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Syntaris Power - Company Overview

• Unique power generation opportunity in British Columbia

– Long-term power shortage

– Strong government support and financing for renewables

– Topography and climate uniquely suited to hydro and run-of-river

• Strong pipeline of project bids and identified opportunities in BC, USA and beyond

– Three Tier 1 project bids submitted under BC Hydro’s Call for Clean Power – a combined 104 MW of capacity

– 38 additional projects with water license applications, total capacity of 536 MW

– Launched Evergreen Power Corp (US) over the summer. Goal of acquiring renewable assets in the US and other countries

– Evergreen currently has a major asset, Soule River in Alaska

– Evergreen is currently in negotiations for several renewable assets in the US and abroad.

• Co-development partnership with premier Canadian utility

– Strategic partnership with ENMAX Corporation (C$2.6 billion power utility) for co-development of run-of-river projects in BC.

• Strong team of management and technical talent

• Syntaris has completed an IPO/Equity engagement with Raymond James

Private, independent clean energy company with an emphasis on small scale hydroelectric power generation projects

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Objective: become leading developer of renewable energy in BC and

beyond

• Near-term Focus: Execution of projects bid upon in BC Hydro’s 2008 RFP

– 3 project bids: 104 MWs

– Projected after-tax IRR of 22%

• Medium-term Focus: Small hydro in BC- Begin Diversification strategy.

– 38 water license applications in 7 other areas

– 536 MWs of total capacity

– Diversification and expansion strategies in motion.

• Partnership with Enmax

– Calgary based energy utility serving over 1 million customers; $1.4 billion of shareholders’

equity

– Strong operating and financial partner which strongly increases bid probability.

• Formal Engagement with Raymond James to raise $50 million upon award of EPA

• Indicative project debt financing arrangements in place

Syntaris Power - Positioned to Succeed

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Opportunity: Power Shortage in BC

Gap = (40,000 GWh)

Electricity Shortage• No major capacity built in 20 years in BC

• Demand growth @ 2%-3% per annum

• BC imports 13%-18% of electricity

• 1 in 8 homes powered by imported electricity

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“ The BC Energy Plan sets out

a strategy for reducing our

greenhouse gas emissions and

commits to unprecedented

investments in alternative

technology”

Gordon Campbell, Premier of

British Columbia

• 2007 BC Energy Plan

– Be electricity self sufficient by 2016

– 33% reduction BC’s GHGs by 2020

• BC Hydro

– Canada’s 3rd largest electric utility

– Committed to 90% renewable power

– 2008 RFP for 5,000 firm renewable GWh’s

• Jan 2009 commitment to more if economically feasible

• First Nations

– Broadly committed to renewable energy

Strong Support for Renewable Power in BC

Syntaris Power Corp.

DeveloperCapital Finance

Asset Management

Pursuing The Syntaris Vision

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RENEWABLE ENERGY SECTOR

EPA AWARD

The Syntaris Vision is coming Together

PROJECT PARTNERS

IPO/EQUITY FINANCING

PROJECT FINANCE

PROJECT EXPERTISE

ENVIRONMENTAL ASSESSMENT

PROJECT CONSTUCTION

FINAL PERMITTING

GOVERNMENT SUPPORT

FIRST NATIONS

INVESTORS/SHAREHOLDER

COMMUNITY SUPPORT

OPPORTUNITY

VISION

PLANNING

LONG TERM GROWTH

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SYNTARIS’ BC RENEWABLE PORTFOLIO

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Syntaris Project Summary

2008 BC Hydro RFP

Kinskuch Lake 76 MW

Maselpanik Creek 13 MW

Culliton Creek 15 MW

Total CFP 2008 104 MW

Project Pipeline

Anderson Creek Cluster 40 MW

Downton Cluster 96 MW

Carpenter Cluster 52 MW

Observatory Cluster 45 MW

Marmont Cluster 77 MW

Glacier Cluster 29 MW

Ashwood Cluster 197 MW

Total 536 MW

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Kinskuch Lake Project

Located in the coastal region ofnorthern BC with seasonalstorage of approx 76 MW ofpotential energy.

Less than 42 km from main BC grid

First Nation signed LOI

BC Hydro 2008 Clean Call:Emax/Syntaris Bid Corp.

High Yield ROR

Culliton Creek Project

Located in the Squamish region ofBC with approx 15 MW of potentialnon-storage hydro energy.

Less than 17 km from main BC grid

Located only 60 km from Vancouverand 20 km north of Squamish

BC Hydro 2008 Clean Call:Emax/Syntaris Bid Corp.

High Yield ROR

Maselpanik Creek

Located between Chilliwack andHope with approx 13 MW of potentialnon-storage hydro energy.

Less than 2.8km from main BC grid

Located only 100 km from Vancouver

BC Hydro 2008 Clean Call:Emax/Syntaris Bid Corp.

High Yield ROR

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Syntaris Project Summary

Syntaris has submitted bids for the following projects:

The following projects available to Syntaris as part of BC Hydro’s Standing Offer program:

Project MWs

Annual Revenue

($mm)

NPV

($mm) a/t IRR DSCR

Kinskuch Lake 76 $50 $147 21% 2.0

Culliton Creek 15 $9 $25 23% 2.1

Maselpanik Creek 13 $8 $20 23% 1.9

CFP Total 104 $67 $192 22% 2.0

Project MWs

Annual Revenue

($mm)

NPV

($mm) a/t IRR DSCR

Chipmunk 10 $4 $5 17% 1.4

Airplane 5 $2 $2 16% 1.4

SOP Total 15 $6 $7 16% 1.4

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Early stage valuations would indicate a value of $3M per MW.

Greater than 70% of full value for projects with EPA & Full planning.

50-65% of full value for projects with EPA but w/o planning consent.

5-10% of full value for projects without EPA nor planning consent.

Key variables in DCF valuation are:

Cost of construction and accessibility of the site,

distance to hook up of existing transmission lines,

price bid under the call, interest costs for the debt financed element*

(*projects with equity backing from well financed business organizations with good credit ratings)

Valuation Estimates for Run of River Projects

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(through 2016, $ millions)

Sources Uses

Private Placement $70.0 Plant-level Equity $42.6

Payments from ENMAX $5.0 Staffing Costs $16.5

Project Development $7.1

Admin / Overhead $3.2

Consulting / Services $2.1

Business Development $1.3

Working Capital & Misc. $2.2

Total $75.0 Total $75.0

Sources / Uses

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Equity Tranches($ millions)

2009 $6.0

2010-2011 $36.5

2012 $27.5

Total $70.0

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Why Syntaris Power?

• Right Industry

• Right Management and Technical Team

• Right Partners

• Right Projects

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Syntaris Private Placement Summaries

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Private offerings under Offering Memorandum

Total $4 million available for Eligible Investors in 2 offerings by Offering memorandum expires November 29-2009 or EPA award and approval by Syntaris whichever is earlier:

2) $2 million unit offering @ $1.00 with Flow through (FTS) Canadian

eligible investors (projected at 100%)

3) $2 million unit offering @ $1.00 with (1/2 warrant option @$1.50

until March 31, 2010/Subject to right of call) for eligible investors

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THANK YOU!

QUESTIONS?

For more details

and updates

VISIT

www.syntaris.com

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Appendix

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Powerhouse

Houses turbines and

power generation unit.

Penstock

Steel pipe (usually

buried) drops water

to the powerhouse.

Tailrace

Water returned to source

Transmission

Lines

Weir

Small pond required to keep

penstock submerged.

Run of River Power

• Unlike traditional hydroelectric, run of river projects do not require damming

• Water is diverted from a river and sent into a pipe called a penstock; the penstock feeds the water downhill to a generating station

• The natural force of gravity creates energy required to spin turbines

• Water leaves the generating station and returns to the river without altering existing flow or water levels

• BC is arguably the most attractive region in Canada for ROR projects due to mountainous terrain and abundant rain

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Monthly Pricing by Time of Day In Yr 1 of Contract

$0

$20

$40

$60

$80

$100

$120

$140

$160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

($ p

er

MW

h)

Firm: Superpeak Firm: Peak Firm: Off Peak

Non-Firm: Superpeak Non-Firm: Peak Non-Firm: Off Peak

BC Hydro’s 2008 RFP Pricing

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Run of River vs. Other Electrical Generation

Power Generation in Canada (2006)

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Officers & DirectorsSyntaris Power Corp has assembled a superb and seasoned management team with an impressive global track record in the design, construction and operation of large scale hydro-electric power plants, biomass plants, co-generation plants and non energy large scale infrastructure projects.

Robert Fraser – President & CEOIsaac Moss – Chief Financial OfficerMichael Weiss – M.B.A.,VP Corporate FinanceBrent Waldie – P.Eng.,Senior VP Operations Michael Wise – P.Eng., M.B.A. ,VP Project DevelopmentKevin Boothroyd – V.P. Corporate Communications & Public AffairsGeorge Kahle – P.Eng., Director of Engineering

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Robert Fraser – President & CEO

Mr. Fraser has 25 years of experience in managing corporate operations. He has solid experience in the field of

marketing, project development, construction and financing. Prior to becoming president and CEO of Syntaris,

Mr. Fraser was the president of Galaxy Multimedia Corp. – a VOIP provider. He was responsible for managing

the corporation’s operation and also responsible for marketing and customer development. Mr. Fraser has held

various managing positions in several other technology companies. He also held a variety of positions during his

14 year tenure at Dunn & Bradstreet Canada, culminating as National Marketing Manager.

Isaac Moss – Chief Financial Officer

Mr. Moss has 22 years of diverse experience in the European and North American corporate finance and

investment banking market. From 1993 through 2000, he was associated with a mid market corporate finance

advisory firm in Geneva where he focussed on providing investment banking advisory services to client

companies in the hospitality, telecommunications, technology, chemical and industrial minerals, resource, forest

products and biotechnology sectors. From 1993 to 1996 Mr. Moss was President of an industrial minerals

company located in France. From 1997 to 2000, he consulted to an alternative forest products company and

advised on over $300 million in project finance for the construction of mdf manufacturing plants. Prior to joining

Syntaris in 2007, Mr. Moss completed a reorganisation of an oil and gas exploration company in Australasia. Mr.

Moss serves as a director of several companies.

Syntaris Officers & Directors

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Michael Weiss, M.B.A. – VP Corporate Finance

Mr. Weiss has over 15 years of experience as a financial consultant in the power industry. He was involved in

constructing proprietary financial models and detailed financial analysis for a number of independent power

projects. His clients included a number of large IPP’s, engineering firms and BC Hydro. Mr. Weiss was a

corporate finance associate with RBC Dominion Securities and Raymond James.

Brent Waldie, P.Eng. – Senior VP Operations

Mr. Waldie has over 35 years of senior management and supervisory experience in large scale civil engineering

construction projects in the transportation, energy and power, paper and pulp, mining and petrochemical

industries. Mr. Waldie has completed several large scale international projects and has a proven track record of

constructing first class facilities on time and on budget. His expertise lies in creative on-site problem solving for

complex, high-end applications and supply chain management. He is also an expert in estimating costs for large

industrial projects, with proven experience in construction contract negotiations.

Syntaris Officers & Directors

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Michael Wise, P.Eng., M.B.A. – VP Project Development

Mr. Wise has over 15 years of experience as a senior engineer on heavy civil construction pipelines, fibre-optic

lines, resource roads and transmission lines; and has broad understanding of project development, including

technical feasibility, regulatory and related environmental issues. He was involved in the several early stage

development of several small hydro, transmission and wind projects in the renewable energy sector. These

included working on the permitting and design team for Plutonic Power’s East Toba/Montrose projects, as well as

the early stage development of BC’s first wind farm and the first merchant electrical transmission line connecting

Canada with the US.

George Kahle – Director of Engineering

Mr. Kahle is a mechanical engineer with more than 30 years of experience in engineering, project management

and project development for power generation projects and other related industrial facilities in around the world.

Mr. Kahle has held a number of senior positions including project manager/technical director, director of

engineering and senior design engineer at several international energy developers. Prior to joining Syntaris

Power Corp., Mr. Kahle served as technical director and project manager to IG Power Inc., which is specialised

in the development and construction of power generation projects in Canada, the US and Europe.

Syntaris Officers & Directors

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Culliton

Creek

15 MW

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Maselpanik

Creek

13 MW

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Chipmunk

Creek

10 MW

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Kinskuch Lake Project

76 MW project in the

coastal region of

northern BC with

seasonal storage

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76 MW project in the

coastal region of

northern BC with

seasonal storage

Kinskuch Lake Project

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15 MW non-

storage hydro

project located

only 60 km from

Greater Vancouver

Culliton Creek Project

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Proposed multi-intake, non-

storage hydro projects

located only 100 km from

Greater Vancouver:

• Maselpanik 13 MW

• Chipmunk 10 MW (Standing Offer)

• Airplane 5 MW (Standing Offer)

Chilliwack Valley Cluster