OPEL International Announces Private Placement

OPEL International Inc., a leading global developer and supplier of concentrating photovoltaic panels, announced that it intends to raise up to $25 million in a brokered "best efforts" private placement.

OPEL International Inc.


TSX VENTURE: OPL


Nov 13, 2007 10:50 ET
OPEL International Announces Private Placement
TORONTO, ONTARIO--(Marketwire - Nov. 13, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

OPEL International Inc. (TSX VENTURE:OPL)(the "Company") a leading, global developer and supplier of concentrating photovoltaic panels, today announced that it intends to raise up to $25 million in a brokered "best efforts" private placement of units. Each Unit will be comprised of one common share and one-half of one common share purchase warrant of the Company, with each whole Warrant entitling the holder to purchase one common share of the Company for a period of two years following the closing of the offering.

A syndicate led by Raymond James Ltd. and including Clarus Securities Inc., Canaccord Adams Inc. and IBK Capital Corp. will act as agents in respect of the offering.

The offering is subject to regulatory approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to applicable statutory, exchange and regulatory hold periods. The offering is expected to close on or about December 11, 2007.

About OPEL

OPEL International, Inc. designs, manufactures and markets innovative, state-of-the-art solar technology products designed to convert solar energy into electricity - at the least possible cost and greatest efficiency. A public company, OPEL trades on the TSX Ventures Exchange. For more information on OPEL please visit the OPEL website at www.opelinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

Investors are cautioned that except for statements of historical facts, certain statements contained in this news release may include forward-looking information with respect to the Company. Such forward-looking statements or information are based on current expectations, estimates and projections formulated using assumptions currently believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to any U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

W.T. Blasé & Associates, Inc.
Bill Blase or Cathy Loos
(212) 221-1079
Email: info@wtblase.com

or

OPEL International Inc.
Michael C. McCoy
C.F.O
(203) 612-2366 ext 2229
(203) 944-0800 or (416) 861-0749 (FAX)
Email: m.mccoy@opelinc.com
Website: www.opelinc.com

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