Coast Mountain Power Corp.
TSX VENTURE : MW

Coast Mountain Power Corp.

March 24, 2006 19:40 ET

Coast Mountain Power Corp.: Execution of Agreement with Hatch Acres Inc.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2006) - Cliff Grandison, President of Coast Mountain Power Corp. (TSX VENTURE:MW), announced the execution of an agreement between Coast Mountain Power Corp. and Hatch Acres Incorporated for civil engineering design, scheduling, cost estimating and economic modeling for Coast Mountain's Forrest Kerr run-of-river hydroelectric project as required.

Engineering assignments will focus on the completion of designs for the penstock manifold, intake structure and tunnel portals. Initial work will concentrate on critical path items such as the tunnel portals, which will allow the awarding of construction contracts immediately upon completion of engineering.

A general civil construction contractor for the Forrest Kerr Project will be selected once the necessary design drawings, specifications and tender documents are available.

About Coast Mountain Hydro Corp.

Coast Mountain Hydro Corp., a wholly owned subsidiary of Coast Mountain Power Corp., is developing the Forrest Kerr Hydroelectric Project located on the Iskut River near its confluence with Forrest Kerr Creek, in northwestern BC. The project will have an installed capacity of 115MW, and includes the development of a 178km, 138kV AC transmission line to deliver the power to the BC Hydro grid at Meziadin Junction. Power generated from the project is sold under a 15-year electricity purchase agreement with BC Hydro for the delivery of 540GWh of electricity on an annual basis.

About Hatch Acres Inc.

Hatch Acres, with a staff of about 900, comprises North American-based power and energy consulting, engineering and management companies with operations worldwide. The firm was established in 1924 as H.G. Acres and Company and was acquired by Hatch in 2004. Staff includes engineers, scientists, economists, technicians and administrative personnel. From offices across Canada, the United States and around the world, Hatch Acres carries out assignments for public utilities, private developers, industry, governments, and financing institutions and has completed assignments in 124 countries. Sectors of specialization include: oil and gas; hydroelectric, wind, thermal and nuclear power generation; power transmission and distribution; management consulting; industrial and regional projects engineering.

ON BEHALF OF THE BOARD OF DIRECTORS

COAST MOUNTAIN POWER CORP.

Clifford Grandison, President

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

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