Adjusted net income[1] of US$1.4 million compared to an adjusted net loss of US$0.8 million in the prior year

First quarter 2012 Revenue of US$10.7 million, up 48% from prior year

First quarter 2012 EBITDA of US$9.1 million, up 82% from prior year

May 10, 2012, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), an independent solar power producer, today released its condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2012.
First Quarter 2012 Highlights

· Production: Produced 20.1 million (2011: 12.2 million) kilowatt-hours of solar electricity from seven solar power projects, comprised of seventeen solar power plants.
· Revenue: Generated solar electricity revenues of US$10.7 million (2011: US$7.3 million).
· EBITDA: Recognized earnings before interest, tax, depreciation and amortization (“EBITDA”) of US$9.1 million (2011: US$5.0...