Plutonic Power Corporation to Host Conference Call to Discuss GE Energy Financial Services Memorandum of Understanding

Market Wire, August, 2008

Plutonic Power Corporation (TSX: PCC), a leading developer of clean, run-of-river energy projects in British Columbia, will host an investor/analyst conference call on Friday, August 15 to provide a corporate update and discuss the recently signed memorandum of understanding between the Company and GE Energy Financial Services, a unit of GE (NYSE: GE), to partner on a bid to develop approximately 1,000 megawatts (MW) of run-of-river hydroelectric capacity in the Toba and Bute Inlets along the southwest coast of British Columbia.

Investor Conference Call Date and Time:

Friday, August 15, 2008 at 7:30 a.m. Pacific, 10:30 a.m. Eastern time

Dial-in information is as follows:

416-695-9719 or 800-769-8320

A replay archive of the conference call will be available until August 22, 2008 at 11:59 p.m. Eastern time.

To access the replay please dial 416-695-5800 or 800-408-3053

Enter passcode: 3268915

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy. Its proposed Green Power Corridor(TM), 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 design capacity to generate enough energy to meet the annual needs of about 630,000 homes and create approximately 5,500 person years of employment. Once built, the Green Power Corridor(TM) 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.

Contacts: Plutonic Power Corporation Elisha Moreno (604) 669-4999 Email: elisha.moreno@plutonic.ca Website: www.plutonic.ca