BPU

Boss Power Corp. (TSX VENTURE:BPU) ("the Company") is pleased to announce that
it is working collaboratively with the Province of British Columbia to finalize
the closing of the settlement announced October 20th, 2011 in the matter of the
expropriation of the Blizzard Uranium Properties east of Kelowna. The material
terms of the settlement include a payment to Boss Power Corp. of $30,000,000
plus taxable costs and disbursements in return for the surrender or transfer of
the Blizzard Uranium Properties.


The company has clear title to the Blizzard Mineral Claim which hosts a
well-known uranium resource subject of a detailed positive engineering
evaluation by Kilborn Engineering in the late 1970s. On May 30, 2007 the Company
filed an NI 43-101 compliant Technical Report on the Blizzard deposit prepared
by Dr. Peter A. Christopher, Ph.D., P.Eng., in which the Kilborn historical
reserve calculation of 2.2 million tonnes grading 0.214 percent U3O8, using a
cut-off grade of 0.025% U3O8 and 15% mining dilution (for an estimated 10.4
million pounds of U3O8) was re-classified into an indicated and inferred
resource to reflect current usage. The negotiated settlement of the lawsuit was
predicated on detailed technical valuations of this resource.


As the parties worked towards finalizing the settlement it became apparent that
a third party interest existed in properties peripheral to the Blizzard Mineral
Claim and which the Province required surrendered in addition to the tenures
owned outright by the Company. These properties are held in trust by the
Company's subsidiary Blizzard Uranium Corp. as part of the original acquisition
of the surrounding tenures. The Company has now made reasonable commercial
efforts to compensate the tenure holder for his interest in these claims which
are not known to host any proven mineral resource. No compensation has been
agreed upon.


The company has now gained the support of the Province to refer the matter of
these peripheral mineral claims and all other potential claims that may exist
against the collective Blizzard Uranium Properties to mediation.


The Company has advised potential claimants that royalties have been frustrated
by the government expropriation.


Boss Power Corp. has taken tax advice as to the application of the proceeds of
the settlement and is actively seeking resource project acquisitions to build
shareholder value.


The technical information in this news release has been reviewed by Randy
Rogers, P.Geol., Boss Power's President and CEO and a Qualified Person as
defined by National Instrument 43-101.


On Behalf of the Board of Directors

Boss Power Corp.

Randy Rogers, M.Sc., P.Geo., President & CEO

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