Legend announces non-brokered private placement to raise $1,500,000

Legend Power Systems Inc. (TSX.V:LPS) (“Legend Power”) announces that it is proceeding with a non-brokered private placement of 3,750,000 units (the “Units”) at a price of $0.40 per Unit for total proceeds of $1,500,000 (the “Offering”). Each Unit will consist of one common share in the capital of Legend Power (a “Share”) and one-half of one common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to purchase one common share at a price of $0.60 per share for a period of 18 months from the closing of the Offering.

The Units will be made available by way of private placement exemptions in Canada under National Instrument 45-106 – Prospectus and Registration Exemptions and the Units may be offered in other jurisdictions where they can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Company may pay a finder’s fee on the Offering, in cash, Common Shares, Warrants or a combination thereof.

The proceeds from the Offering will be used for the rollout of the California sales program and the continuation of sales in the Canadian market.

For further information, please contact:

Gerry Gill, Chairman & CEO

Legend Power Systems Inc.

+ 1 604 420 1500



8618 Commerce Court

Burnaby, BC V5A 4N6

+1 604 420 1500