China Nuvo Solar Provides Update on Freya Energy Transaction

WEST PALM BEACH, Fla.,  -- China Nuvo Solar Energy, Inc. (OTCQB: CNUV)  announced today developments with the previously announced Freya Energy, Inc. acquisition. The parties have mutually agreed to terminate further discussions regarding any possible transaction. The parties acknowledge that since the time period for the letter of intent has expired, each party has no obligation to the other and both may move forward with their individual plans.