ROR

VANCOUVER, Dec. 12, 2011 /CNW/ - The Squamish Nation and Run of River Power ("ROR Power" or "the Company") announced today that a long-term Impact Benefit Agreement (IBA) has been signed that supports the development of the Company's 25 MW Skookum Power Project. "We are proud to be working with the Squamish Nation on a project that will create clean, renewable power and provide a wide range of economic benefits to the Squamish community," commented Richard Hopp, President and CEO of Run of River Power. The specific terms of the IBA remain confidential; however the agreement provides revenue sharing and job opportunities for the Squamish Nation as well as protection of their cultural and heritage resources. Chief Ian Campbell stated, "The Squamish Nation acknowledges that Skookum Creek and the Skookum Power Project is located within the traditional territory of the Squamish Nation.  We have worked closely with Run of River Power ensuring our concerns around cultural and traditional uses of the area are considered. These are areas of great importance to our people since time immemorial, and we are pleased to work with companies that recognize the values and concerns of our Nation." "We value our working relationship with the Squamish Nation and we look forward to continued, mutual success," concluded Hopp. The Company formally signed a 40-year electricity purchase agreement for the Skookum Power Project with BC Hydro in May 2010. Construction is scheduled to begin in the second quarter of 2012, with commercial operation set for January 2014. When completed, it will be the Company's second operating hydroelectric power plant in BC. About Run of River Power Inc. ROR Power develops renewable, sustainable energy through its portfolio of clean energy projects. The company helps diversify BC's energy mix by providing a cleaner way to generate power and increasing the security of BC's energy supply.  ROR Power operates an Eco Logo© certified hydroelectric power generation station at Brandywine Creek, near Whistler, BC that provides green power for about 4,000 homes. The company is well positioned for profitable growth through power generation initiatives that include its 25 MW Skookum Power Project, awarded an Electricity Purchase Agreement by BC Hydro in 2010. ROR Power's total development potential is approximately 600 MW. Forward-Looking Statements Statements in this release which describe Run of River Power Inc.'s intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve unknown risks and uncertainties which may cause the actual results, performances or achievements of Run of River Power Inc. to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. Run of River Power Inc. may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws. 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. Run of River Power Inc. CONTACT: Richard W. Hopp Chief Bill WilliamsPresident and CEO Lead Negotiator Aboriginal Rights & TitleTel: 604-946-9232 Intergovernmental Relations, SquamishNationrhopp@runofriverpower.com consultation@squamish.net

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