SOURCE: Placer Gold Corp.

September 30, 2009 10:38 ET

Placer Gold Corp. Clean Energy Projects Acquisition

LAS VEGAS, NV--(Marketwire - September 30, 2009) - Placer Gold Corp. (PINKSHEETS: PGCR) (the "Company") has secured a new multi-billion dollar renewable energy business opportunity.


The company has acquired a 20% interest in two large proposed coastal wind power projects in the Eastern Seaboard of the US from Zero Carbon Wind Energy Corp. Consideration was the issuance of 80 million restricted shares and payment of a 50% share of preliminary expenses.

The Virginia and North Carolina Coastal Clean Power projects are each for 20,000MW output, making them the largest proposed wind power projects in the US.

The annual wind force in the lease application areas is higher than existing wind onshore farms, creating double the annual electricity output and significantly higher profitability.

Potential clean energy revenues of approximately $2 billion per year would accrue to PGCR's 20% equity when completed.

The Company and partners plan to secure 30% clean energy government capital grant and loan guarantees to finance 100% of the project construction costs.

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This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with resource exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect PGCR's financial results is included in its filings with the Securities and Exchange Commission.

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