December 3, 2009

Toronto, ON, Canada: Oneworld Energy Inc. Closes the First Tranche of the Acquisition of Shares of COU Capital

Oneworld Energy has acquired over 95% of the common shares of COU Capital Inc. (“COU”), a Canadian based solar developer, from its shareholders in exchange for shares of Oneworld Energy Inc. This is the first tranche with the balance of the COU shares expected to be acquired by the middle of December 2009. COU provides a variety of services to the solar sector in Europe and North America encompassing the entire value chain.

These services include the design & development, EPC (engineering, procurement and construction) and commercial/technical operation and maintenance of ground and roof mounted solar installations. Through its wholly owned subsidiaries, COU also provides electrical design and engineering services for solar parks and inverters to the solar energy sector in Europe and North America.

Key members of the COU team that will be joining Oneworld are Jeffrey Dennis, John Gamble, Michael Habermann and Adrián Maté. COU’s businesses will compliment Oneworld’s existing solar business which is currently operational in Germany and Ontario. COU has established relationships with large solar panel manufacturers for procurement and contributes a pipeline of over 83 MW of solar projects in Germany, Italy and Bulgaria, which can be built for Oneworld’s portfolio or for third party clients under contract.

Agreements are in place with the Solar Income Fund Limited Partnership to build solar parks in Germany and it has mandates from other capital funds created to own solar parks in Europe and North America. In addition, COU brokers the sale/acquisition of solar parks to third parties. In Ontario, COU has started acquiring roof top and property for ground mounted solar projects in order to participate in the new feed in tariff program recently introduced by the Ontario government.

Further details about: Oneworld Energy