Sprott Power Corp. Purchase of Wind Operating and Development Wind Energy Assets

TORONTO, ONTARIO, Feb 08 (MARKET WIRE) --
Sprott Power Corp. (TSX: SPZ) announces that it has completed the
previously announced purchase of 100% of the shares of Sky Generation
Inc. ("Sky Gen") and transferred the ownership of Sky Gen to a
wholly-owned subsidiary of Sprott Power Corp. Sky Gen operates three wind
energy projects in Ontario comprised of 13 turbines and an installed
capacity of 21.6 Megawatts (MW). The projects operate under long term
power purchase agreements with the Ontario Power Authority and Bullfrog
Power Inc. Further details on Sky Gen were contained in the Joint
Information Circular dated December 14, 2010.

In addition, Sprott Power Corp. has executed an asset purchase agreement
to acquire substantially all of the assets of the Amherst Wind Power LP,
including the 30 MW power purchase agreement with Nova Scotia Power Inc.

Sprott Power Corp. expects to close the Amherst acquisition within 60
days, subject to satisfaction of all remaining conditions to closing,
including receipt of required consents and approvals. Sprott Power
expects to complete the construction of the wind farm within 12 months of
closing the acquisition.

About Sprott Power Corp.

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

Forward-Looking Information

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 in this press
release includes, but is not limited to, information with respect to the
closing of the acquisition of the assets of Amherst Wind Power LP, the
timing of such closing and the construction of the wind farm.
Forward-looking information involves significant known and unknown risks,
uncertainties and assumptions, that could affect closing, the timing of
closing and the construction of the wind farm. 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, receiving the required consents for closing, other
conditions to closing are not satisfied, the timing and receipt of all
applicable regulatory approvals, having access to the necessary capital
to obtain project and other financing, labour restrictions and the risks
listed under the heading "Risk Factors" in the information circular of
Sprott Power dated December 14, 2010. 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.

Contacts:
Sprott Power Corp.
Jeff Jenner
416-943-6387
jjenner@sprottpower.com

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