SPC SPC Nickel Corp

Swift Power Corp. (TSX VENTURE:SPC) ("Swift Power" or the "Company") is pleased
to announce that it has entered into a pre-acquisition agreement dated June 22,
2010 (the "Agreement") with Fort Chicago Energy Partners L.P. ("Fort Chicago"),
pursuant to which Fort Chicago has agreed to make an offer (the "Offer") by way
of a take-over bid to purchase all of the issued and outstanding shares of Swift
("Shares"), as well as shares issuable upon exercise of outstanding options, for
$0.35 in cash for each Share.


Swift has 25,624,655 issued and outstanding Shares and 27,790,155 outstanding
Shares on a fully-diluted basis. The take-over bid materials are expected to be
mailed to shareholders of Swift (the "Swift Shareholders") on or about July 5,
2010, and the Offer is expected to expire in August, 2010, unless otherwise
extended by Fort Chicago. The consideration under the Offer represents a premium
of 40% to Swift's closing price on the TSX Venture Exchange (the "TSX-V") on
June 21, 2010 and a premium of approximately 62% to Swift's 20-day volume
weighted average price on the TSX-V for the 20 trading day period ending June
21, 2010. The value of the total consideration offered to Swift Shareholders is
approximately $8.47 million calculated on a fully-diluted basis.


The board of directors of Swift has unanimously approved the Offer and has
determined that the Offer is fair from a financial point of view to Swift
Shareholders and that it is in the best interests of Swift and the Swift
Shareholders, and has unanimously determined that it will recommend that Swift
Shareholders accept the Offer.


Certain shareholders, including all Swift management and directors, have entered
into lock-up agreements with Fort Chicago in which they have agreed to tender
pursuant to the Offer and not withdraw, except in certain circumstances. Swift
has agreed not to directly or indirectly solicit or initiate any inquiries,
discussions or negotiations with any third party with respect to any take-over
proposal, subject to fiduciary obligations, including the right to respond to
superior proposals, which Fort Chicago has the right to match. In addition Swift
has agreed to pay a non-completion fee of $400,000 to Fort Chicago in certain
circumstances. First Chicago has received agreements to tender to the Offer in
respect of approximately 47% of the Shares on a fully-diluted basis.


Swift's current management team are expected to remain with the continuing
entity and will continue to work to develop its projects.


Completion of the proposed transaction is subject to a number of conditions
including acceptance of the Offer by Swift Shareholders holding at least 66 2/3%
of the Shares, the entering into of employment agreements with Alexi Zawadzki,
Andy Robinson and Don Hague, and receipt the consent of BC Hydro under the
electricity purchase agreement entered into between Swift and BC Hydro.


Mr. Alexi Zawadzki commented that, "After thoroughly contemplating a number of
alternatives, we are very pleased with the Fort Chicago offer. A successful deal
with Fort Chicago will provide the tools necessary to complete our projects on a
more competitive basis, including access to good quality debt and development
funding."


Swift's legal advisors are Lang Michener LLP (Vancouver).

About Swift Power

Swift Power Corp. 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 BC government regarding several sites on various creeks in BC.
Additional information about Swift Power is available on the Company's website
at www.swiftpower.ca.


Reader Advisory

This announcement is for informational purposes only and does not constitute or
form part of any offer or invitation to purchase, acquire, subscribe for, sell,
dispose of or issue, or any solicitation of an offer to sell, dispose, issue
purchase, acquire or subscribe for any security. The Offer (including any
variation or extension in accordance with applicable securities laws) is being
made exclusively by means of, and subject to the terms and conditions set out in
the Offer documentation to be delivered to Swift Shareholders and filed with the
Canadian provincial securities regulators. Swift Shareholders should read these
materials carefully as they contain important information, including the terms
and conditions of the Offer. The Offer documentation as well as the Swift
directors' circular will be available electronically without charge at
www.sedar.com.


Reader Advisory Regarding Forward-Looking Information

Certain statements contained in this news release, including statements that
contain words such as "may", "will", "would", "could", "should", "anticipate",
"believe", "intend", "expect", "plan", "estimate", "budget", "outlook",
"propose", "project", and statements relating to matters that are not historical
fact constitute forward-looking information within the meaning of applicable
Canadian securities legislation. In this news release, forward-looking
information and statements include: mailing of the Offer documentation and Swift
directors' circular, terms and conditions of the Offer and anticipated
completion of the Offer.


The forward-looking information in this news release is subject to known and
unknown risks and uncertainties and other factors and assumptions, which
include, but are not limited to: the risk that the Offer will not be completed
as anticipated or at all; the risk that one or more of the conditions to which
the Offer is subject will not be met; and risk the of delay in completion of the
Offer. In addition, Swift is subject to risks and uncertainties. Actual results
could differ materially from those anticipated in these forward-looking
statements if the assumptions underlying them prove incorrect, or if one or more
of the uncertainties or risks described above materializes. Risk factors are
discussed in greater detail in filings made by Swift with the Canadian
provincial securities commissions.


Readers are strongly cautioned that the above list of factors affecting
forward-looking information is not exhaustive. Further, forward- looking
statements are made as at the date they are given and, except as required by
applicable law, Swift does not intend, and does not assume any obligation, to
update any forward-looking statements, whether as a result of new information or
otherwise. The forward-looking statements contained in this news release are
expressly qualified by this advisory.

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