The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor(TM), comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes and offset more than 4.4 million tons of CO2 emissions every year - the equivalent of taking more than 850,000 cars off the road. Build out of the Green Power Corridor(TM), including the current construction of the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project, could create approximately 6,500 person-years of employment. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts:
Plutonic Power Corporation
Elisha McCallum
Media/Community Relations
604-669-4999 or Cell: 604-880-0073
elisha.mccallum@plutonic.ca

Plutonic Power Corporation
Lisa May
Investor Relations
604-669-4999 or Cell: 603-314-3362
lisa.may@plutonic.ca
www.plutonic.ca

SOURCE: Plutonic Power Corporation

mailto:elisha.mccallum@plutonic.ca
mailto:lisa.may@plutonic.ca
http://www.plutonic.ca

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor(TM), comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes and offset more than 4.4 million tons of CO2 emissions every year - the equivalent of taking more than 850,000 cars off the road. Build out of the Green Power Corridor(TM), including the current construction of the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project, could create approximately 6,500 person-years of employment. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.

SOURCE: Plutonic Power Corporation

Plutonic Power Corporation
Elisha McCallum
Media/Community Relations
604-669-4999 or Cell: 604-880-0073
elisha.mccallum@plutonic.ca
Plutonic Power Corporation
Lisa May
Investor Relations
604-669-4999 or Cell: 603-314-3362
lisa.may@plutonic.ca
www.plutonic.ca

GE and Plutonic have formed a partnership through which they intend to own and operate the project, located 1,100km northeast of Vancouver.

The Dokie project consists of the fully permitted and partially built 144MW Dokie Phase 1 project and the rights to expand to 300MW. As partners, GE and Plutonic or their affiliates would jointly provide equity and seek project debt financing to complete construction and operate the project. The estimated construction cost of the project is C$225 million.

EarthFirst has reported that the Dokie project, once completed, would generate 340GWh annually; enough electricity to meet the annual needs of 34,000 homes and avoid more than 229,000 tonnes of CO2 emissions from a coal plant, the equivalent of taking 44,000 cars off the road.

GE Energy Financial Services and Plutonic plan to complete the acquisition of the Dokie project in early November 2009, with completion of construction estimated in early 2011.

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Since 2004, David O'Brien has been the president and CEO of Toronto Hydro, a municipally-owned electrical utility responsible for providing electricity to the City of Toronto, which reportedly represents 18.5% of the electricity consumers in the province of Ontario.

Prior to joining Toronto Hydro, Mr O'Brien had experience in municipal administration and the Ontario electricity industry. He has held the position of city manager in a number of cities in Ontario, culminating with 10 years as city manager in Mississauga.

He then served as CEO and board member of Enersource, a diversified energy and technologies company serving residential and business customers in Mississauga.

http://www.datamonitor.com

Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon