OPEL International Closes Private Placement

OPEL International, Inc., a leading, global developer and supplier of concentrating photovoltaic panels, today announced the closing of its previously announced brokered private placement.

OPEL International Inc.

Suite 501, 121 Richmond Street West
Toronto, Ontario M5H 2K1
Phone: (416) 368-9411
Fax: (416) 861-0749

NEWS RELEASE
OPEL International Closes Private Placement

Toronto, December 17, 2007 - OPEL International Inc. (TSX Venture:OPL) (the "Company"), a leading, global developer and supplier of concentrating photovoltaic panels, announced having closed its previously announced brokered private placement. A syndicate of agents led by Raymond James Ltd. and including Clarus Securities Inc., Canaccord Adams Inc. and IBK Capital Corp. (collectively the "Agents") acted as agents in respect of the issuance and sale of 15,000,000 units at a price of $1.50 per unit for gross proceeds to the Company of $22,500,000. Each unit is 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 at $1.90 per share on or before December 13, 2009.

A cash commission of $1,575,000 was paid to the Agents and an aggregate of 1,500,000 compensation warrants were issued to the Agents. Each compensation warrant entitles the holder to purchase, on or before December 13, 2009, one unit of the Company at an exercise price of $1.90 per unit, each unit being comprised of one common share and one-half of one common share-purchase warrant, with each whole warrant entitling the holder to purchase one common share of the Company at $1.90 per share on or before December 13, 2009.

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 Venture Exchange. For more information about OPEL, please visit the company's website at www.opelinc.com.
Dated: December 17, 2007

ON BEHALF OF THE BOARD OF DIRECTORS

{Signed}


Michel Lafrance, Secretary
For inquiries please contact:
Bill Blase or Cathy Loos
W.T. Blas & Associates, Inc.
Tel: 212-221-1079
Email: info@wtblase.com

Michael C. McCoy, C.F.O.
Tel: 203-612-2366 est 2229
Fax: 203-944-0800 or 416-861-0749
Email: m.mccoy@opelinc.com

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

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

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