Plutonic Power Corporation

Plutonic Power Corporation

April 17, 2007 14:46 ET

Plutonic Power Successfully Applies for Three New Run-Of-River Green Energy Hydropower Projects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Plutonic Power Corporation (TSX VENTURE:PCC) -

Project Highlights

- Three project sites located at Dalgleish Creek, Jimmie Creek and the Upper Toba River

- Total design capacity of approximately 116 Megawatts ("MW")

- Expected to generate approximately 350 Gigawatt hours ("GW.h") of renewable energy annually

Plutonic Power Corporation is pleased to announce that it has successfully completed Stages 1 and 2 towards securing a Water License and Crown Land rights from the Integrated Land Management Bureau (Ministry of Agriculture and Lands) and the Water Stewardship Division (Ministry of the Environment), for the development of three run-of-river non-storage hydroelectric power generation projects to be located on Dalgleish Creek, Jimmie Creek and Upper Toba River, near the headwaters of Toba Inlet, approximately 100 km North of Powell River, BC.

These projects have a design capacity of 116 MW and could be expected to generate approximately 350 GW.h of green energy per year, enough energy to meet the needs for approximately 35,000 homes.

"We are very excited by the prospect of developing additional run of river development sites within the Toba Valley," stated Donald McInnes, President of Plutonic Power. "The incremental value of any new sites within the Toba Valley that can be developed taking advantage of infrastructure that we are about to construct will be highly accretive to building value for Plutonic shareholders and stakeholders."

The addition of these three projects brings the number of development projects in Plutonic's portfolio to 25.

Plutonic Power is an emerging renewable energy producer in British Columbia. Its proposed 25 development projects have a design capacity of over 1300 MW with the potential to generate approximately 4,400 GWh per annum of green energy - enough energy to meet the annual energy needs of over 440,000 homes. Included in the 25 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 create approximately 3900 person-years of employment.

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

On behalf of the Board of Directors,


Donald McInnes, President

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

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