LORITO HOLDINGS S.À.R.L. ZEBRA HOLDINGS AND INVESTMENTS S.À.R.L. - NEWS
RELEASE

TORONTO, Oct. 5 /CNW/ - Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l. ("Zebra"), investment companies owned by trusts whose beneficiaries are members of the family of the late Adolf Lundin, hold collectively, 19,736,352 common shares of Etrion Corporation ("Etrion") representing approximately 10.9% of the issued and outstanding shares of Etrion.

Lorito and Zebra have entered into a shareholders' agreement, as of today's date, with Lundin Petroleum AB ("Lundin") wherein voting control of the 19,736,352 common shares held by Lorito and Zebra has been assigned to Lundin. Pursuant to the terms of this agreement, Lundin effectively has voting control over an aggregate 95,246,852 shares of Etrion, representing 52.98% of the issued and outstanding shares.

Voting control over the securities was acquired to ensure that the other parties to the shareholder agreement would vote as directed by Lundin with respect to matters proposed at general meetings of Etrion. Each of Lorito and Zebra may from time to time increase or decrease the investment in these securities depending upon the business and prospects of Etrion and depending upon future market conditions.

Early warning reports will be filed on SEDAR and will be available for review at www.sedar.com under the Etrion profile. A copy of the early warning reports can be obtained from the contact below.

For further information: Mr. Christophe Germain, Phone [phone], Fax [phone]