Plutonic Power Corporation Conference Call Rescheduled to Monday, August 18 7:00am PST/10:00am EST

Joint bid Between Plutonic and GE Energy Financial Services to develop $4 billion Upper Toba Valley and Bute Inlet Run-of-River Hydroelectric Projects on BC’s Southwest Coast

VANCOUVER, BRITISH COLUMBIA–(EMWNews – Aug. 15, 2008) – Plutonic Power Corporation (TSX:PCC), a leading developer of clean, run-of-river energy projects in British Columbia, has rescheduled its investor/analyst conference call to Monday, August 18 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. The conference call was rescheduled to Monday due to an unexpected last-minute travel conflict.

Investor Conference Call Date and Time:

Monday, August 18, 2008 at 7:00 a.m. Pacific, 10:00 a.m. Eastern

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 24, 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.