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Sprott Power Corp. Appoints Glen Estill and David Rounthwaite to the Board of Directors

^{Published on 2011-03-21 04:40:16 - Market Wire}
 

TORONTO, March 21 /CNW/ - John Varghese, Chairman of Sprott Power Corp. ("Sprott Power" or "the Company") (TSX: SPZ), a developer, owner and operator of renewable energy projects, today announced  that it has appointed Glen Estill, founder of Sky Generation Inc. ("SkyGen"), and F. David Rounthwaite, former trustee of Northland Power Income Fund, to its Board of Directors.

"By adding Glen and David to our Board, we have augmented an already strong group of directors," said Mr. Varghese. "The deep industry experience and knowledge of our entire Board will serve the Company well as we work to advance our growth strategy."

"I am honoured to join the Board of Sprott Power," said Mr. Estill.  "With the combination of the proven track record of the management team and known financial performance of the operating assets, I believe the Company is well-positioned for growth."

"Sprott Power is a new market presence in renewable energy," said Mr. Rounthwaite. "With a unique combination of operating assets, quality development pipeline and experienced management, the prospects for the Company are bright. I am delighted to be working with Jeff and his team."

Mr. Estill is an experienced developer of wind construction projects, with a strong understanding of Ontario's electricity system and policy environment. He has over 25 years in management positions. Prior to founding SkyGen in 2000 Mr. Estill was the Vice President and Chief Financial Officer of EMJ Data Systems, a computer distributor which he co-founded. Mr. Estill has actively collaborated with industry players to influence government policies to favour wind energy at both Federal and Provincial levels and was elected President of Canadian Wind Energy Association from 2003 to 2004.

Mr. Rounthwaite has been practicing law since 1976 with an emphasis on securities and corporate governance law. He was an associate and partner at McCarthy Tétrault LLP until 2004, where his practice involved nuclear power generation as well as all aspects of renewable energy development, financing and operation. In 2004, he became president of a specialized financial services company. He resumed practicing law in 2007. From 1997 to 2010 he was a trustee of Northland Power Income Fund and was lead independent trustee in several transactions of that fund including its acquisition of Northland Power Inc. in 2009.

About Sprott Power Corp.
Sprott Power is a publicly-traded (TSX: SPZ) Canadian-based company dedicated to the development, owning and operating of renewable energy projects. Through acquisitions, partnerships and joint ventures, Sprott Power seeks to provide its shareholders with exposure to the renewable power generation sector. Sprott Power is managed by Sprott Power Consulting LP, of which Sprott Consulting LP, a business unit of Sprott Inc. (TSX: SII), is the sole limited partner.

Forward-Looking Statements
Certain information contained in this press release may constitute "forward-looking information" which reflect the current expectations of Sprott Power. This information reflects Sprott Power's current beliefs with respect to future events and are 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 and Uncertainties" in the Management Discussion and Analysis of Financial Results dated March 14, 2011. 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.