SPC SPC Nickel Corp

Swift Power Corp. (TSX VENTURE:SPC) ("Swift Power" or the "Company") is pleased
to announce that Fort Chicago Pipelines (Canada) Ltd., an indirect wholly-owned
subsidiary of Fort Chicago Energy Partners L.P. ("Fort Chicago") announced today
that it has mailed to shareholders of Swift Power ("Swift Shareholders") and
filed with the Canadian securities regulatory authorities, an offer and
take-over bid circular (collectively the "Offer Documents"), formally commencing
Fort Chicago's offer to acquire (the "Offer") all of the issued and outstanding
shares of Swift Power ("Shares"), as well as shares issuable upon exercise of
outstanding options, for $0.35 in cash for each Share. The board of directors of
Swift Power unanimously recommends that Swift Shareholders accept the Offer and
tender their Swift Shares to the Offer.


The Offer is being made pursuant to the terms of a pre-acquisition agreement
dated June 22, 2010 between Swift Power and Fort Chicago. The consideration
under the Offer represents a premium of 40% to Swift Power's closing price on
the TSX Venture Exchange (the "TSX-V") on June 21, 2010 and a premium of
approximately 62% to Swift Power's 20-day volume weighted average price on the
TSX-V for the 20 trading day period ending June 21, 2010. 


In addition, Swift Power has prepared and filed a directors' circular (the
"Directors' Circular") in accordance with Canadian securities law requirements.
As outlined in the Directors' Circular, the board of directors of Swift Power
has unanimously determined that the Offer is fair, from a financial point of
view, to the Swift Shareholders and is in the best interests of Swift Power and
the Swift Shareholders. The Directors Circular was mailed concurrently with the
Offer Documents.


Full details of the Offer are contained in the Offer Documents and the
Directors' Circular. Shareholders are encouraged to read the documents and to
consider the important information contained therein. Copies of the Offer
Documents and Directors' Circular along with other relevant documents are
available electronically under Swift's profile at www.sedar.com. The Offer is
open for acceptance until 4:30 p.m. (Calgary time) on August 9, 2010.


Fort Chicago has retained Computershare Investor Services Inc. to act as its
depositary in connection with the Offer.


Swift Shareholders who are in doubt as to how to respond to the Offer should
consult their investment dealer, stockbroker, bank manager, lawyer or other
professional advisors.


About Fort Chicago

Fort Chicago is a publicly traded limited partnership based in Calgary, Alberta,
that owns and operates energy infrastructure assets across North America. Its
Class A Units are listed on the Toronto Stock Exchange under the symbol FCE.UN. 


About Swift Power

Swift Power is based in Vancouver, BC and is engaged in the development of
run-of-river hydroelectric power projects. In April of this year, Swift Power
was awarded a long-term Electricity Purchase Agreement by BC Hydro for the
Dasque Cluster hydroelectric project. This 20 megawatt project is located near
Terrace, BC, and is planned to be in operation by late 2012, pending receipt of
necessary regulatory approvals. Swift Power holds rights to nine water licence
applications filed with the government of British Columbia regarding several
sites in BC. Additional information about Swift Power is available on the
Company's website at www.swiftpower.ca.


FOR FURTHER INFORMATION

Swift Shares should be deposited under the Offer with the depositary, being
Computershare Investor Services Inc. Shareholders should contact the depositary,
at 1-800-564-6253 or corporateactions@computershare.com, for assistance in
accepting the Offer and in depositing their Shares. Shareholders whose common
shares are registered in the name of an investment advisor, stock broker, bank,
trust company or other nominee should immediately contact that nominee for
assistance if they wish to accept the Offer in order to take the necessary steps
to be able to deposit such common shares under the Offer.


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 Documents. Swift Shareholders should read these materials carefully as
they contain important information, including the terms and conditions of the
Offer. The Offer Documents as well as the 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 the 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 Power is subject to risks and uncertainties which are
discussed in greater detail in filings made by Swift Power with the Canadian
securities regulatory authorities. 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.


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 Power 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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