Energy partnership to submit renewable proposal to OPA

November 10, 2014, Guelph, Ont. – Guelph Municipal Holdings
Inc. announced that GIME Energy, a team made up of Envida Community Energy
Inc., a subsidiary of Guelph Municipal Holdings Inc., and a number of equity
partners including EllisDon Corporation and Index Energy Canada Corporation, has
been qualified by the Ontario Power Authority to submit proposals for renewable
energy biomass projects that would feed electricity into the provincial grid
under any future Large Renewable Procurement (LRP) Requests for Proposals that
may be issued by the Ontario Power Authority.

"The partners in the GIME Energy team bring to the
table a wealth of experience in developing, constructing and operating combined
heat and power and biomass projects that is second to none,” says Ron Collins,
Vice President of Business Development, Guelph Municipal Holdings Inc. “This
puts us in an ideal position to submit strong proposals for renewable energy
projects that will further the goals of Guelph's Community Energy Initiative
and benefit the entire community."

The Ontario Power Authority is not currently evaluating or
qualifying specific large renewable projects. This occurs at the Request for
Proposals (RFP) stage, wherein only qualified applicants may submit
project-specific proposals containing full details about the projects including
location, size, and connection point. An important part of a project proposal
will be meaningful community engagement.