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February 5, 2007: Enwave Announces RBC Centre will be Connected to Clean, Reliable, Low-Cost Cooling Alternative

Toronto, ON - Enwave Energy Corporation is pleased to announce its newest cooling agreement with Cadillac Fairview for RBC Centre.

"Cadillac Fairview is extremely excited about having recently signed our chilled Water Services Agreement with Enwave for RBC Centre.", said John Sullivan, Executive Vice President, Development. "The partnership with Enwave goes hand-in-hand with Cadillac Fairview's commitment to the environment and using green technology in this state-of-the-art building."

"We are pleased to work with Cadillac Fairview once again to provide RBC Centre's tenants with a reliable, low-cost alternative to conventional cooling. Cadillac continues to demonstrate their commitment to improve the environment by adding RBC Centre to Enwave's district cooling system", said Dennis Fotinos, President and CEO of Enwave.

Enwave's Deep Lake Water Cooling system draws cold water from Lake Ontario at 4° C to naturally cool buildings. Through a closed loop system at the Enwave Energy Transfer Station, heat exchanges between the City's water supply and Enwave's water grid that cools buildings. Enwave uses only the coldness from the lake water not the actual water to provide the alternative to conventional air conditioning.

About RBC Centre

The RBC Centre, under construction at Simcoe and Wellington Streets, is scheduled for occupancy in 2009. The namesake tenants, RBC Financial Group and RBC Dexia Investor Services, will lease 620,000 square feet of the total 1.2 million square feet.

The $400 million dollar project will feature a ten-storey, 400,000 square foot podium with a 31-storey office tower, 15,000 square feet of retail, and over 400 parking stalls. It will also be connected to the future Ritz-Carlton Hotel & Residences (jointly owned by Cadillac Fairview, Ritz-Carlton and Graywood Developments) and Toronto's PATH system.