Plutonic Power Corporation

Plutonic Power Corporation

March 27, 2007 10:41 ET

Plutonic Power Corporation Appoints Bruce Ripley Executive Vice President, Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 27, 2007) - Plutonic Power Corporation (TSX VENTURE:PCC) is pleased to announce the appointment of Dr. Bruce Ripley, P. Eng. as Executive Vice President, Operations. Mr. Ripley is a former Vice President, Engineering, at BC Hydro. He will be responsible for safety, engineering integrity of power generation and power generation plant operations. Additionally he will help identify and develop further hydroelectric projects to help Plutonic Power become a premier utility scale clean energy hydroelectric power generation company.

Dr. Ripley has over 25 years of engineering experience in the hydroelectric industry including 16 years with BC Hydro where he was Vice President, Engineering from 2004 through 2006. In this role he was responsible for delivery of engineering and construction projects for the generation, transmission and distribution systems with annual value of greater than $400 million, and work closely with planning, maintenance and operations programs. He has worked on projects in Canada, USA, China, Philippines and Australia. He is a former President of the Tunnelling Association of Canada, has sat on the Boards of Powertech and Science World, and has been a member of the Electric Power Research Institute's Research Advisory Committee. Mr. Ripley has a Bachelor of Applied Science (Civil) from the University of British Columbia, and Master and Doctor of Engineering degrees (Civil) from the University of California.

"We are delighted to have a professional of Bruce Ripley's caliber join Plutonic's management team," said Donald McInnes. "Bruce's broad experience in hydroelectric power development and operations will be a tremendous asset to Plutonic in helping the company achieve its strategic growth objectives of becoming a leading renewable energy producer. We feel his commitment to Plutonic is a strong endorsement of the reality of our ability to build out the Green Power Corridor and in our ability to become a utility scale developer of hydroelectric assets."

Plutonic Power is an emerging renewable energy producer in British Columbia. Its proposed 22 run of river projects have a design capacity of over 1100 MW and the potential to generate approximately 3500 GW.h per annum of green energy, enough energy to meet the annual energy needs of approximately 300,000 homes. Included in the 22 projects is the creation of the Green Power Corridor, a series of non-storage hydroelectric projects in southwestern BC, which hold the potential to catapult British Columbia to the forefront of green energy generation in North America.

The completion of the Green Power Corridor would be financed through one of the largest single private sector green energy investments ever made in British Columbia and would create over 3,000 person-years of employment.

Plutonic is committed to continuously work with First Nations, stakeholder groups and local communities in the development of its run of river projects.

Plutonic also wishes to announce the granting of 350,000 five year common share purchase options with an exercise price of $4.20 to Directors and employees of the company.

On behalf of the Board of Directors


Donald McInnes, President

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

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