Plutonic Power Announces the Addition of Eleven New Run-of-River Sites to the Green Power Corridor Portfolio


Vancouver, BC - March 31, 2008 - Plutonic Power Corporation (PCC - TSX) is pleased to announce that it has successfully completed Stages 1 and 2 towards securing a Water License from the Water Stewardship Division (Ministry of the Environment) and Crown Land rights from the Integrated Land Management Bureau (Ministry of Agriculture and Lands) for the development of eleven run-of-river non-storage hydroelectric power projects strategically located within the boundaries of Plutonic Power's "Green Power Corridor".

These projects have a combined potential capacity to generate approximately 305 MW, and could be expected to generate an estimated 972 GWh of green energy per year; enough electricity to meet the needs of approximately 120,000 homes. By aggregating additional sites within the Green Power Corridor, Plutonic is working towards the optimization of transmission infrastructure currently under development, ensuring the smallest environmental footprint possible.

"While not all of these projects may become viable, identifying and adding these eleven new potential sites to our project portfolio is indicative of the abundance of clean energy potential we are blessed with in the region," said Donald McInnes, Vice-Chairman and CEO of Plutonic Power Corporation. "Like our other projects, these sites will be subject to ongoing hydrological and environmental studies, as well as First Nation and stakeholder consultation while working through the regulatory process to ensure the sites meet the needs of all British Columbians."

About Plutonic Power Corporation
Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, made-in-BC clean energy. Its proposed Green Power Corridor, comprised of 40 facilities, including the flagship $660 million, 196 MW East Toba River/Montrose Creek run-of-river project currently under construction, have the potential capacity of approximately 2,000 MW, creating enough energy to meet the annual needs of about 620,000 homes and create approximately 5,500 person years of employment. Once built, the Green Power Corridor could offset an estimated 4 million tons of CO2 emissions every year - the equivalent to taking as many as 650,000 vehicles off the road. Plutonic is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all its run-of-river projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016, meet demand utilizing 90% clean domestic generation sources and will play a significant role in the fight against climate change.

For additional information please contact:
Lisa May
Investor Relations
Office: 604-669-4999 ext 1034
Cell: 604-314-3362