Sprott Power Corp. Announces Proposed Partnership with Batchewana First Nation for its Goulais 25 MW Wind Farm

Sprott Power Corp. Announces Proposed Partnership with Batchewana First Nation 
for its Goulais 25 MW Wind Farm 


    --  Significant relationship with Batchewana First Nation advances
        the Goulais Wind Project
    --  First Nation funding sources would reduce Sprott Power's
        capital requirements for the project and enhances project
        revenues
    --  The proposed partnership is mutually beneficial by providing
        investment and other opportunities to the Batchewana First
        Nation and its members while being accretive to shareholders of
        Sprott Power

TORONTO, June 4, 2013 /CNW/ - Sprott Power Corp. (TSX: SPZ) ("Sprott Power" or 
"the Company"), an owner, operator and developer of renewable energy projects, 
today announced that it has executed a term sheet with the Batchewana First 
Nation that would provide Batchewana First Nation with a 49% partnership 
interest in the 25 MW Goulais Wind Farm located just north of Sault Ste Marie, 
Ontario. The proposed partnership and business relationship are subject to 
negotiation of final legal documentation.

The Goulais Wind Farm is a 25-megawatt renewable energy project that will be 
built along the Mile Hill approximately two kilometers from the end of the 
current Prince Wind Farm operation in Ontario. Sprott Power, through a 
subsidiary, has a 20-year Feed-in-Tariff contract with the Ontario Power 
Authority for the generation of power. It is expected that the Goulais Wind 
Farm will begin construction in the fall of 2013 and will be operational next 
summer.

"The addition of the Goulais Wind Farm to the original reserve will provide 
enhanced opportunities for the First Nation through income-generation, 
employment and training opportunities as well as business opportunities for 
Batchewana companies who can provide construction services," said Chief Dean 
Sayers of the Batchewana First Nation.

"We are very pleased to enter the business relationship with the Batchewana 
First Nation. Once the arrangements are put in place, we will have a 
significant and influential local partner for the project while enhancing the 
value for our shareholders," stated Jeff Jenner, President and CEO of Sprott 
Power Corp.

About Sprott Power Corp.

Sprott Power is a publicly-traded (TSX: SPZ) Canadian-based company dedicated 
to the development, ownership and operation of renewable energy projects. 
Through project development efforts, acquisitions, partnerships and joint 
ventures, Sprott Power provides its shareholders with income and growth from 
the renewable power generation sector of the energy industry.

Forward-Looking Statements

Certain information contained in this press release may constitute 
"forward-looking information" which reflects the current expectations of 
Sprott Power. This information reflects Sprott Power's current beliefs with 
respect to future events and is based on information currently available to 
management. Forward-looking information involves significant known and 
unknown risks, uncertainties and assumptions. Many factors could cause 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 information including, without limitation, the risks 
listed under the heading "Risk Factors" in the Company's Revised Annual 
Information Form dated April 2, 2013. Should one or more of these risks or 
uncertainties materialize, or should assumptions underlying the 
forward-looking information prove incorrect, actual results, performance or 
achievements could vary materially from those expressed or implied by the 
forward-looking information contained in this release. Although 
forward-looking information contained in this release is based upon what 
Sprott Power believes to be reasonable assumptions, management cannot assure 
investors that actual results, performance or achievements will be consistent 
with this forward-looking information. The forward-looking information is made 
as of the date of this release and Sprott Power does not assume any obligation 
to update or revise it to reflect new events or circumstances, except as 
required by law. 

Jeff Jenner, CA, CBV President and Chief Executive Officer Sprott Power Corp. 
416-943-6387 jjenner@sprottpower.com

Ross Marshall Investor Relations (416) 815 0700 ext. 238 
rmarshall@tmxequicom.com

SOURCE: Sprott Power Corp.

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CO: Sprott Power Corp.
ST: Ontario
NI: FIN VNT 

-0- Jun/04/2013 22:45 GMT


 
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