(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Swift Power Corp. (TSX VENTURE:SPC) ("Swift Power" or the "Company") is pleased
to announce that today it has been awarded a long term Electricity Purchase
Agreement (EPA) with BC Hydro for the Dasque Cluster hydroelectric project. The
20 MW project is located 25 km southwest of Terrace, BC, and is planned to be in
operation by late 2012, pending receipt of necessary regulatory approvals and
financing.


Swift Power President and CEO Alexi Zawadzki said, "Swift Power is very excited
about reaching this crucial milestone. BC Hydro has recognized that we have a
highly competitive project backed by a talented team of professionals. We look
forward to helping the province achieve its climate change goals and its mandate
of energy self-sufficiency by generating reliable, clean energy from the Dasque
Cluster Facility."


Following execution of the EPA, BC Hydro will submit it to the British Columbia
Utilities Commission for its review. The Company will be posting the necessary
performance securities for both the BC Hydro EPA and the BCTC Interconnection
Agreement according to the required schedule. In the coming months, Swift Power
will finalize the selection of an engineering consultancy to proceed with
detailed engineering of the Dasque Cluster Project, and select a construction
contractor. In the meantime, the Company is pursuing options for both debt and
equity financing in light of this award.


About Swift Power

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. 


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


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.
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