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File: NR-2016-12-07 AKH - NR Option Grants  Dec 7 2016 FINAL.pdf

                                                                                 ALASKA HYDRO CORPORATION
                                                                                              2633 Carnation Street
                                                                                     North Vancouver, BC V7H 1H6

                                                                                            TSX Venture Exchange: AKH



                                         NEWS RELEASE
                           NOT FOR DISSEMINATION IN THE UNITED STATES

   ALASKA HYDRO ANNOUNCES RESULTS OF AGM AND GRANT OF STOCK OPTIONS


December 7, 2016   Vancouver, British Columbia  Cliff Grandison, President of Alaska Hydro
Corporation, (the "Company") announced that November 24, 2016 the shareholders of the Company re-
elected all of the directors of the Company and passed all resolutions presented to the meeting, including
the amendments to the Company's stock option plan all as outlined in the Company's Information
Circular.

On December 6, 2016 the TSX Venture Exchange accepted the filing of the Company's amended stock
option plan. A total of 340,000 options were granted to six (6) directors, one (1) officer and one (1)
consultant following acceptance of the filing. The directors of the Company have received no
compensation other than stock options since 2011.

For further information, please contact:


Cliff Grandison, Interim President and Chief Executive Officer
(604) 929-3961


Certain statements contained in this release may constitute forward-looking information. These statements may relate t
--->o
future events or future performance, including receipt of a water licence in respect of the proposed project, receipt 
--->of land
tenure in respect of lands relating to the proposed project, completion of a preliminary economic assessment, environm
--->ental
assessments, prefeasibility and feasibility studies and project financing, receipt of TSX Venture Exchange acceptance,
---> receipt of a
satisfactory outcome in consultations with First Nations, receipt of applicable permits, anticipated project developme
--->nt
timelines and anticipated demand for hydro electricity. The use of any of the words "could", "intend", "expect", "beli
--->eve",
"will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical fa
--->cts are
intended to identify forward-looking information and are based on the Company's current belief or assumptions as to th
--->e
outcome and timing of such future events. Actual future results may differ materially. Any forward-looking information
contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forwa
--->rd-looking
information, whether as a result of new information, future events or otherwise, except as required by applicable secu
--->rities laws.
Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information contained here
--->in.

Neither the 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.