Company Overveiw

Alaska Hydro Corporation is engaged in the development of renewable energy projects focused primarily on hydroelectric power generation for resource development in northern climates. Northern British Columbia is undergoing significant resource development with new mines and LNG plants in different stages of planning and construction. These projects, and others to follow, will require a long term reliable supply of power. Since the Northwest Transmission line does not have the capacity to meet all the potential demand for energy, significant opportunity exists for Projects that would provide much needed additional sources of energy at the end of a long and vulnerable transmission line.

Alaska Hydro Corporation was incorporated on October 16, 2006 (as Project Finance Corp.) under the British Columbia Business Corporations Act. The Company's shares are listed on the TSX Venture Exchange ("TSX-V") under the symbol "AKH" as a Tier 2 industrial issuer.

Alaska Hydro Corporation is currently working to develop the More Creek Hydroelectric Project (the “Project”) which will be located on More Creek which flows into the Iskut River approximately 130 km north of the town of Stewart in northwestern British Columbia. The Project will store water at the head of the More Creek canyon using an 84 m high roller compacted concrete dam to create a water storage reservoir. The anticipated size of the water storage reservoir will be approximately 3000 ha at full operating level with a live storage (useable) volume of approximately 870 million cubic meters.

The maximum output of the Project facility is estimated between 70-75 MW resulting in a project that would generate approximately 306 GWh of energy per year at the site. Water from the dam will be directed through the intake into to a 1000 m long tunnel to an above ground powerhouse where the water will pass through the generating units and discharge back to More Creek via a short canal. The Project will use a single wood pole 138 kV transmission line to interconnect to a point near Bob Quinn Lake. The energy generated will be sold to BC Hydro under a long-term energy purchase agreement to be negotiated.

Water storage created by the Project will be used to seasonally regulate the flows of More Creek through the powerhouse and ensure instream flow releases are provided to More Creek, downstream of the intake, year-round. An instream flow release will be provided to the diversion reach downstream of the intake to maintain fish and fish habitat in this section of More Creek. Fish screens will be installed at the intake, where required.

Road access to the Project will be by Provincial Highway 37 and will require approximately 11.5 km of access roads from the Highway including the construction of a 130 m bridge across the Iskut River.

Detailed information about the More Creek Hydroelectric Project can be found in the technical reports

Executive Management Team

Cliff Grandison - Interim President and Chief Executive Officer”

Mr. Grandison is currently a self-employed consultant has been consulting services since 1992. He is currently the CEO and a Director of Skyline Gold Corp., a TSX Venture Exchange listed company (since April 2000). He served as CEO and as a director of Coast Mountain Power Corp. from incorporation in November 2000 until September 2006. During that time, Coast Mountain completed its initial public offering as a CPC, completed its Qualifying Transaction, and was ultimately acquired by NovaGold Resource Inc. for aggregate consideration of $43.5 million.

Mr. Grandison also served as a director of Kimber Resources Inc., a company listed on the Toronto Stock Exchange and the NYSE Amex, from December 2003 to December 2006. Mr. Grandison received a Bachelor of Arts degree from the University of British Columbia in 1963.

Matthew Bell - Director & Co-Chairman

Mr. Bell has served as a board member of the Kake Tribal Corporation since 1997.

Board of Directors

Michael Hoole - Director

Mr. Hoole has been a self-employed consultant since March of 2008. From November 1999 to March 2008, Mr. Hoole served as Vice President and Secretary of Kimber Resources Inc., a company listed on the Toronto Stock Exchange and NYSE Amex . Mr. Hoole previously served as a director of Kimber Resources Inc. from April 2002 to October 2006 and as an officer of Kit Resources Ltd., a TSX Venture Exchange listed company from January 1998 to March 1999. Previously, during his carreer, Mr. Hoole served as a senior officer of a number of international mining and forest products companies. He is a member of the Law Society of British Columbia, having obtained his Bachelor of Laws from the University of British Columbia in 1968. He also holds a Bachelor of Commerce from the University of British Columbia obtained in 1967.

Chris Spens - Director

Mr. Spens has over 30 years of land use planning, regulatory and environmental science experience. He has worked in the hydropower industry since 2007. He provides regulatory feasibility analysis, strategic compliance planning and environmental impact assessment. He previously worked for the City of Bellingham for 16 years serving as Senior Planner, SEPA Official and Environmental Planner. He was the project manager for development of clearing, grading, wetland & stream, watershed protection and power generating facilities ordinances. Prior to the city, he worked 3 years for the Tulalip Tribes. Chris also ran his own marine manufacturing and repair business for 10 years. He has been involved in many aspects of natural resource management ranging from forestry and watershed protection to restoration of contaminated waste sites. Chris graduated from Western Washington University in 1983 with a Bachelor of Science degree in Freshwater Sciences.