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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Swift Power Corp. Alexi Zawadzki President and CEO (604) 637-6393 (604) 688-4457 (FAX) www.swiftpower.ca Fort Chicago Energy Partners L.P. Stephen H. White President and CEO (403) 296-0140