SPC SPC Nickel Corp

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Swift Power Corp. (TSX VENTURE:SPC) is pleased to announce that it has signed a
memorandum of understanding (MOU) with the Kitselas First Nation regarding Swift
Power's proposed Dasque Cluster Hydroelectric Project near Terrace, BC. The
Dasque Cluster is a proposed 20 MW run of river project located on lands within
the traditional territory of the Kitselas First Nation. Under the terms of the
MOU, Swift Power agrees to engage Kitselas in consultations regarding all phases
of the proposed Project, and will establish a working group to oversee the
implementation of the MOU and to promote and enhance communication. This
relationship is based on fundamental principles of cooperation, collaboration,
trust, good faith, mutual respect and mutual benefit.


Kitselas Director of Natural Resources, Wilfred McKenzie said, "Our agreement
with Swift Power is an excellent example of Kitselas' approach to development in
our traditional territory. Through the agreement, we will participate in a
process with Swift Power to ensure that the project proceeds in a responsible
manner and that it will deliver benefits to the Kitselas community." 


After the signing the MOU, Swift Power President and CEO, Alexi Zawadzki said,
"I am very pleased that we have the opportunity to work with the Kitselas First
Nation on the proposed Dasque Cluster Project. The Kitselas have a strong
background in natural resources management and development, and bring skills
required to collect, analyse and interpret traditional and environmental
information that is required for the completion of our permitting applications.
This is of immediate benefit. As the Dasque Cluster Project proceeds, I would
like to see this relationship strengthen to the benefit of both parties."


Swift Power is a Vancouver BC-based development-stage, independent, run-of-river
hydroelectric power company. Swift Power's business is to develop renewable
power projects in BC and potentially in other provinces of Canada and
internationally. Swift Power has rights to nine water licence applications filed
with the British Columbia government regarding several sites on various creeks
in BC. Additional information about Swift Power is on its website at
www.swiftpower.ca. 


Caution concerning forward-looking statements: 

Certain statements contained in this document may constitute "forward-looking
statements". When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect",
"investigate", "looking at" as they relate to Swift Power or its management, are
intended to identify forward-looking statements or information. Such
forward-looking statements include, among others, the expectations or claims, as
applicable, that: (i) Swift Power will successfully develop renewable power
projects in BC or elsewhere; and (ii) Swift Power will complete the Dasque
Cluster Project.


Such statements or information reflect Swift Power's current views with respect
to future events and are subject to certain risks, uncertainties and
assumptions. Forward-looking statements and information are necessarily based
upon a number of estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Many factors could cause Swift
Power's 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 statements or information, including among other
things, those risk factors which are discussed elsewhere in documents that Swift
Power files from time to time with securities regulatory authorities. Should one
or more of these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements or information prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Swift Power expressly disclaims
any intention or obligation to update or revise any forward looking statements
and information whether as a result of new information, future events or
otherwise. All written and oral forward-looking statements and information
attributable to us or persons acting on our behalf are expressly qualified in
their entirety by the foregoing cautionary statements. 


Management of Swift Power Corp. prepared this news release and takes full
responsibility for its contents.

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