TORONTO, Dec. 6 /CNW/ - TD Capital Group Limited ("TD Capital") announced
today that, concurrently with the closing of the initial public offering of
Innergex Renewable Energy Inc. ("Innergex"), it has acquired, by way of
private placement, ownership and control over 2,544,009 common shares of
Innergex (the "Shares") representing approximately 10.8% of Innergex's
currently outstanding Shares. This news release is being issued under the
early warning provisions of Canadian provincial securities legislation.
    TD Capital has subscribed for the Shares for investment purposes only.
Depending on market conditions and other factors, TD Capital may in the future
acquire Shares or other securities of Innergex, in the open market or in
privately negotiated purchases or otherwise, and may also, depending on
then-current circumstances, dispose of all or a portion of the Shares or other
securities of Innergex, in one or more transactions, in each case to the
extent then permitted by applicable law and regulation.
    TD Capital, subject to certain exceptions, has agreed that it will not,
without the prior consent of BMO Nesbitt Burns Inc. and CIBC World Markets
Inc. (on behalf of the underwriters to the initial public offering of
Innergex), which consent may not be unreasonably withheld, sell or issue
Shares, or grant any options, warrants or other rights to acquire any Shares
for a period of 12 months following the issuance of the Shares to TD Capital.
    The address of TD Capital as well as the name and telephone number of an
individual to contact in order to obtain a copy of the early warning report of
TD Capital are as follows:

                           TD Capital Group Limited
                       TD Waterhouse Tower, 6th Floor
                          79 Wellington Street West
                           Toronto, Ontario M5K 1A2

                             Tel: (416) 982-6639
                Contact: Richard H. Greene, Managing Director

For further information: Richard H. Greene, Managing Director, Tel:
(416) 982-6639