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Board of Directors Resignation


Vancouver, BC - November 2, 2004 - Plutonic Power Corporation (PCC - TSX.V) reluctantly has accepted the resignation of Jeremy Haile, P.Eng. from its Board of Directors. Mr. Haile whose resignation is effective as of November 2, 2004 has resigned for personal reasons due to his extensive travel commitments in servicing clients around the world. Mr. Haile and Knight Piésold will continue to support Plutonic as technical advisors and engineering consultants.

The Board of Directors wishes to thank Mr. Haile for contributions during his tenure as a director.

Plutonic Power is an emerging energy producer in British Columbia. Its proposed 16 projects have a design capacity of over 800 MW and the potential to generate approximately 2,800 GW.h per annum of green energy, enough energy to meet the annual energy needs of a city seven times the size of New Westminster. Included in the 16 projects is the creation of the Green Power Corridor, a series of small-scale hydroelectric projects in southwestern BC, which hold the potential to catapult British Columbia to the forefront of green energy generation in North America. Completion of the Green Power Corridor, at an estimated capital cost of $1 billion, would be one of the largest ever single private sector investments ever made in British Columbia and would create over 2,400 person-years of employment.

On behalf of the Board of Directors


Donald McInnes, President

For additional information please contact:

Lisa May
Investor Relations
Office: 604-669-4999 ext 1034
Cell: 604-314-3362

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

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