Carmanah Awarded $1.3M Contract for FIT Rooftop PV Solution

The $1.3 million (CAD) project will begin installation in May and has a target completion date for July 2012

TORONTO, ONTARIO, CANADA (May 2, 2012) Carmanah Technologies Corporation

(TSX: CMH) is once again working with PowerStream Inc. to provide and
install a 300kW solar photovoltaic (PV) system for a community centre in
Markham, Ontario. The $1.3 million (CAD) project will begin installation in
May and has a target completion date for July 2012.

PowerStream's solar division, a leading PV developer in Ontario, has
completed several installations through the Ontario Power Authority's
Feed-In Tariff (FIT) program. In 2011, PowerStream selected Carmanah as the
Engineering Procurement Construction (EPC) provider for a 350kW rooftop
photovoltaic generating system at the Markham's Thornhill Community Centre.
Recently, Carmanah was awarded a second PowerStream solar PV project at the
Mount Joy Community Centre in Markham. The facility presented a number of
design challenges including multiple roofs with varied slopes, an
irregularly corrugated metal surface and limited reserve structural capacity
for the PV system.

Milan Bolkovic, Executive Vice-President, Renewable Generation and
Conservation at PowerStream says "Our Renewable Generation business
continues to work with successful companies involved with the FIT program.
Carmanah's leading industry experience positioned them well to support us in
developing this exciting project in Markham."

Leveraging their experience in custom rooftop systems and partnerships with
sophisticated technology providers, Carmanah's engineering team collaborated
with Schletter Canada Inc. to propose an innovative design for the
building's requirements. Carmanah and Schletter adapted a standard racking
product that would minimize the necessity for physically anchoring the solar
generating array, allowing for the bulk of the system to be ballasted. The
system also features Heliene PV modules, selected again for their high
performance and successful installation on last year's Thornhill project.
The installation will include commercial inverters locally manufactured in
Ontario by Advanced Energy. A remote monitoring system will report real-time
solar generation of clean, carbon-free power which will offset the CO2
equivalent of 38,000 litres of gasoline annually.

"Carmanah was up to the challenge in finding a solution for the size and
complexity of this project," comments Bruce Cousins, Carmanah CEO. "Our
expertise in handling unique projects has been recognized by PowerStream and
we hope to continue supporting their leadership in rooftop PV opportunities
in Ontario."

Carmanah will be exhibiting at the upcoming CanSIA Solar Ontario Conference
May 14-15, 2012 at the London Convention Centre. For more information on
this or other solar grid-tie applications within Canada, please contact
Richard Wayte at rwayte@carmanah.com or visit www.carmanah.com/grid-tie.

About Carmanah Technologies Corporation

Carmanah Technologies Corporation is a global provider of renewable and
energy-efficient technologies. From its headquarters in Victoria, British
Columbia, Canada, and office in Toronto, Ontario, the company's Grid-Tie
division oversees the design, supply, and installation of solar photovoltaic
grid-tied systems for commercial, industrial and institutional applications.
As one of the most trusted EPC contractors in Canada, Carmanah has installed
more than 60 solar power systems in Canada, including the Dr. David Suzuki
Public School, and the Jean Canfield Government Building in Prince Edward
Island - named Canada's
2008 Solar Project of the Year by the Canadian Solar Industries Association
(CanSIA). Carmanah is a publicly traded company, with common shares listed
on the Toronto Stock Exchange under the symbol "CMH". For more information,
visit www.carmanah.com

About PowerStream Inc.

PowerStream Inc. is the second largest municipally-owned electricity
distribution company in Ontario, delivering power and related services to
more than 335,000 customers residing or owning a business in communities
located immediately north of Toronto and in Central Ontario.
In addition to electricity distribution, the company also operates a
renewable generation business throughout Ontario under the name PowerStream
Solar. PowerStream Inc. is an incorporated entity, jointly owned by the City
of Barrie, the City of Vaughan and the Town of Markham.

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