November 5, 2007

Plutonic Power reorganizes senior management team

VANCOUVER, B.C.

Vancouver-based Plutonic Power Corporation has a new board vice-chairman and has reorganized its senior management team.

Donald McInnes, founder of Plutonic Power Corporation and previously president and chief executive officer, has been appointed vice-Chairman and CEO, and Bruce Ripley has been promoted to president and chief operating officer.

Grig Cook has been appointed president of the Toba Montrose General Partnership.

These changes were made because Plutonic is transforming into a company with both significant construction and development activities, and in recognition of the work required to achieve the buildout of its 34 projects including the proposed Green Power Corridor.

“To move from the vision to the reality of construction and delivery requires ensuring the right people with the right skills can provide the right management oversight,” said McInnes.

As construction activity increases on the 196 megawatt, $660 million East Toba River/Montrose Creek run-of-river hydroelectric project in the Toba Valley north of Powell River, additional oversight of the project will be required.

Cook will be responsible for managing the technical requirements and coordination of the project during the next three years of construction and start-up of operations.

Plutonic Power is an emerging renewable energy producer in British Columbia. Its proposed 34 development projects have a design capacity of approximately 1,700 MW with the potential to generate approximately 5,500 GWh per annum of green energy.

It is enough energy to meet the annual needs of about 550,000 homes. Included in the 34 projects is the creation of the Green Power Corridor, a series of non-storage hydroelectric projects in southwestern B.C., 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 could create over 4,500 person years of construction employment.

JOC NEWS SERVICES

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