Etrion Provides Update on Italian Operations and Schedules Investor Conference Call

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| Source: Etrion Corporation
June 25, 2014, Geneva, Switzerland – Etrion Corporation (Etrion or the Company)
(TSX: ETX / OMX: ETX), a solar independent power producer, provides an update on
the Company’s Italian operations and schedules an investor conference call at
10:00 Eastern Daylight Time (EDT) / 16:00 Central European Time (CET) on
Thursday, June 26, 2014.
Italian Government Proposal

On June 24, 2014, the Italian government published a new decree outlining, among
other things, certain proposed changes to the current Italian Feed-in-Tariff
(FiT) regime. This decree, effective June 25, 2014, is subject to Parliamentary
approval, which is expected to take place within 60 days of the decree’s
publication, during which time, the new decree may be amended or fully rejected.

The Italian FiT currently entails a 20-year commitment from the Italian state
-owned company, Gestore Servizi Energetici (GSE), to pay a constant premium rate
for all solar electricity produced at a fixed rate defined on the basis of the
connection date. Etrion’s Italian solar parks have an average residual incentive
period of 16 years. In addition to the FiT, solar power generators in Italy
receive the spot market rate for all solar electricity produced. In 2013, the
spot market accounted for approximately 15% of Etrion’s Italian revenues.

The proposed changes would impact the revenues received by solar power producers
by reducing the annual FiT incentive to be paid by the GSE. Specifically, the
proposal outlines a reduction of the original FiT, effective January 2015,
between 17% and 25%, depending on the remaining incentive period, offset by an
extension of the incentive period from 20 to 24 years. Alternatively, solar
power producers can voluntarily elect a flat 8% reduction of the FiT for the
remaining incentive period without an extension. In addition, the new decree
introduces certain changes to the payment of the FiT, starting July 2014,
whereby approximately 10% is delayed until June of the following year.

The final implementation of the law is uncertain, and it is possible that
changes to the new decree may be introduced by Parliament. Etrion is working
closely with legal advisors and project lenders to assess the implications of
the proposed decree.

Management Comments

Marco A. Northland, the Company’s Chief Executive Officer, commented, “I am very
disappointed with the measures proposed by the Italian government and the impact
this could have on the solar market and foreign direct investment in Italy.
Although this proposed decree is not yet final, we have started to analyse the
potential impact such decree may have on our Italian portfolio and are exploring
options to best optimize the economics given Etrion’s strong track record in
Italy and above expectation performance. The proposed changes highlight the
importance of our strategy shift two years ago to diversify into new markets
with different contract regimes.”

Mr. Northland continued, “All of our growth plans today are focused on countries
outside of Europe, and Italy represents less than 50% of our expected installed
capacity in 2015. In Chile, construction of the 70 MW Project Salvador is ahead
of schedule, and we expect to begin generating electricity by the end of Q4
-2014. In Japan, we expect to reach financial close on our first two projects
with a combined capacity of 34 MW by the end of Q3-2014 and begin construction
by the end of the year.”

Investor Conference Call

A conference call/webcast to discuss the proposed changes will be held on
Thursday, June 26, 2014, at 10:00 Eastern Daylight Time (EDT) / 16:00 Central
European Time (CET).

Dial-in details:

North America and International: +1-647-788-4922 / Toll Free: +1-877-223-4471 /
Sweden Toll Free: 02-079-4343

A replay of the telephone conference will be available until July 3, 2014.

Replay dial-in details:

North America and International: +1-416-621-4642 / Toll Free: +1-800-585-8367

Pass code for replay: 64704761

About Etrion

Etrion Corporation is an independent power producer that builds, owns and
operates utility-scale solar power generation plants. Etrion owns 17 solar power
plants in Italy with approximately 60 MW of installed capacity. Etrion is also
developing greenfield solar power projects in Chile and Japan. The Company is
listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm
exchange in Sweden under ticker symbol “ETX”. Etrion’s largest shareholder is
the Lundin family, which owns approximately 24% of the Company’s shares directly
and through various trusts.

For additional information, please visit the Company’s website at www.etrion.com
or contact:

Pamela Chouamier – Investor Relations

Telephone: +41 (22) 715 20 90

Etrion discloses the information provided herein pursuant to the Swedish
Securities Market Act. The information was submitted for publication at 23:05
CET on June 25, 2014.

This press release contains certain “forward-looking information” within the
meaning of applicable Canadian securities laws. 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 proposed
changes to the Italian FiT regime and the development and timing of the
Company’s projects in Chile and Japan) constitute forward-looking information.
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, without limitation, assumptions with respect to
the changes to the Italian FiT regime going into effect and the ability of the
Company to obtain required permits for its projects in a timely fashion and
project financing on economic terms. Reliance should not be placed on forward
-looking information. 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 possibility that the changes to the Italian FiT
regime will differ significantly from those currently proposed, uncertainties
with respect to the receipt or timing of all applicable permits for the
development of the Company’s projects, the risk that the Company may not be able
to obtain project financing on economic terms and the risk of delays in
construction of the Company’s projects.

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.