Plutonic Power Corporation

Plutonic Power Corporation

November 17, 2008 18:28 ET

Plutonic Power Corporation Expresses Sympathy and Support Following the Tragic Aircraft Crash of November 16

Message from Donald McInnes, Vice-Chair and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2008) - Plutonic Power Corporation (TSX:PCC) -

On behalf of the staff and family at Plutonic Power Corporation we share in the immeasurable pain and losses suffered by the families of those affected by the November 16 aircraft tragedy.

On Sunday, a Pacific Coastal Grumman Goose, chartered by Peter Kiewit Sons Co. en route to the Plutonic Power Toba Valley project site, was involved in a fatal mid-morning crash. Tragically, seven of the eight people on board did not survive. Miraculously one passenger was rescued from the crash site and was sent to hospital for treatment of non life threatening injuries. Throughout the day yesterday and into the night Plutonic Power supported Peter Kiewit Sons Co. while their staff came to grips with the situation and began the process of notifying and offering support directly to the families of those involved in the crash.

Plutonic Power expresses its deepest sympathy to the families of those who lost their lives and are providing whatever support Peter Kiewit Sons Co. and Pacific Coastal Airlines require at this time to provide outreach and care for those impacted.

Peter Kiewit Sons Co. has mobilized a team of grief counselors to the project camp for the benefit of their direct and indirect employees and the camp is on a temporary shut down while employees receive the support they need.

We are grateful for all of the messages of support and condolences from friends and colleagues. We find strength in your support and we will rebuild from this horrible loss with the benefit of time as a healer.

Plutonic Power Corporation

Headquartered in Vancouver, Plutonic Power is a green energy company currently developing a suite of non-storage (run-of-river) hydroelectric projects in British Columbia. The company's flagship project, the 196 megawatt East Toba and Montrose project, is currently under construction in the Toba Valley, approximately 100 kilometres north of Powell River. The project is set to begin operations in 2010 and will generate enough energy for approximately 75,000 homes. Peter Kiewit Sons Co. is the construction contractor for the project, operating a 300 man camp in the Valley.

Power generated through Plutonic Power's East Toba and Montrose project will be sold to BC Hydro through a long-term fixed-price agreement awarded as part of a tender process in 2006.

Plutonic Power currently has 38 other projects in its development portfolio.

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

For more information about Plutonic Power or its projects, please visit

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