns, pretension counts and aspect access, work disputes or alternative amazing difficulties with or interruptions in production, the intensity for delays in scrutiny or growth activities or the execution of brand brand new or updated feasibility studies, the fundamental doubt of prolongation and cost estimates and the intensity for astonishing costs and expenses, commodity cost fluctuations (including uranium, fuel, steel and building a whole items), banking fluctuations, disaster to acquire competent financing on a timely basement and alternative risks and uncertainties. Should one or some-more of these risks and uncertainties materialize, or should underlying assumptions infer incorrect, tangible formula might change materially from those described in forward-looking statements. Accordingly, readers have been suggested not to place unjustified faith on forward-looking statements. The difference anticipate, believe, guess and design and identical expressions, as they describe to us or the management, have been dictated to brand brazen seeking statements relating to the commercial operation and affairs of the Company. Except as compulsory underneath germane bonds legislation, we commence no requisite to publicly refurbish or correct forward-looking statements, either as a outcome of brand brand new information, destiny events or otherwise.
This headlines recover does not consecrate an suggest to sell or a questionnaire of an suggest to sell any bonds in the United States. The bonds have not been and will not be purebred underneath the United States Securities Act of 1933, as nice (the U.S. Securities Act) or any state bonds laws and might not be offering or sole inside of the United States or to U.S. Persons unless purebred underneath the U.S. Securities Act and germane state bonds laws or an grant from such registration is available.
To embrace or stop reception EAS headlines around email, greatfully email Info@EAminerals.com and state your welfare in the theme line.

Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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Attention: Assignment Editor, Business/Financial Editor, Energy Editor, News Editor, Government/Political Affairs Editor
TREATY 8 TERRITORY/FORT ST JOHN, BC, PRESS RELEASE–(Marketwire – Apr 30, 2010) – The Council of Treaty 8 Chiefs is angry which the BC supervision wish to free the Site C hydroelectric dam plan from regulatory slip by the BC Utilities Commission (BCUC).On Wednesday, the provincial supervision introduced a brand new Clean Energy Act – Bill 17, which will free BC Hydro from regulatory slip by the BCUC on the due Site C dam on the Peace River in northeast BC.”The Province says which First Nations will be consulted about Site C, but this legislation rips divided the regulatory slip and routine in which First Nations have been concerned in the past,” pronounced Treaty 8 Tribal Chief Liz Logan. “In the 1980′s and 1990′s when the need for this dam was considered, the First Nations uttered their concerns about the dam’s goods on their Aboriginal and Treaty rights and their normal approach of hold up at BCUC hearings.”As a outcome of those past hearings, the Site C plan was suspended twice. “We consternation how the Province expects to enough deliberate and house First Nations about Site C by finale the really same open hearings where First Nations told their stories in the past,” pronounced Chief Norman Davis of the Doig River First Nation. “This is the Clean Energy Act – because does the provincial supervision wish to censor Site C from open inspection and regulatory oversight” asked Chief Roland Willson of the West Moberly First Nations. “This appears to be self-indulgent legislation structured for domestic purposes which puts in to subject the firmness of the examination routine for the Site C project. We have been right away intensely disturbed either the examination routine which the supervision will concede for Site C will be enough to enough deliberate and house the Treaty rights underneath Treaty No. 8.”
/For serve information: Tribal Chief Liz Logan – 250-321-1296; Chief Roland Willson – 250-783-0733/
IN: ECONOMY, ENERGY, ENVIRONMENT

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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Apr 30, 2010) – Fireswirl Technologies Inc. (TSX VENTURE:FSW), “the Company”, is gratified to make known the audited annual monetary formula for the twelve months finished Dec 31, 2009. All total have been quoted in Canadian dollars. Financial statements and concomitant MD&A have been accessible on SEDAR.
Financial Highlights and Milestones for 2009:

Total sum revenues increasing to $4,985,310 for the year finished Dec 31, 2009 as compared to $324,201 for the year ended December 31, 2008, representing an enlarge of 1,438%. The enlarge was mainly due to the sales income generated by the handset sale commercial operation in China.
As at December 31, 2009, the Company had cash and money equivalents of $1,467,401 as compared to $2,226,544 as at Dec 31, 2008, representing a decrease of 34%. As at Dec 31, 2009, the Company had operative capital of $1,855,426 as compared to $2,202,225 as at Dec 31, 2008, representing a decrease of 16%. The Company had prolonged tenure debt of $64,315 as at Dec 31, 2009 and no change as at Dec 31, 2008.
The Company reported a detriment and comprehensive loss for the year of $1,395,311 for the year finished Dec 31, 2009 as compared to a detriment and extensive detriment for the year of $3,086,353 for the same period of 2008, representing a diminution in detriment of 55%. This is additionally especially due to the impairment detriment available in 2009 of $424,094 for Beijing Tysen Xieli Technology Co. Ltd (“Tysen”) in and with the consolidation of the 50% seductiveness in Beijing Xingchang Xinda Technology Development Co., Ltd. (“XCXD”) which was acquired on Oct 1, 2009.
On October 1, 2009, finished the acquisition, by Fireswirl Technologies (Shenzhen) Co., Ltd. (“Fireswirl Shenzhen”), a wholly-owned subsidiary of the Company incorporated underneath the laws of the People’s Republic of China, of 50% of all rights and interests in Beijing Xingchang Xinda Technology Development Co., Ltd. (“XCXD”) in consideration for up to 6,058,673 usual shares of the Company (the “Transaction”). The Company acquired 50% of all rights and interests of XCXD, including 50% of any prior to taxation profit, in care for up to 6,058,673 common shares of the Company, where 3,029,337 shares were released on shutting of the Transaction and 3,029,337 shares (the “Milestone Shares”) are being hold underneath escrow, releasable on XCXD achieving sure profit milestones for the mercantile year finished Dec 31, 2009.
On January 2, 2009, voiced the appointment of Victor Choy as Chief Operating Officer of the Corporation.

“We have been creation good advance in to the China marketplace by fast enchanting the commercial operation in to the fast flourishing e-commerce segment. Our movement continues to grow as indicated by the year over year income growth, representing an enlarge of 1,438%,” states Tony Lau, CEO. “E-commerce sales in China has doubled in 2009, and we have been in a good on all sides to gain on this flourishing event by strengthening the existent mobile handset-based e-commerce operation, as good as expanding the e-commerce use to alternative verticals with clever code partners.”
About Fireswirl
Fireswirl Technologies Inc. (TSX VENTURE:FSW) is focused on formulating transactional income by engineering electronic and mobile custom solutions for calm providers. The Company’s record has extended applications for solutions requiring mixed remuneration interfaces, multicurrency and multi-language capabilities. Our solutions can be blending to any attention looking tall volume or micro-payment solutions involving a far-reaching bottom of users by internet or wireless applications.
Further report can be found on the association at: www.fireswirl.com.
This headlines recover contains sure forward-looking statements which simulate the stream views and/or expectations of Fireswirl Technologies Inc. with apply oneself to the performance, commercial operation and destiny events. Investors have been cautioned which all forward-looking statements engage risks and uncertainties including, but limitation, those relating to changes in the market, intensity downturns in mercantile conditions, unfamiliar sell fluctuations, ubiquitous demand, foe and the capability to exercise the commercial operation skeleton and strategies in a timely demeanour or at all. These risks, as good as others, could means tangible formula and events to change significantly. Fireswirl Technologies Inc. does not commence any obligations to recover publicly any revisions for updating any intentional forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept shortcoming for the endowment or the correctness of this release.

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Annual Highlights: MATL Project Construction Commenced- Construction and Term Financing Closed- Two Equity Financings Completed- Project 2 (Green Line Project) Announced- Supreme Court Leave to Appeal Denied- Share Consolidation Completed

TORONTO, ONTARIO–(Marketwire – Apr 30, 2010) – Tonbridge Power Inc. (TSX VENTURE:TBZ) (“the Corporation”), right away voiced monetary formula for the year finished Dec 31, 2009. There was a net detriment on a per share basement of ($0.16). The sum detriment for the year finished Dec 31, 2009 was $(4.4M).
“The Corporation has entirely saved and engaged delivery genius for the MATL Project. Permitting is finished and Phase 1 building a whole is approaching to be finished shortly. Phase 2 building a whole is approaching to embark late in the second entertain of 2010. With the shutting of the Dec 2009 equity financing, we have right away actively started growth work on the second project, the Green Line Project.” pronounced Johan van’t Hof, President and CEO.
Significant Annual and Recent Highlights
MATL Project Construction Commenced
On Oct 29, 2009, following the execution of the Construction Loan Facility described below, the Corporation released a Notice to Proceed with the building a whole of the Montana Alberta Tie Ltd. delivery line plan (“MATL Project”). Phase 1 of the building a whole (including the minute design, stick chain determination, surveying, land work and all alternative building a whole elements) is almost finished and Phase 2 (including tangible stick insertion and substation work) is scheduled to embark late in the second entertain of 2010 after land easements have been obtained. Construction is right away scheduled to be finished in the second entertain of 2011.
Construction and Term Financing Arrangements Completed
On Oct 27, 2009, the Corporation sealed a US$161M loan trickery with Western Area Power Administration (“Western”), a energy selling group of the U.S. Department of Energy, to account the building a whole of the MATL Project. Interest during building a whole accrues quarterly at an annual rate of 2% until building a whole on the MATL Project is finished at which indicate it will modify to a 30-year tenure financing, temperament seductiveness at an annual rate next to to the 30-year U.S. Treasury price of funds.
To Apr 30, 2010, US$32.7M has been modernized underneath the Construction Loan Facility.
Equity Financings
On Dec 17, 2009, the Corporation successfully finished an equity financing for sum sum deduction of $15,527,300. Previously, on Jun 4, 2009, the Corporation finished an one more equity financing for sum sum deduction of $5,752,875.
Net money deduction from these dual equity financings were $18,484,720.
Green Line Project
On Nov 5, 2009, the Corporation entered in to a Cooperation agreement with Gaelectric North America Inc. (“Gaelectric”) to proceed an comment of the intensity for constructing a brand brand new energy delivery line (the “Green Line”). This line would bond the MATL Project with the 500 kV Colstrip delivery line at or west of Townsend, Montana. On Mar 29, 2010, the Corporation entered in to a identical agreement with Invenergy Wind Development LLC (“Invenergy”).
As the formula of the comment work have been favourable, the Corporation is right away operative with Gaelectric and Invenergy to come in in to Development Agreements. Under such Agreements, Gaelectric, Invenergy and the Corporation will co-fund the growth and will yield for growth contributions to be returned to Gaelectric and Invenergy as delivery credits over a set duration of time opposite contingent delivery contractual obligations.
Supreme Court Leave to Appeal Denied
The Corporation successfully shielded the Alberta Energy and Utilities Board permits opposite seductiveness to the Alberta Court of Appeal and the Supreme Court of Canada. The seductiveness was discharged and leave to seductiveness was denied, respectively. In addition, the Corporation cumulative an prolongation of the assent from the National Energy Board to Aug 31, 2010, and expects to imitate with the assent conditions inside of which time.
Share Consolidation Completed
In Nov 2009, the shareholders authorized the converging of the released and superb usual shares of the Corporation on the basement of one brand brand new usual share for each 10 existent usual shares. Since Nov 6, 2009, shares have been trade on the TSX Venture Exchange on this combined basis.
Tonbridge Power Inc. is a Toronto-based developer of electrical delivery assets, whose principal item is a 100% seductiveness in Montana Alberta Tie Ltd. Shares of the Corporation have been traded on the TSX Venture Exchange underneath the pitch “TBZ”. The Corporation‟s monetary statements and alternative filings can be found on SEDAR.
Should you instruct to embrace headlines around email, greatfully email info@tonbridgepower.com and mention “company news”.
Cautionary Note Regarding Forward-Looking Statements
This headlines recover contains “forward-looking statements”, inside of the definition of germane Canadian bonds legislation, connected with the business, operations and monetary opening and condition of the Company. Forward-looking statements include, but have been not singular to, statements with apply oneself to destiny revenues. Generally, these forward-looking statements can be identified by the make use of of forward-looking vernacular such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such difference and phrases or state which sure actions, events or formula “may”, “could”, “should”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements have been theme to good known and opposite risks, uncertainties and alternative factors which might means the tangible results, turn of activity, opening or achievements of the Company to be materially opposite from those voiced or pragmatic by such forward- seeking statements, together with but not singular to: the conditionality of the income contracts, risks associated to the financing or building a whole of the delivery line; risks associated to the opening of parties constrictive for delivery capacity; delays in obtaining bureaucratic approvals, permits or plan financing or in the execution of growth or building a whole activities, mandate for one more capital, supervision regulation, environmental risks as good as those factors discussed in the territory entitled “Risk Factors” in the Company’s Annual Information Form for the year finished Dec 31, 2005, accessible on www.sedar.com. Although the Company has attempted to brand critical factors which could means tangible formula to talk about materially from those contained in forward-looking statements, there might be alternative factors which means formula not to be as anticipated, estimated or intended. There can be no declaration which such statements will infer to be accurate, as tangible formula and destiny events could talk about materially from those expected in such statements. Accordingly, readers should not place unjustified faith on forward-looking statements. The Company does not commence to refurbish any forward-looking statements which have been incorporated by anxiety herein, solely in suitability with germane bonds laws.

Neither the TSX Venture Exchange nor the Regulation Service Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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WINNIPEG, MANITOBA–(Marketwire – Apr 30, 2010) – Empire Industries Ltd. (TSX VENTURE:EIL) (“Empire” or the “Company”), currently voiced the audited combined monetary formula for the year finished Dec 31, 2009. The audited combined monetary statements and Management’s Discussion and Analysis (“MD&A”) for the fourth entertain and year finished Dec 31, 2009 have been filed on SEDAR and can be noticed at www.sedar.com or on the web-site at www.empind.com.
Fiscal 2009 Financial Highlights (compared to mercantile 2008):

Funded debt marked down to $18.7 million from $41.6 million (decrease of 55.0%)
Consolidated income decreased to $109.3 million from $180.0 million (decrease of 39.3%); 
Consolidated sum distinction decreased to $11.2 million from $26.7 million (decrease of 58.1%);
Consolidated benefit prior to interest, taxes, debasement and amortization (“EBITDA”) decreased to a detriment of $6.5 million from a benefit of $5.3 million;
Cash used by operations in 2009 was a $9.6 million detriment contra money supposing by operations of $1.9 million in 2008;
Net detriment was $15.5 million, or $0.17 detriment per share, compared with net detriment of $1.8 million or $0.02 detriment per share; and
Cash upsurge supposing by handling activities softened to $13.9 million from $0.8 million.

“Fiscal 2009 was an incredibly severe year for Empire,” pronounced Guy Nelson, Chairman and CEO of Empire Industries Ltd. ”We were really unhappy with the bulk of the handling losses, but we were gratified with the money upsurge era by non-core item sales and the pardon up of non-cash operative capital. We were means to revoke the saved debt bucket from $41.6 million at Dec 31, 2008 to $18.7 million at Dec 31, 2009. Moreover, the brand brand new $17.5 million credit trickery executed in the initial entertain of 2010 with Canadian Western Bank has right away separated the bank compact breaches which compelled us via 2009. This contract combined $six million of operative collateral to the 2009 year finish operative collateral of $2.7 million.”
The Company additionally finished a sale and leaseback of the Port Coquitlam trickery for $9.5 million in Jul 2009, with a benefit on sale of $1.5 million. These deduction were additionally used to retire short and prolonged tenure debt.
The Company likely of Petrofield’s explosion blurb operation for $10.2 million on Oct 5, 2009. The deduction were used to retire short and prolonged tenure debt.
“We have been saying improvements in the marketplace in 2010,” pronounced Mr. Nelson. ”Bidding wake up is significantly aloft than it was a year ago. The sovereign and provincial governments’ impulse appropriation is commencement to work the approach in to the prolongation cycle and the in isolation zone collateral spending in horse opera Canada, generally the oil sands, is recovering.” Mr. Nelson added, “We have been on lane with the restructuring plan, which will assistance us to distinction from the mending market. The Company and the house of directors go on to weigh assorted constructional and operational alternatives to enlarge the competitiveness and show off shareholder value. Non-core item sales, debt refinancing, and price containment and rebate will go on to be evaluated and executed as partial of the expostulate to lapse to profitability.”
About Empire Industries Ltd.
Empire Industries Ltd. adds worth to steel by the leading, Western Canadian engineered products production and steel phony groups and the Fort McMurray-based vital partnership in the upkeep services sector. The Company’s blurb operation operations have been focused on the infrastructure, blurb and industrial building a whole marketplace of Western Canada and name niche markets internationally. Empire’s usual shares have been listed on the TSX Venture Exchange underneath the pitch EIL.
Forward-looking statements
This press recover contains forward-looking statements, inside of the definition of germane bonds legislation, connected with Empire’s blurb operation and affairs. In sure cases, forward-looking statements can be identified by the make use of of difference such as ”plans”, ”expects” or ”does not expect”, ”budget”, ”scheduled”, ”estimates”, “forecasts”, ”intends”, ”anticipates” or variations of such difference and phrases or state which sure actions, events or formula ”may”, ”could”, ”would”, ”might” or ”will be taken”, ”occur” or ”be achieved”. These brazen seeking statements have been formed on stream expectations, and have been of course theme to doubt and changes in resources which might means tangible formula to talk about materially. Readers have been cautioned not to place unjustified faith on such forward-looking statements. Forward-looking report is supposing as of the date of this press release, and Empire assumes no requisite to refurbish or correct them to simulate brand brand new events or circumstances, solely as might be compulsory underneath germane bonds laws.

Neither TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this release.

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