Katabatic Power Corp.

Katabatic Power Corp.

November 20, 2009 18:21 ET

Katabatic Power Corp.: 2008 BC Hydro Clean Power Call

Banks Island Wind Farm Proposal Continues To Move Forward

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2009) - Katabatic Power Corp. ("Katabatic") announced today that the Banks Island Wind Farm proposal, submitted to BC Hydro by North Coast Wind Energy Corp. ("NCWEC"), is one of 47 proposals moving forward in the 2008 Clean Power Call. NCWEC is jointly owned by Katabatic and a subsidiary of Deutsche Bank AG.

"We are pleased with BC Hydro's announcement. This announcement is further evidence of BC Hydro's commitment to the development of cost effective sustainable, clean energy. British Columbia, with its world class renewable energy resources, is ideally suited and well deserving of further investment in the renewable energy sector. We look forward to working in partnership with First Nations and other stakeholders to develop the Banks Island Wind Farm," stated Thomas Bell, President and CEO.

About Banks Island Wind Farm

The Banks Island Wind Farm is situated in the northwest portion of Banks Island, which is approximately 90 km south of Prince Rupert. The uninhabited island is approximately 75 km long and 25 km wide on BC's North Coast. The majority of the proposed wind farm is situated on Crown Land, with a section on the Banks Nii Luutiksm Conservancy. The primary components of the wind farm would occupy approximately 1% of the 10000 hectare wind farm area.

The proposed wind farm and transmission line are located within the traditional territories of the Gitxaala, Lax Kw'alaams and Metlakatla First Nations. Katabatic is committed to working with all three First Nations in order to provide ownership, environmental, economic, employment and training opportunities associated with the project.

To view BC Hydro's press release of November 17, 2009 visit: http://www.bchydro.com/news/articles/press_releases/2009/bchydro_proceeds_with_next_step_of_cpc.html

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