Plutonic Power Graduates to the TSX


VANCOUVER, B.C. - June 27, 2007. Plutonic Power Corporation (PCC:TSX) is pleased to announce that upon commencement of market opening on Wednesday, June 27th, 2007, the common shares of the Company will begin trading on the TSX Exchange under the symbol PCC. Concurrently, Plutonic's shares will be de-listed from the TSX Venture Exchange. Members of Company's executive team will be celebrating by performing the market opening ceremony today June 27th, 2007.

Corporate Update

East Toba River and Montrose Creek Project - Toba Valley Phase One

On June 21, 2007, the Company was granted the land tenures and water licenses for the project sites, roads and transmission line from the Integrated Land Management Bureau and the British Columbia Ministry of the Environment. In anticipation of the closure of project financing, Peter Kiewit and Sons has commenced a massive staging of materials and equipment in Richmond, British Columbia that will be barged to the Toba Valley for the commencement of construction in July. Initial funding for the project will come from the equity contribution of GE Energy Financial Services.

Plutonic Power and GE Energy Financial Services, through a Canadian affiliate, have signed a definitive Partnership Agreement, through which GE Energy Financial Services will invest up to CAN $112 million to acquire a 49 percent equity and 60 percent economic interest in the East Toba River and Montrose Creek project. This contribution will be made up of $100 million in equity and $12 million available for its share of any cost overruns.

In addition, GE Energy Financial Services and Manulife Financial are coleading, a CAN $470 million senior secured debt offering to finance the project. This debt offering is expected to close by the end of August 2007.

Green Power Corridor

Plutonic Power currently has 19 water license applications in the Toba Valley, Bute Inlet and Knight Inlet areas of the Province of British Columbia. The Company is currently determining which projects will be submitted into the 2007 BC Hydro Call for Power. The BC Hydro Call is expected to be formally unveiled in Q4 2007.

Highlights of projects under consideration include but are not limited to:

- The Toba Valley Phase Two projects, consisting of three sites, with the potential for approximately 116 MW of capacity

- The Bute Inlet projects, consisting of 13 sites, with the potential for up to 737 MW

- The Knight Inlet projects, consisting of 3 sites, with the potential for up to 154 MW

As part of the Toba Montrose General Partnership Agreement, Plutonic has agreed to fund an additional $30 million to increase the capacity of the 230-kilovolt transmission line from the Toba Valley to Saltery Bay, British Columbia. For this contribution Plutonic will receive the right to use, subject to a priority use agreement, any additional capacity of the transmission line for its other projects in the Toba Valley. The opening of access roads into the Toba Valley together with the ability to utilize the transmission line will pave the way for Plutonic to develop the Toba Valley Phase Two projects. This development should be at a significantly lower cost per megawatt than the initial development due to the infrastructure already provided by the Toba Montrose General Partnership. The Partnership and the senior lenders have agreed to allow Plutonic to contribute this additional equity after the GE Energy Financial Services affiliate's equity contribution and the senior debt facility have been fully drawn. This is not expected to occur until early in 2010. The GE Energy Financial Services affiliate has agreed to provide a $30 million credit facility to Plutonic to support this equity contribution. In return for this credit facility, Plutonic has granted GE the right to participate in up to an additional 200 megawatts of other hydroelectric power projects in BC, and issue to GE 650,000 two-year common share purchase warrants with an exercise price to be determined upon closing.

In response to the British Columbia Governments updated Energy Plan that envisages BC becoming self sufficient to meet its energy needs by 2016, Plutonic Power has hired a dedicated team of construction and engineering professionals from Peter Kiewit Sons Ltd. and Knight Piésold Ltd. to commence engineering and cost estimates for the Green Power Corridor projects. The engineers have been asked to determine the cost and logistics of developing the Bute and Knight Inlet sites with the intent of submitting all 16 of these sites into the upcoming call.

In order to strengthen its 2007 bid to the BC Hydro call, Plutonic is conducting discussions with potential industry and financial partners for the build out of the remainder of the Green Power Corridor. Plutonic intends on solidifying a financing plan to support the bid by year end.

Plutonic and the Homalco First Nation have commenced discussions and are mutually committed to executing an impacts and benefits agreement before year end. Additionally all environmental studies are well underway in anticipation of making concurrent Federal and Provincial applications for environmental permits. Plutonic Power is an emerging renewable energy producer in British Columbia. Its proposed 29 development projects have a design capacity of up to 1400 MW with the potential to generate approximately 4,800 GWh per annum of green energy - enough energy to meet the annual energy needs of over 480,000 homes. These development projects represent the largest inventory of unbuilt green energy projects in British Columbia. Included in the 29 projects is the creation of the Green Power Corridor, a series of non-storage hydroelectric projects in southwestern BC, 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 would create approximately 4000 person years of employment

Plutonic is committed to working with First Nations, stakeholder groups and local communities in the development of all its run of river projects.

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 Exchange does not accept responsibility for the adequacy or accuracy of this release. Caution Regarding Forward- Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.