Mr. Steven Scott reports

RAM POWER, CORP. ANNOUNCES PRICING OF PREVIOUSLY ANNOUNCED UNIT OFFERING

Ram Power Corp. has priced its previously announced offering of units being offered through a syndicate of underwriters led by Cormark Securities Inc. and including Raymond James Ltd., Jacob Securities Inc., National Bank Financial Inc. and Wellington West Capital Markets Inc.

The offering will consist of approximately 127.2 million units at a price of 55 cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable for one common share for a period of 36 months from the completion of the offering at a price of 72 cents per warrant, subject to earlier termination in the event that the 20-trading-day, volume-weighted average trading price of the common shares is equal to or greater than $1.08.

The company will grant to the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 9.8 million units for the purposes of satisfying overallotments, if any, and for market stabilization purposes.

The units are being offered by way of a short-form prospectus in all provinces of Canada, except Quebec, and on a private placement basis in the United States, pursuant to Rule 144A and/or Regulation D, as well as in other jurisdictions as may be determined by the company and the underwriters. A preliminary short-form prospectus in respect of the offering has been filed with and a receipt has been issued by the securities regulatory authorities in each of the provinces of Canada, other than Quebec. The company expects to file the final short-form prospectus in respect of the offering and sign an underwriting agreement with the underwriters during the week of May 9, 2011.

The company has applied to the Toronto Stock Exchange to list the warrants for trading on the TSX.

The net proceeds from the offering will be primarily used to finance the remaining equity requirements for the construction of the company's San Jacinto-Tizate project site near Leon, Nicaragua, and for working capital purposes.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX, the applicable securities regulatory authorities and ratification by the full board of directors of the company. The offering is expected to close later this month. A preliminary prospectus containing important information relating to the securities being offered in the offering has been filed with the securities commissions or similar authorities in each of the provinces of Canada, other than Quebec. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Susan Samila-Moroz (416-362-7485) of Cormark Securities. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

We seek Safe Harbor.