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Sprott Power Provides Management Transition Update

The Corporation also announces the appointment of Mary Lou McDonald as Corporate Secretary to the Corporation. Ms. McDonald has been acting as legal counsel to the Corporation since joining over one year ago. Ms. McDonald has previously served as General Counsel and Corporate Secretary for Algonquin Power & Utilities Corp.

The Corporation also announces that it is taking steps to change its name.

About Sprott Power Corp. The Corporation is a Canadian based public company dedicated to the development and financing of renewable energy projects. Through acquisitions, partnerships and joint ventures, the Corporation seeks to provide its shareholders with exposure to the power generation sector. For more information on the Corporation's website at www.sprottpower.com.

Forward-Looking Statements Certain information contained in this press release may constitute "forward-looking information" which reflects the current expectations of the Corporation, including its ability to complete its co-development agreements and the development of its projects, to effect a smooth transition from outsourced management to internalized in-house management, and to carry out the strategic review process. This information reflects the Corporation's current expectations with respect to future events and is based on information currently available to the Corporation. Forward-looking information involves significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking information including, without limitation, the risks listed under the heading "Risk Factors" in the Corporation's Annual Information Form dated March 26, 2012. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information contained in this release. Although forward-looking information contained in this release is based upon what the Corporation believes to be reasonable assumptions, the Corporation cannot assure investors that actual results, performance or achievements will be consistent with this forward-looking information. The forward-looking information is made as of the date of this release and the Corporation does not assume any obligation to update or revise it to reflect new events or circumstances, except as required by law.

SOURCE Sprott Power Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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