Syntaris Power

Shift to green providing economic stimulus to Canada’s provinces

Canada is the ninth most attractive location in which to invest in renewable energy projects, according to Ernst & Young’s latest Renewable energy country attractiveness indices.

Canada retained ninth position out of 27 countries analyzed for their attractiveness for renewable energy infrastructure investment - increasing the score gap over Portugal and Ireland, both ranked tenth - driven by the stability and resilience of the Canadian financial system during the ongoing capital market challenges around the globe.

“Canada is holding firm while some others have slipped in an uncertain economic and regulatory environment,” said Stephen Lewis, leader of Ernst & Young’s Renewable Energy Advisory practice in Canada. “We’re seeing some significant activity that is increasing the share of renewables in Canada’s energy mix, but if we want to be seen as a market leader, more work will be required from all stakeholders in the industry.”

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News Release
Monday, July 12 2010

100% Flow Through Shares and Units with attached warrant attractive to renewable investors

Vancouver, British Columbia—Syntaris Power Corp. (“Syntaris”) is pleased to announce two new Offering Memorandums (OM) intended to raise up to $4 million dollars (Cdn) through private placement. The new OMs provide an excellent opportunity for interested individuals and corporations to enter the renewable energy market through two unique offerings:

Flow Through Share (FTS) Offering:
Share Price: $1.00
Number of Shares: 2 million ($2 million Cdn)
Initial offering date: June 23, 2010
Closing date: on or before December 31, 2010
Minimum subscription: $2500.00

Unit Offering 1 share + 1 warrant option:
Unit Price: $1.00
Warrant option price: $1.50
Number of Units: 2 million ($2 million Cdn)
Initial Offering date: June 23, 2010
Closing date: Unit purchase closing date is on or before December 31, 2010. Warrant option must be exercised on or before December 31, 2011.
Minimum subscription of $2500.00

Release of the new Offering Memorandum is well timed and comes on the heels of a number of positive announcements for British Columbia’s renewable energy industry. The provincial government recently implemented its Clean Energy Act which provides a number of key initiatives to ensure continued growth of the industry in BC. This includes an anticipated increase in energy purchase pricing, an increase in the size of projects allowed under BC Hydro’s Standing Offer program, and harmonization of federal and provincial regulations that affect renewable energy projects.

For more information about the Offering Memorandum contact:
James Ward, V.P. Investor Relations, 778-329-9629 ext. 207, jward@syntaris.com
Ric Wilson, Strategic Planning Consultant, 778-329-9629 ext. 225, rwilson@syntaris.com

About Syntaris Power Corp.
Syntaris Power Corp. is a Vancouver-based green energy company committed to sourcing, developing and operating clean, renewable hydroelectric projects in the Province of British Columbia. The Company’s impressive development portfolio, representing about 500 MW of potential projects, can provide socio-economic benefits to First Nations and local communities. Successful development of these projects would help British Columbia achieve its required goal of energy self-sufficiency by 2016 and create a legacy of clean, renewable power for future generations. For more information about Syntaris Power, visit the company website at www.syntaris.com

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Forward Looking Information: The information contained in this news release may contain forward looking statements. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Note: This is not legal or tax advice. Individual investor financial circumstances will vary. Independent advice should be sought on the suitability of these types of investments.

More fresh electricity capacity was added to the electricity grids of both the United States and Europe last year from wind turbines, solar panels and other renewable sources than from conventional power plants run on fossil fuels and nuclear energy.

It was the second year in a row that renewable energy beat its conventional competitors.

The findings are being released Thursday in reports jointly issued by the United Nations Environment Program and Paris-based Renewable Energy Policy Network, which said green energy has “reached a clear tipping point” in becoming the dominant type of new electricity supply.

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New legislation will make B.C. electricity self-sufficient, create jobs and help support health care and education

By Bill Bennett, Special to the Sun

Our new Clean Energy Act will help ensure that British Columbians continue to enjoy the benefits of our clean, reliable and cost-effective power for many years to come.

Experts have told us that, over the next 20 years, as our population increases by more than one million residents, we can expect the demand for electricity to grow by as much as 40 per cent. In order to meet this growing demand, all of us must make every effort to conserve electricity and be more efficient in our power use. Recognizing this need, we have increased BC Hydro’s conservation target to 66 per cent, from 50 per cent. However, conservation alone will not be enough.

We need to ensure that we have secure, clean sources of power to meet this growing demand. There is no better place to get clean energy than right here in British Columbia. We have abundant water, wind and biomass, and a proven, track record in delivering sustainable projects such as the W.A.C. Bennett Dam in the Peace Canyon region.

…There are critics who say that we should continue to rely on electricity generated in the United States, even if it’s not generated from clean or renewable resources.

We simply do not agree with this approach. The Clean Energy Act puts in legislation that BC Hydro will be electricity self-sufficient, which includes 3,000 gigawatt hours of “insurance” electricity by 2020 and at least 93 per cent of our electricity will be generated from clean and renewable sources.

…The new Clean Energy Act sets the foundation for a future of electricity self-sufficiency and job creation, powered by unprecedented investments in clean, renewable energy across the province.

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