Schneider Power Inc.

Schneider Power Inc.

March 11, 2009 09:48 ET

Addition to Schneider Power Board of Directors

TORONTO, ONTARIO--(Marketwire - March 11, 2009) - Schneider Power Inc., (TSX VENTURE:SNE) today announced the appointment of Jeremy Rakusin to the Board of Directors.

Mr. Rakusin is currently a Vice President and Portfolio Manager at Trapeze Capital Corporation, a discretionary investment firm, where he is responsible for co-managing the LionRock Managed Equity Portfolio. Previously, he worked in investment banking for nine years, including as a Director in Mergers & Acquisitions with Merrill Lynch & Co. He commenced his career as a corporate and securities lawyer at Goodmans. Mr. Rakusin earned a joint LLB and MBA from the University of Toronto and is also a holder of the CFA designation.

Schneider CEO Jonathan Lundy commented, "We are delighted to add Mr. Rakusin to our board. Mr. Rakusin's capital markets expertise and experience in advising small high growth companies will be extremely beneficial as we evaluate and execute on our growth opportunities of the future."

Current members of Schneider Power's Board of Directors include: Jonathan Lundy, Bernd Schneider, Thomas Schneider, Lewis Reford, Richard Boxer and Jeremy Rakusin.

About Schneider Power

Schneider Power Inc. is one of Canada's premier renewable energy companies, with a large portfolio of clean electricity generation development projects and advanced exploration projects located across two continents, and large land positions on the most promising and prospective wind and solar power areas in North America.

Schneider Power is listed on the TSX Venture Exchange under the symbol SNE.

Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Schneider Power to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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