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The Board of Directors of Plutonic Power Corporation (PCC - TSXV) announces that the Company has arranged for a nonbrokered private placement financing. The financing shall consist of the sale of 3.1 million units of the Company. Proceeds of the financing shall be used for general administrative purposes and to continue funding development of the Company's portfolio of run of river green hydroelectric power development projects.

Each unit shall consist of one $0.80 common share and one half of one common share purchase warrant with each whole warrant entitling the holder to purchase a further common share at $1.25 for one year and at $1.75 for a two year period.

A finders fee shall be payable on certain portions of the financing. Directors and Officers of Plutonic will be participating in the financing.

All securities issued in this financing shall be subject to a four-month hold period and closure of the financing is conditional on receipt of TSX Venture Exchange approval.

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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