Run of River Power Inc.
TSX VENTURE : ROR

Run of River Power Inc.

May 24, 2006 08:00 ET

Run of River Power Engages Dundee Securities to Assist in Identifying Renewable Resource Investment Opportunities

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 24, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Run of River Power Inc. ("Run of River") (TSX VENTURE:ROR) is pleased to announce that it has engaged Dundee Securities Corporation ("Dundee Securities") to assist it in seeking out and securing attractive investment opportunities in the renewable resource area.

Run of River operates a 7.6 MW hydro-electric facility at Brandywine Creek and has accumulated 150 MW of potential installed capacity encompassing two watersheds located close to the city of Vancouver, and near Whistler, BC. As The Company grows, a number of attractive options are available including further hydro-electric properties, wind, landfill, biomass and geothermal opportunities.

"We are very excited about the portfolio of hydro-electric properties that we have accumulated and feel we can achieve tremendous economies of scale as we develop this cluster of projects". said Jako Krushnisky, President of Run of River. "In growing our business we will also be looking at the acquisition and development of other renewable energy alternatives. We have engaged Dundee Securities, who we feel are the leader in this sector."

About Dundee Securities

Dundee Securities Corporation is a full-service investment dealer engaged in wealth management and advisory services, retail brokerage, institutional sales and trading, equity research and investment banking. Dundee Securities Corporation is a member of the Investment Dealers Association of Canada and CIPF.

About Run of River Power Inc.

Run of River Power Inc. operates a hydroelectric power generation project at Brandywine Creek, near Whistler, BC and sells the power to BC Hydro on a long-term 20 year contract. The Corporation proposes to develop additional hydroelectric projects on streams and rivers located in high value areas of British Columbia as well as to seek out and acquire other alternative energy projects. The Raffuse Creek development is one further step in the Company's long term development plan which commenced with a successful $8.8 million financing in June 2005.

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

Contact Information

  • Run of River Power Inc.
    R. G. ("Jako") Krushnisky
    President
    (604) 946-9232
    or
    Run of River Power Inc.
    David Speck
    Investor Relations
    (416) 368-8464