Coast Mountain Power Corp.
TSX VENTURE : MW

Coast Mountain Power Corp.

January 24, 2006 19:23 ET

Coast Mountain Power Corp.: Forrest Kerr Project Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 24, 2006) - Clifford Grandison, President of Coast Mountain Power Corp. (TSX VENTURE:MW), reports that the Company received from Bechtel Canada Company the Technical Services Agreement report, Volume III.

The Company is reviewing Volumes I & II, which cover engineering, construction subcontracts and procurement, together with the contents of Volume III. This review will be completed before development plans are finalized.

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 115 MW, and includes the development of a 178 km, 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.

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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