OPEL International Successfully Closes $7.55 Million Private Placement Financing

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http://www.renewableenergyworld.com/assets/logos//assets/logos/footers/6643-opel--inc-.jpg Toronto, ON, July 22, 2010 – OPEL International Inc. (TSX-V: OPL) (the "Company" or "OPEL"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and solar tracker systems, today announced that it has closed its previously announced brokered private placement. IBK Capital Corp. acted as the lead agent in respect of the issuance and sale of 25,164,665 units at a price of $0.30 per unit for gross proceeds of $7,549,400 (the "Offering"). Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.50 per share until July 21, 2012. The securities issued pursuant to this Offering may not be traded before November 22nd, 2010.

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