Press Releases

Finavera Solar Energy Changes Name to Solar Alliance Energy

January 29, 2016

Vancouver, Canada and San Diego, California January 29, 2016 – Finavera Solar Energy Inc. (‘Finavera Solar Energy’, ‘Finavera’ or the ‘Company’) (TSXV: FVR, OTC: FNVRF) is pleased to announce that it has received TSX Venture Exchange (the “TSX-V”) acceptance regarding the changing of its name from “Finavera Solar Energy Inc”. to “Solar Alliance Energy, Inc.” which is to be effective on February 1, 2016.

Since the Company’s acquisition of Solar Alliance of America Inc. on June 25, 2015, the Company’s business has been, and continues to be, focused on the solar energy industry. The new name of “Solar Alliance Energy Inc.” more accurately reflects the Company’s core business interest.

“The decision to adopt the Solar Alliance name will provide a seamless platform for marketing and promotion to residential solar customers and the financial markets,” said CEO Jason Bak. “The name change is part of the broader corporate plan to ensure the Solar Alliance team has every tool at their disposal to drive higher sales, provide a stellar customer experience, and provide relevant information to the financial markets. These are exciting times for Solar Alliance, and this name change reflects our ongoing commitment to position the company to take advantage of the growing market for residential solar in America.”

Trading under the new name “Solar Alliance Energy, Inc.”, the Company will commence trading on the TSX-V at the opening of trading on February 1, 2016 under the new symbol “SAN”.

Jason Bak CEO

About Finavera Solar Energy Inc. (www.finavera.com) Finavera is focusing its renewable energy development efforts on residential and utility scale solar projects in America. Through its subsidiary, Solar Alliance of America, Finavera’s mission is to create and operate a diversified portfolio of renewable energy projects while protecting and enhancing the physical and social environment. Finavera has developed over 360MW of wind projects and subsequently sold them to utilities or large independent power producers.

About Solar Alliance Of America Inc. (www.solarallianceofamerica.com) Located in San Diego, California, Solar Alliance is a solar sales and marketing firm focused on residential solar installations. In 2013, Solar Alliance had $20.7 million in revenue and was ranked #49 on Inc. magazine’s Top 500 list of America’s Fastest Growing Private Companies, making it #2 in the San Diego Area and #9 on the list of Top 100 California companies. In 2012,

For more information:

Finavera Solar Energy
Myke Clark Chief, Marketing Officer
+1 (604) 288-9051
info@finavera.com

Solar Alliance was rated #45 on the Top 500 list. From its inception in 2009, Solar Alliance has installed more than 2,000 residential solar systems in southern California.

Statements in this news release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, constitute Forward- looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“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.”

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