Burnaby, British Columbia – June 23, 2009 – Legend Power Systems Inc. (TSX.V: LPS) (the
Company” or “Legend Power”) announces that it has recently entered into a management consulting agreement (the “Consulting Agreement”) with Phoenix Alliance Corp. (“Phoenix”) of Vancouver, British Columbia.  Phoenix, a business consulting firm, has been retained to provide strategic planning, and financial and management consulting services (the “Services”) designed to assist in securing financing for Legend Power through one or more offerings (each an “Offering”).

As consideration for providing the Services, the Company has agreed to pay Phoenix an initial non-refundable payment of $25,000 (the “Initial Payment”), as well as additional payments, in proportion to the overall benefit received by Legend Power, of up to $825,000 in cash and up to 1,000,000 common shares in the capital of Legend Power (“Shares”).  All Shares issued pursuant to the Consulting Agreement will be at a deemed price per Share equal to the price at which the Shares are issued pursuant to the applicable Offering, and will be subject to a hold period ranging in length from four months plus one day from the date of issuance up to ten months plus one day from the date of issuance.  The payments by Legend Power to Phoenix, other than the Initial Payment, will be reduced by any fees or expenses payable to any licensed broker-dealer engaged by Legend Power.

The initial term of the Consulting Agreement is six months from May 28, 2009 (the “Term”), such term being automatically renewed for additional periods of one month each, provided that, at the time of renewal, (a) an Offering is then in progress, or (b) Phoenix has demonstrated to Legend Power’s reasonable satisfaction that progress has been made, and in each case Legend Power confirms the continuation of the Term.

The Exchange has accepted the terms of the Consulting Agreement.  In accordance with the Exchange’s policies, final Exchange acceptance of the issuance of Shares pursuant to the Consulting Agreement requires notice by Legend Power of each such issuance.

Legend Power has also entered into a finder’s fee agreement with Phoenix (the “Finder’s Fee Agreement”).  Pursuant to the Finder’s Fee Agreement and in accordance with the Exchange’s policies, Legend Power has agreed to pay Phoenix a cash fee equal to 5% of the value of the subscriptions paid by investors, in an Offering, who were introduced to Legend Power by Phoenix (the “Finder’s Fee”).  The Finder’s Fee will be reduced by any additional broker’s or finder’s fees or expenses paid by Legend Power in respect of the applicable Offering.

About Legend Power Systems Inc.

Legend Power Systems Inc. is a leading electrical energy conservation company that manufactures and markets a patented device to help commercial and industrial customers achieve significant energy savings through voltage optimization. Legend Power’s Electrical Harmonizer-AVR eliminates inefficiencies by delivering the optimal level of voltage a user needs.  Many customers receive higher voltage levels than required at certain points of the grid from electrical utilities delivering higher levels to compensate for line loss across the feeder length.  Higher than nominal voltage can affect the lifespan of electrical equipment and result in high monthly utility bills.  By delivering the optimal voltage to the user, Legend Power’s Electrical Harmonizer-AVR helps companies reduce their electricity bills, maintenance costs and greenhouse gas emissions while increasing the life of electrical equipment.  The technology also decreases capital and operating costs for electrical utilities.

Forward Looking Information

Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words “anticipates,” “believes,” “may,” “continues,” “estimates,” “expects,” and “will” and words of similar import, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, both nationally and in the regions in which the Company operates; history of losses and uncertainty of revenues; ability to obtain required financing; technology changes and/or market changes, including actual electrical billing rates; adequate protection of the Company’s proprietary rights; competition; changes in business strategy or development plans; and other factors referenced in the Company’s filings with Canadian securities regulators. Although the Company believes that expectations conveyed by the forward-looking statements are reasonable based on the information available to it on the date such statements were made, no assurances can be given as to the future results, levels of activity, performance or achievements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not assume the obligation to update any forward-looking statements except as otherwise required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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