Mr. Daniel Russell reports

SYNEX RENEWABLE ENERGY CORPORATION (FORMERLY, SYNEX INTERNATIONAL INC.) ANNOUNCES SIGNING OF 20-YEAR ELECTRICITY PURCHASE AGREEMENT

Synex Renewable Energy Corp. has signed a new 20-year electricity purchase agreement (EPA) through 2044 for its Mears Creek plant with BC Hydro. The EPA is subject to regulatory approval by the British Columbia Utilities Commission.

"Mears Creek plant has been providing electricity to the integrated grid on Vancouver Island for nearly two decades," said Daniel J. Russell, president and chief executive officer of Synex. "The successful negotiation of another 20-year EPA demonstrates the long-term viability of our power projects and we look forward to our future development of new projects in British Columbia with BC Hydro."

Mears Creek plant is a 3.8-megawatt run-of-river hydro project located near Gold River on Vancouver Island, British Columbia. Synex began operations for Mears Creek plant in January, 2004, when it was fully contracted under a 20-year EPA with BC Hydro that is set to expire in January, 2024.

The terms and conditions are consistent with BC Hydro's EPA renewal program and commercially similar to Synex's existing EPA with BC Hydro.

About Synex Renewable Energy Corp.

Synex is a Vancouver-based company engaged in the development, acquisition, ownership and operation of renewable energy projects in Canada.

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