Solar Alliance Announces Appointment of Eric Knutzen as CFO

Vancouver, Canada (FSCwire) - Solar Alliance Energy, Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SAN, OTCQB: SAENF) is pleased to announce the appointment of Eric Knutzen as Chief Financial Officer. Mr. Knutzen joins Solar Alliance with decades of finance experience, including assignments overseas in Sweden for the CPA firm of KPMG (formerly Deloitte in Sweden) and CFO for Lear Corporation AB with 3,500 employees and eight subsidiaries. Eric later co-founded a profitable consulting firm, bringing the firm within three years to 72 consultants, with offices in Sweden, England, Honolulu and Shanghai. Eric co-founded Green Energy Hawaii, LLC in 2005 and recently celebrated the opening of the "First Closed-loop Biomass-to-Energy Plant in the USA", supplying 12.4% of Kauai's energy. Mr. Knutzen is also familiar with public service, being appointed by the mayor of Kauai as Deputy Director of Finance. He is a Finance graduate of San Diego State University, where he also obtained his MBA.    

"We're truly excited to have Eric Knutzen join our leadership team, as he is one of the pioneers in renewables, co-founding Green Energy Hawaii LLC back in 2005,” said Solar Alliance Chairman and CEO Jason Bak. "Eric has extensive experience in corporate finance, project finance and renewable energy project development. His background in revenue generating and growth companies fits perfectly with Solar Alliance and will provide invaluable support for our expansion plans.”

"It's an honor to join such a truly experienced leadership team at Solar Alliance,” said Mr. Knutzen. “The sky's the limit as we strive to reach and beat each and every customer's expectations and grow Solar Alliance into a national solar energy provider.”

Mr. Knutzen replaces Randy Strandt as CFO, who is leaving to pursue another opportunity.

“In Randy’s short time with Solar Alliance he completed a key project, instituted a number of procedural changes and developed a key opportunity which places the Company in a much better position. I would like to thank Randy for his contributions and wish him the best at his next endeavor,” concluded Jason Bak.

Jason Bak

Chairman and CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is a solar sales and marketing firm focused on residential solar installations.  Our mission is to encourage the transition to an independent, distributed solar market through a strong management team that combines technical, sales, marketing and financial expertise. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Since its inception in 2003, Solar Alliance has developed over 360 megawatts of renewable energy projects and subsequently sold them to utilities or large independent power producers, and has installed more than 2,000 residential solar systems in southern California. Solar Alliance is located in Vancouver, British Columbia and San Diego, 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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