CPV Copper Creek Gold Corp.

Sustainable Energy Technologies Ltd. (TSX VENTURE:STG),
www.sustainableenergy.com yesterday reported its financial and operating results
for the year ending September 30, 2007.


The Financial Statements, Management Discussion and Analysis and Corporate
update containing a more fulsome discussion can be found with the Company's
public documents on SEDAR (www.sedar.com) and at the Company's website
(www.sustainableenergy.com) under Investor/Financials/Fiscal 2007.


Highlights

- 2007 revenues of $2,004,263 up from $157,869 in 2006

- Successful product launch in Spain results in new marketing partnerships in
Spain and Greece


- Production capacity for 400 units per month established with reduced
manufacturing costs


- Continued growth in solar PV as new production capacity and new technologies
bring down PV module costs


- Markets changing in Sustainable's favor as European policy changes favor
industrial rooftop solar and building integrated PV


- European "SELV" designation eliminates need for high voltage protection
devices and specialized technicians


- Parallel array delivers design flexibility and up to 10% better performance
for building integrated PV


- Technology offers solutions for solar concentrator performance issues; trials
planned with major Spanish industrial company


- 2008 will see expanded product line and partnerships for complete product
solutions


Financial Overview

Revenues for the year were $2,004,263 up from $157,869 for the same period last
year.


Product sales of $1,912,900 were primarily to a large 5+MW solar tracker project
and reflect aggressive pricing as well as selling concessions granted to secure
the project as a reference for future sales. A rising Canadian dollar also
contributed to a lower sales value. The Company realized a small loss on the
product launch of $223,209, due mainly to the amortization of higher cost
components acquired in smaller volumes, and a write down of inventory costs due
to changes in the European regulatory environment. The Company's current landed
cost in Europe will support very respectable industry margins.


Notwithstanding the loss, the product launch was successful. The project
developer is pleased with the performance of the inverters and the Company has
since signed a memorandum of understanding with them to collaborate on other
opportunities in Spain. Effective October 1, 2007, the Company also entered into
a marketing partnership with one of Greece's largest project developers.
Although the Greek market has been delayed due to an imbalance of applications
for capital grants from the government, this is expected to be resolved in the
coming weeks.


The project also enabled the Company to establish a continuous flow of
production and to bring down its manufactured costs. With new equity raised in
May, Sustainable increased its commitment to 200 units per month with total
production capacity of 400 units per month. The additional working capital also
enabled Sustainable to increase resources devoted to distribution and marketing
in Europe.


Overall the Company sustained an operating loss (before interest and
depreciation) of $3,193,782 up $1,099,673 from $2,094,109 in 2006. The increased
loss reflects the loss sustained on the Sunergy product launch of $223,209, an
increase in marketing costs of $411,603, and an increase in general and
administrative expense of $277,819.


Working capital as of September 30 2007 was $5,809,342, at September 30, 2007
vs. $1,579,669 at September 30, 2006. Cash and short term investments totaled
$4,724,487 at September 30, 2007 compared to $752,417 September 30, 2006.
Component and finished product inventory was $1,500,000 at September 30, 2007,
by comparison to $1,156,558 at September 30 2006. The monthly burn rate
(excluding costs to build and deliver product inventory) is currently
approximately $200,000 per month.


Market Outlook

The outlook for Sustainable is very positive.

Every indication is that growth in demand for solar PV will continue at very
rapid pace. Declining module prices (modules are about 80% of the cost of the
system) will mean more demand and more growth in installations. Many of the new
technologies are very well suited to the Company's low voltage inverter and
offer it an opportunity to differentiate its product from the competition.


Although there are new competitors, most new inverter products continue to use
the same open domain technology with comparatively high operating voltages. In
the current large project environment larger "central" inverters are very
competitive in terms of lower nominal costs per watt of installed capacity and
the Company must compete on "softer" performance issues. To address this, the
Company has been marketing to large project owners and one of Spain's largest
industrial companies will begin testing the SUNERGY inverter for its tracker and
solar concentrator projects. It has also acquired distribution rights to line of
central inverters.


The market is changing in Sustainable's favour as governments begin to bias
feed-in tariffs towards building based systems. In Spain, the government will
reduce the feed in tariff for large projects by 25% effective September 30,
2008, while at the same time maintaining the higher prices for building
integrated systems. Germany already biases its incentives towards building based
systems and France, a latecomer to solar PV, has recently legislated premium
pricing for building integrated PV but none for land based projects. Most
believe that this will significantly accelerate the development of an industrial
rooftop market.


In this application, Sustainable's patented technology offers distinct
alternatives to conventional solar inverters:


- Unlike conventional solar inverters, the Company's technology brings solar
arrays under the European SELV (for "safety; extra low voltage") regulatory
threshold, eliminating the need for high voltage protection devices, and
allowing anyone to install and maintain the system. SELV leads to prepackaged
solutions for distribution through conventional building supply channels.


- The lower operating voltage of the Company's inverter enables solar modules to
be arranged in parallel without compromising efficiencies where there is the
potential for partial shading during the day or where the PV modules cannot be
arranged with precisely the same angle or orientation to the sun. The Company
believes that the performance advantage ranges from 3% to 10% depending on the
application.


The emergence of solar concentrator ("CPV") technologies may offer a special
opportunity for the Company. Many believe that solar concentrators ("CPV") are
potentially disruptive technologies because they radically reduce the use of
expensive silicon giving them a fundamentally different cost structure than
conventional silicon based solar PV cells. But CPV systems have performance
issues which are best addressed with a parallel alignment of CPV modules. The
Company's technology also has the very fast control response time needed to
track sudden changes in power output experienced by CPV systems while
maintaining the gird interconnection.


Sustainable has several trials planned for the next few months to demonstrate
and quantify the value of these advantages.


2008 Priorities

Sustainable's priorities over the next 12 months are:

- To expand the SUNERGY product line with a wider range of power ratings
focusing on the outdoor solar project markets.


- To increase product sales revenues in Southern European markets though
expansion of distribution relationships and through private labeling
relationships.


- To position the Company's technology in the industrial rooftop market and for
the emerging building integrated market


- To demonstrate the value of the Company's technologies for the emerging thin
film, especially for building integrated applications and for emerging CPV
technologies.


About Sustainable Energy: Based in Calgary Alberta, Canada, Sustainable Energy
(www.sustainableenergy.com) designs, manufactures and distributes power
inverters for distributed renewable and alternative energy applications. Power
inverters convert and control the raw power output of renewable power generators
(such as solar and small wind power systems) and energy storage systems (such as
batteries and stationary fuel cells) to grid-quality power. We have successfully
developed products for stationary fuel cells, small wind turbines and solar
photovoltaic ("solar PV") systems. Our inverters are based on patented and
proprietary technologies which have unique value for alternative and renewable
energy systems.


Certain statements contained in this press release may be considered as
forward-looking. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
estimated or implied results.

Copper Creek Gold Corp. (TSXV:CPV)
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