Enablence Technologies Prices Equity Financing

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES/

OTTAWA, Nov. 23 /CNW/ - Enablence Technologies Inc. ("Enablence" or the "Company") (TSX-V: ENA) announces that, further to its press release on November 22, 2010 announcing a best efforts offering of common shares (the "Offering"), it has priced the Offering at $0.58 per common share.

The net proceeds from the Offering will be used for general corporate and working capital purposes, as more particularly set out in the Company's preliminary short form prospectus dated November 22, 2010.

The Offering is scheduled to close on or about December 6, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements.

About Enablence Technologies Inc.

Enablence Technologies Inc., (TSX VENTURE:ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base.

Enablence's Systems Division has an expanding fiber-to-the-premise (FTTP) product portfolio featuring a variety of architectural options. It enables service providers to evolve their access networks from traditional copper-based networks to advanced optical communications access networks that are based on state-of-the-art IP and Ethernet standards, for triple-play voice, video and data services including HDTV, IP Telephony and ultrafast internet access.

Enablence's Optical Components and Subsystems Division is a global leader in applying Planar Lightwave Circuit ("PLC") technology to integrate multiple components into a single optical chip to reduce footprint and costs. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul including transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes.

Forward-looking Statements

This press release may contain forward looking statements, in particular with respect to the Corporation's use of proceeds of the Offering, proposed business objectives, growth of revenue and customer base that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with Enablence's business and the economic environment in which Enablence operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward looking statements under, applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties Enablence cautions readers of this press release not to place undue reliance on its forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to risks set forth in the preliminary short form prospectus dated November 22, 2010 and Enablence's continuous disclosure documents that can be found on SEDAR www.sedar.com. Enablence does not intend, and disclaims any obligation, expect as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Enablence Technologies Inc.
David Toews
Chief Financial Officer
613-270-7888
www.enablence.com