Plutonic Power Corporation

Plutonic Power Corporation

May 29, 2009 11:36 ET

Plutonic Power Announces Resolution Results From Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2009) - Plutonic Power Corporation (TSX:PCC) held its 2009 Annual General Meeting in Vancouver on May 28, 2009. Resolutions passed at the meeting were:

- Re-election of Plutonic's existing Board of Directors, who are:

Walter Segsworth

Donald McInnes

Stuart ("Tookie") Angus

Peter Flynn

Grigor Cook

Michael Volker

William Lindqvist

- Reappointment of KPMG LLP as auditors for Plutonic Power for the ensuing year

"We expect 2009 will be filled with milestone achievements and activity for our company as we continue to play a leadership role in helping BC reach its goal of self-sufficiency," said Vice-Chair and CEO Donald McInnes. "The commitment of the returning board members to maintain direction and stability in our business plan gives us certainty as we move forward."

A photo update of progress on Plutonic Power's Toba Montrose run-of-river hydroelectric project was presented at the AGM, a copy of which is posted on Plutonic Power's website at

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy. Its proposed Green Power Corridor™, comprised of 40 locations, not including the flagship $660 million, 196 MW East Toba River and Montrose Creek run-of-river hydro-electric project currently under construction, have the design capacity to generate enough energy to meet the annual needs of about 586,000 homes and create approximately 5,900 person years of employment. Once built, the Green Power Corridor™ could offset almost 4 million tons of CO2 emissions every year - the equivalent to taking as many as 760,000 vehicles off the road. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its run-of-river projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goals of becoming electricity self-sufficient by 2016, utilizing 90% clean domestic generation sources will create employment opportunities and will play a significant role in the fight against climate change.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.

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