Plutonic Power Corporation

Plutonic Power Corporation

January 24, 2008 09:00 ET

Plutonic Power Lauds Historic and Innovative Partnership Between Klahoose First Nation, Peter Kiewit Sons Co. and Powell River School District

Culinary camp services program to create lasting employment legacy for First Nations close to home

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2008) - Plutonic Power Corporation (Plutonic) (TSX:PCC) is celebrating a groundbreaking partnership two years in the making to provide turn-key camp services for a 250-man construction camp that is to be built to support Kiewit's activities in the Toba Valley as they build Plutonic's flagship 196 MW East Toba River/Montrose Creek run-of-river project. The innovative joint-venture between the Klahoose First Nation, on whose traditional territory the project is sited, Peter Kiewit Sons Co. and Powell River School District 47, will enable First Nations to gain trades and technical training overseen by education staff and on-the-job experience with Peter Kiewit Sons Co. that will create both long-term employment and source of revenue for the Klahoose Nation and that provides a unique funding source for the delivery of technical trades training for the School Board.

"When we first started engaging the Klahoose and the School District on ideas of how to create lasting legacies, all sides embraced the concept of innovation," said Plutonic Vice-Chairman and CEO Donald McInnes. "That creative thinking has led us to a one-of-a-kind joint-venture that has benefits for each partner and raises the bar for other developers to embrace opportunities that are not cookie-cutter and empowers First Nations to be more self-sufficient."

In addition to students from Klahoose, Powell River School District will also utilize the camp site as a training facility for their own students, and Malaspina University-College's culinary arts program students in a work and learn program. All students will receive on the job training, a salary and classroom theory and eventually will receive their "red seal" in trades training.

About Plutonic Power Corporation

Plutonic Power's vision is to create a lasting legacy in providing renewable, reliable, made-in-BC clean energy. Through its proposed 34 development projects, including the flagship $660 million, 196 MW East Toba River/Montrose Creek run-of-river project currently under construction, Plutonic Power has the potential to generate enough energy to meet the annual needs of about 550,000 homes and create 4,500 person years of employment. Plutonic is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all its run-of-river projects. The development of its suite of projects will help British Columbia realize its goal of becoming electricity self-sufficient by 2016, meet demand utilizing 90% clean domestic generation sources and will play a significant role in the fight against climate change.

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

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