Schneider Power Inc.

Schneider Power Inc.

June 26, 2009 18:13 ET

Schneider Power Inc. Announces Discontinuance of Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 26, 2009) - Further to its news releases dated May 11, May 12 and May 25, 2009 Schneider Power Inc. (TSX VENTURE:SNE) (the "Company") announces that it will not be completing additional closings under its previously announced non-brokered private placement of units of securities of the Company.

About Schneider Power:

Schneider Power Inc. is one of Canada's premier renewable energy companies, with a portfolio in excess of 1,000 MW clean electricity generation development projects and advanced exploration projects located across two continents, and large land positions on the most promising and prospective wind and solar power areas in North America. Schneider Power is listed on the TSX Venture Exchange under the symbol SNE.

Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Schneider Power to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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