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Flow Through Share Offering
October 2010
Forward‐Looking Statement Disclaimer
All potential Investors should read the Offering Memorandum.
Certain statements in this Offering Memorandum are forward-looking statements, which reflect our management’s expectations
regarding our future growth, results of operations, performance and business prospects and opportunities.
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans,g p y g y g g p
expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the
events anticipated by the forward-looking statements will occur or, if they do occur, what benefits we will obtain from them. These
forward-looking statements reflect management’s current views and are based on certain assumptions and speak only as of June
23, 2010. These assumptions, which include, management’s current expectations, estimates and assumptions about our current
operations, the economic environment, the market price and demand for electricity and clean power and our ability to manage ouroperations, the economic environment, the market price and demand for electricity and clean power and our ability to manage our
projects under development and operating costs, may prove to be incorrect.
A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the
forward-looking statements, including: (1) a downturn in general economic conditions, (2) the uncertainty of government
regulation and politics in British Columbia regarding clean power, (3) denial of the Corporation’s bids in BC Hydro’s Call for
Power (4) a decreased demand or price for clean power (5) delays in the start of projects (6) inability to locate and acquirePower, (4) a decreased demand or price for clean power, (5) delays in the start of projects, (6) inability to locate and acquire
additional projects, (7) potential negative financial impact from regulatory investigations, claims, lawsuits and other legal
proceedings and challenges, (8) adverse public opinion regarding run-of-river power projects, and (9) other factors beyond our
control.
There is a significant risk that such forward-looking statements will not prove to be accurate. Investors are cautioned not to place
undue reliance on these forward looking statements No forward looking statement is a guarantee of future results Except asundue reliance on these forward-looking statements. No forward-looking statement is a guarantee of future results. Except as
required by law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Additional information about these and other assumptions, risks and uncertainties are set out
in the section entitled “Risk Factors” found in Offering Memorandum.
2
Flow‐Through Shares
What is a Flow Through share?What is a Flow-Through share?
Flow-through shares are common shares of a resource company which provide flow-through tax deductions to investors.
Resource companies issue flow-through shares to attract capital for exploration and development. Resource companies
"flow through" eligible Canadian Exploration Expenses (CEE) and Canadian Development Expenses (CDE) to theirg g p p ( ) p p ( )
flow-through share investors. Shareholders can deduct these flow-through expenses against their taxable income.
Why does the Government of Canada provide investors with a flow-through tax deduction?
The Government of Canada recognizes the economic benefits of the exploration for, and development of, Canada’s
natural resources and encourages investment with a flow-through tax deduction for investors. Originally, flow-through
shares were only deductible against resource income, however, in 1983 the federal government changed legislation
which allowed qualifying flow-through expenses to be deductible against other income. In recent years, the federal
government and some provinces have introduced additional tax incentives for investors purchasing certain flow-through
shares issued by Canadian mining companies to provide additional incentive for investment in Canada’s mining industry.
What are the tax benefits?
From a tax deduction perspective, the investor receives the same tax benefit as making an RRSP contribution, but the
difference is that a flow-through investment is purchased outside a registered plan.
3
From PROFIT magazine, September 2006
There aren't many legitimate tax shelters for high-incomeThere aren't many legitimate tax shelters for high-income
Flow-through shares offer the prospect of high rewards at high risk
-but the tax breaks can make it all worthwhile.
y g g
entrepreneurs, let alone many that offer the potential for lucrative
returns. But that's the promise of flow-through shares. Issued by
Canadian companies in the energy or mining sectors to raise funds for
exploration, flow-through investments give investors juicy tax breaks
d h i f i l i i b d di i
y g g
entrepreneurs, let alone many that offer the potential for lucrative
returns. But that's the promise of flow-through shares. Issued by
Canadian companies in the energy or mining sectors to raise funds for
exploration, flow-through investments give investors juicy tax breaks
d h i f i l i i b d di iand the opportunity for capital appreciation based on new discoveries
and rising commodity prices. “
Flow-through shares offer federal and provincial tax deductions of
100% of the investment. An investor with a marginal tax rate of 46%
and the opportunity for capital appreciation based on new discoveries
and rising commodity prices. “
Flow-through shares offer federal and provincial tax deductions of
100% of the investment. An investor with a marginal tax rate of 46%100% of the investment. An investor with a marginal tax rate of 46%
who purchases $10,000 in flow-through shares will garner a tax benefit
of $4,600, cutting the real cost of the investments to $5,400. When the
shares are sold, the 50% inclusion rate on capital gains will mean a tax
hit of 23%. Investors who purchase "super" flow-through shares
100% of the investment. An investor with a marginal tax rate of 46%
who purchases $10,000 in flow-through shares will garner a tax benefit
of $4,600, cutting the real cost of the investments to $5,400. When the
shares are sold, the 50% inclusion rate on capital gains will mean a tax
hit of 23%. Investors who purchase "super" flow-through shares
(shares in qualifying junior mining companies engaged in grassroots
mineral exploration) may be eligible for an additional 15% tax credit.
By Camilla Cornell
(shares in qualifying junior mining companies engaged in grassroots
mineral exploration) may be eligible for an additional 15% tax credit.
By Camilla Cornell
4
Financial Post Magazine
W t b t th TW t b t th TWays to beat the TaxmanWays to beat the Taxman
RRSPsRRSPs RESPsRESPs
• Who Can Use It
Just about anyone — but they’re most useful for
employees in high tax brackets.
• How Does It Work
• Who Can Use It
Just about anyone — but they’re most useful for
employees in high tax brackets.
• How Does It Work
• Who Can Use It
Parents, relatives and friends of young children.
• How Does It Work
Registered education savings plans are usually thought
• Who Can Use It
Parents, relatives and friends of young children.
• How Does It Work
Registered education savings plans are usually thought• How Does It Work
The run-of-the-mill registered retirement savings plan
(RRSP) is still the most common tax-reduction
mechanism. Annual contributions — limited to 18% of
your last year’s income up to $19,000 (depending on
• How Does It Work
The run-of-the-mill registered retirement savings plan
(RRSP) is still the most common tax-reduction
mechanism. Annual contributions — limited to 18% of
your last year’s income up to $19,000 (depending on
Registered education savings plans are usually thought
of as a way to fund your kids’ post-secondary
education, but the personal savings can be significant
— even if your kids don’t go to college or university.
Family and friends can contribute up to $50,000 for
Registered education savings plans are usually thought
of as a way to fund your kids’ post-secondary
education, but the personal savings can be significant
— even if your kids don’t go to college or university.
Family and friends can contribute up to $50,000 for
your pension) — are fully deductible. Better yet, your
investments grow tax-deferred until they’re withdrawn
(by age 71, at the latest). Typically, retirees earn less
annual income, so their RRSP withdrawals are taxed at
a lower rate This year’s deadline is Feb 29 but
your pension) — are fully deductible. Better yet, your
investments grow tax-deferred until they’re withdrawn
(by age 71, at the latest). Typically, retirees earn less
annual income, so their RRSP withdrawals are taxed at
a lower rate This year’s deadline is Feb 29 but
each child, either upfront or in annual instalments.
There’s no tax refund, but growth within the RESP is
tax-deferred for up to 26 years. If the kids use the
funds, they’ll get a federal top-up grant worth 20% of
the contributions (up to $7 200) If not parents benefit
each child, either upfront or in annual instalments.
There’s no tax refund, but growth within the RESP is
tax-deferred for up to 26 years. If the kids use the
funds, they’ll get a federal top-up grant worth 20% of
the contributions (up to $7 200) If not parents benefita lower rate. This year s deadline is Feb. 29, but
unused contribution room can be carried forward.
• Risk of Reassessment
Practically nil.
a lower rate. This year s deadline is Feb. 29, but
unused contribution room can be carried forward.
• Risk of Reassessment
Practically nil.
the contributions (up to $7,200). If not, parents benefit
from the tax-deferral.
• Risk of Reassessment
Very low.
the contributions (up to $7,200). If not, parents benefit
from the tax-deferral.
• Risk of Reassessment
Very low.
5
David Dias, Financial Post Business, Tuesday, Feb. 5, 2008
Flow‐Through Shares
Wh t ki d f h lifi ?Wh t ki d f h lifi ?
• Shares must be newly issued and have attributes generally attached to common shares
of the PBC
What kind of share qualifies?What kind of share qualifies?
of the PBC
• Issuer must provide 80%-100% of qualifying development expenses to investors
• FTSs include a right to purchase FTSs, usuallyFTSs include a right to purchase FTSs, usually
known as flow-through warrants (FTWs)
• Prescribed shares do not qualify as FTSs
• Company may issue shares through private
placement or public offerings
6
Flow‐Through Shares
T F f I t t I Fl Th h ShT F f I t t I Fl Th h Sh
• Direct:
Purchase FTSs from a principal business corporation (PBC); or
Two Forms of Investment In Flow-Through Shares:Two Forms of Investment In Flow-Through Shares:
Purchase FTSs from a principal-business corporation (PBC); or
• Indirect:
Purchase an interest in a partnership (including limited partnership) that purchases FTSs
from one or more PBCsfrom one or more PBCs.
7
Flow‐Through Shares
Significant Tax Advantage:Significant Tax Advantage:
$10,000 FTS investment:
Cl i f ll $10 000 t t *
Significant Tax Advantage:Significant Tax Advantage:
• Claim a full $10,000 on your tax return*
• 40% tax bracket equates to a $4,000 tax return for that year*
October 2000, Feds introduced a 15% non-refundable tax credit
Some provinces and territories instituted their own tax credit (in addition to the
existing 100%):
• 5% in Ontario• 5% in Ontario
• 20% in B.C.
• 10% in Manitoba and Saskatchewan
These credits in addition to an existing 100% deduction on eligible
exploration/development expenditures (federal)
Note: The 15% + tax credit program is set to expire on March 31, 2011
8
*Assumes full eligibility for tax breaks
Flow‐Through Shares
O i OM Fl Th h ShO i OM Fl Th h Sh
• Flow Through Share (FTS) Unit offering
Overview OM – Flow Through SharesOverview OM – Flow Through Shares
• Individuals or corporations
• 2 million shares total (Cdn $2,000,000)
• Cdn $1.00 per flow-through share
• Projected 100% expense flow through
• Closing on or before November 15, 2010
• Min subscription is Cdn $2500
• TFSA -RRSP eligible*
*for 2010 must complete before December 31, 2010
9
Flow‐Through Shares ‐ Mitigating Risk
Y l t t i t f i t t d STILL tY l t t i t f i t t d STILL t
The following outlines loss limits by tax bracket:
You can lose up to a certain percentage of your investment, and STILL come out
even due to the tax breaks.
You can lose up to a certain percentage of your investment, and STILL come out
even due to the tax breaks.
g y
• 50% tax bracket – 66% of original investment
• 40% tax bracket – 75% of original investment
• 30% tax bracket 81% of original investment• 30% tax bracket – 81% of original investment
• 20% tax bracket – 89% of original investment
10
Flow‐Through Shares
H D Fl th h h W k?H D Fl th h h W k?
The FTS program provides tax incentives to investors by allowing:
How Do Flow-through shares Work?How Do Flow-through shares Work?
• Deductions for resource expenses renounced by eligible corporations; and
• Investment tax credits for individuals (excluding trusts) on resource expenses in the
natural resource or renewable energy sector that qualifies as flow-through miningnatural resource or renewable energy sector that qualifies as flow through mining
expenditures
• In order for an investor to benefit from flow-through, the company must spend
flow-through dollars on resource exploration or development in Canada.flow through dollars on resource exploration or development in Canada.
11
Company Overview
12
S t i i V b d itt d t i
Introduction
Syntaris’ objective is to become a leading developer of small hydro projects in the Pacific Northwest.
Syntaris is a Vancouver-based green energy company committed to sourcing,
developing and operating clean, renewable hydroelectric projects.
Syntaris objective is to become a leading developer of small hydro projects in the Pacific Northwest.
The Company is aggregating a sizable portfolio of run-of-river hydro development projects.
With its strategic relationships and a growing development portfolio, Syntaris is well-positioned to participate in
the growth of the hydro industry in the Pacific Northwest.
The Company is in the process of building a premier run-of-river (“RoR”) power development portfolio of geographically
diverse, high quality, small hydroelectric (“hydro”) energy projects throughout British Columbia (“BC”), Canada and Alaska.
The Company is well positioned to realize the benefits of the recently announced BC Standing Offer Program (“SOP”)
which supports the development of clean energy in BC. The equity capital sourced in this offering will serve to further the
development of the clean energy opportunities described in this Overview and enable the Company to submit up to
263 MW i t th St di Off P th t 3 4263 MW into the Standing Offer Program over the next 3-4 years.
Financial Model and Electronic Data Room access will be provided to interested parties following the execution of a
Confidentiality and Non-Disclosure Agreement (“NDA”).
13
Introduction Footprint
Syntaris Power Corp
Introduction Footprint
Formed in 2006 and headquartered in Vancouver, Canada,
Syntaris is a private development stage company focused on
sourcing, developing and operating clean, renewable
run-of-river hydro projects in British Columbia.
The development team has aggregated an impressive
portfolio which includes a 15 MW of contracted,
near-construction hydro project, 158 MW of near-term hydro
projects, and 449 MW of mid-term and early-stage hydro, and
other projects. Over 263 MW is expected to be eligible to bidp j p g
into the BC Standing Offer Program.
Syntaris maximizes the amount of generation per dollar
invested by building run-of-river projects on steep terrain with
a large elevation drop to minimize the amount of pipe
required, and significantly reduce construction costs.q , g y
Projects are structured in “clusters” located close to existing
transmission infrastructure which reduces the cost burden for
each project.
Directors, corporate officers, independent shareholders and a
strategic co-development partner have funded Syntaris tostrategic co development partner have funded Syntaris to
date.
The Run-of-River Power Advantage
14
RoR allows Syntaris to utilize a “cluster” approach to develop its portfolio by structuring
development projects in “clusters” located close to existing transmission infrastructure
thereby leveraging the infrastructure of several projects to minimize costs and increase
returns.
ENMAX S ntaris Bid Corp formed as a
Company History 
 January 2007: Company begins
identifying small hydro power as the
most promising form of green power
in BC
 ENMAX Syntaris Bid Corp. formed as a
strategic partnership with ENMAX
Corp. on Culliton Creek, Kinskuch
Lake, and Maselpanik Creek
 Fort Chicago acquires
ENMAX stake in Culliton
Creek
 Anticipated BC
 May 2009: Enters into
strategic agreement with
Evergreen Power Corp.
 Acquires and develops additional
assets and submitted
applications related to hydro
projects throughout BC
Hydro final SOP
pricing and
structure
2006 2007 3Q 10 4Q 101Q 10 2Q 102007 2008 2009
 August 2010: Purchases certain assets related
 September 2, 2008: Company
changes its name to Syntaris
Power Corp.
 Awarded electricity
 Submission of the
development plan
for Culliton
 August 2010:
Merger of Syntaris
/ Evergreen
Purchases certain assets related
to the development of RoR hydro
projects in the Chilliwack Valley
 December 28, 2006: “Max
 Awarded electricity
purchase agreement
(“EPA”) for Culliton Creek in
the Clean Power Call
Request for Proposals
(“RFP”) process
1515
Pacific Power Inc.” is
incorporated
Syntaris has a diversified portfolio of run-of-river small hydro projects
Diversified Portfolio
y p y p j
in the highly attractive Pacific Northwest market.
Diversified Portfolio Portfolio Overview
Strategically located project sites across British Columbia and Alaska which
benefit from significant renewable energy generation opportunities
facilitated by aggressive government‐mandated renewable standards and
offtake programs.
Location  Gross MW 
Contracted Near‐Construction  BC  15
Near‐Term SOP Eligible BC 82
British Columbia Run‐of‐River (“RoR”) Hydro 
Location  Gross MW 
Contracted Near‐Construction  BC  15
Near‐Term SOP Eligible BC 82
British Columbia Run‐of‐River (“RoR”) Hydro 
Contracted 15 MW Culliton Creek project is near construction and has a
projected after-tax levered IRR of 25%.
Company has 26 accepted water license applications in 9 areas with a
corresponding development plan to submit 263 MW of project assets into
Near Term SOP Eligible   BC  82
Mid‐Term SOP Eligible  BC  181
263
Near‐Term RFP Eligible BC  76
Mid‐Term RFP Eligible BC  56
SOP Eligible Hydro:
Near Term SOP Eligible   BC  82
Mid‐Term SOP Eligible  BC  181
263
Near‐Term RFP Eligible BC  76
Mid‐Term RFP Eligible BC  56
SOP Eligible Hydro:
corresponding development plan to submit 263 MW of project assets into
the BC Standing Offer Program over the next 2-4 years. The company is
also aggressively investigating another 45 MW of project opportunities in
nearby or adjacent areas that show promising generation potential.
Access to additional renewable energy projects outside conventional hydro,
Total RFP Eligible Hydro:  132
Early‐Stage Prospects BC  45
Non‐Core Hydro Assets / Prospects BC 92
Total RoR Hydro:  547
Total RFP Eligible Hydro:  132
Early‐Stage Prospects BC  45
Non‐Core Hydro Assets / Prospects BC 92
Total RoR Hydro:  547gy p j y
including Pump Storage, through strategic initiatives or corporate
partnerships.
Location  Gross MW 
Soule River AK  75
Total Other Hydro:  75
Other Hydro 
Location  Gross MW 
Soule River AK  75
Total Other Hydro:  75
Other Hydro 
16
Total Development Portfolio 622Total Development Portfolio 622
Provincial Overview: British Columbia
BC Hydro’s Supply / Demand OutlookBritish Columbia Installed Capacity (2009)
Natural gas
Hydro
11,712 MW
91%
Natural gas 
fired
1,043 MW
8%
Wind
104 MW
1%
Key OpportunitiesKey Market Drivers
Source: Canadian Centre for Energy. Source: BC Hydro.
 BC government stated that 90% of the province’s electricity
supply will come from renewable energy.
 Currently hydro generation provides 91% of BC’s electricity,
mostly from large storage dams.
 According to the 2007 BC Energy Plan 2007, the private
t (IPP ) d t BC H d ill d l
 In June 2008, BC Hydro issued a call for 5,000 GWh of
clean power and received 17,000 GWh in bids. 3,266 GWh
total awarded in 2010.
 Standing Offer Program awarded to qualifying generators
with capacity >500 kW and <15 MW where output will be
h d b BC H d d l t El t i itpower sector (IPPs), and not BC Hydro, will develop new
sites in BC (with the exception of Site C).
 Legislated reductions of 33% of GHG emissions by 2020
and imposed a carbon tax.
 Government aims to be energy self-sufficient by 2016.
 No major capacity additions since 1984; however, new
purchased by BC Hydro under long-term Electricity
Purchase Agreement.
 Strong export opportunities with connections to Alberta and
the U.S., with framework supported by the recent Clean
Energy Act of BC.
 Integrated Resource Plan is under development as a
17
capacity additions are planned for Mica and Revelstoke
Dams (this additional capacity will not provide more annual
energy, but will support additional renewable energy
production from IPPs).
government priority to stimulate BC renewables for export.
 There may be interest from California to purchase
renewable energy from BC to satisfy Renewable Portfolio
Standards (“RPS”) requirements.
 Planning the use of BC renewables in the WREZ process.
Source: BC Hydro.
Source: BC Hydro.
Hydro in British Columbia
BC Installed Hydro Electric PlantsHydro Overview
 Canada’s Pacific coastal strip has rainfall in excess of
2,000mm a year (common to only 5% of the earth’s
surface), and up to 4,000mm a year in coastal areas.
 BC generates approximately 91% of its electricity from
BC Installed Hydro Electric PlantsHydro Overview
g pp y y
hydro power.
• 72 hydro electric generating stations.
• 11,700 MW of installed hydro capacity.
• Most capacity from large BC Hydro storage
f ilitifacilities.
 Small hydro is the most prevalent IPP technology in
BC and expected to remain the most popular going
forward.
• 400 water license applications filed since 2000.
• Low cost, modest transmission upgrades.
 In 2007, BC Hydro and BC Transmission Corporation
(“BCTC”) commissioned Kerr Wood Leidal Associates
BC Hydro Potential
Source: Canadian Centre for Energy.
( BCTC ) commissioned Kerr Wood Leidal Associates
LTD to assess the run-of-river hydro resources for the
province. Key findings of the resulting report were as
follows:
• Identified over 8,000 potential run-of-river hydro
sites throughout BC.
1818
• Capacity of more than 12,000 MW and 50,000GWh
per year of small hydro projects in BC.
Source: Kerr Wood Leidel Associates.
RoR Development Pipeline
Stream  Water 
Site Location % Ownership Gross MW Site Control
Hydrology / 
Feasibility
Gauge 
Installed
License 
Application
Development 
Plan
SOP 
Application EPA Award
Commence 
Construction Potential COD
Contracted ‐ Near‐Construction
Culliton Creek BC 50% 15            Crown Land Complete Sep 2002 Accepted Aug 2010 N/A  Mar 2010 Jan 2010 Apr 2013
Subtotal 15             
Core Prospects 
Kinskuch Lake
1 BC 100% 76              Crown Land Complete Jul 2008 Accepted Dec 2012 N/A Aug 2012 Aug 2014 Mar 2018
Maselpanik Creek
1 BC 100% 15              Crown Land Complete Oct 2006 Accepted Nov 2011 Jul 2012 Jan 2013 Mar 2013 Nov 2014
Chilliwack Cluster Chipmunk BC 100% 5              Crown Land Complete Oct 2007 Accepted Apr 2011 Dec 2011 Jun 2012 Aug 2012 Apr 2014
Airplane BC 100% 3              Crown Land Complete Oct 2007 Accepted Apr 2011 Dec 2011 Jun 2012 Aug 2012 Apr 2014
Marmot Cluster Marmot Creek BC 100% 15              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014
Upper Marmot Creek BC 100% 12              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014
Kate Ryan Creek BC 100% 15              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2013 Jan 2014 Sep 2015
Glacier Cluster Roosevelt Creek BC 100% 8                Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014
Glacier Creek BC 100% 9                Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014
Jade Lake Cluster Jade Lake BC 100% 15            Crown Land Complete Jul 2008 Accepted Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016
Near‐Term
p p p
ZZ‐4 Creek BC 100% 8              Crown Land Complete Jul 2011 Accepted Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016
Tchitin Creek BC 100% 12            Crown Land Complete Jul 2011 Pending Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016
Glacier Cluster Barney Creek BC 100% 6                Crown Land Complete Aug 2010 Accepted Sep 2013 May 2014 Nov 2014 Jan 2015 Sep 2016
Anderson Cluster Anderson River BC 100% 10            Crown Land Complete Oct 2007 Accepted Nov 2012 Jul 2013 Jan 2014 Mar 2014 Nov 2015
Marmot Cluster Bulldog Creek BC 100% 8                Crown Land Complete Aug 2010 Accepted Sep 2012 May 2013 Nov 2013 Jan 2014 Sep 2015
Georgie Creek BC 100% 12              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
E Georgie Creek BC 100% 14              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
ZZ‐5 Creek BC 100% 8              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
Ashwood Lake 
Cluster
m
g
ZZ‐6 Creek BC 100% 5                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
Ashwood Lake BC 100% 15              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
Wait Creek BC 100% 8                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
ZZ‐7 Creek BC 100% 5                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015
Carpenter Cluster Tommy Creek BC 100% 15              Crown Land Complete Oct 2010 Accepted Mar 2012 Nov 2012 May 2013 Jul 2013 Mar 2015
Keary Creek BC 100% 10              Crown Land Complete Oct 2010 Accepted Mar 2012 Nov 2012 May 2013 Jul 2013 Mar 2015
Downton Cluster Nichols Creek BC 100% 15              Crown Land Complete Oct 2010 Accepted Jul 2012 Mar 2013 Sep 2013 Nov 2013 Jul 2015
id i % d l d /
Mid‐term
Bridge River BC 100% 56            Crown Land Complete Oct 2010 Accepted Sep 2014 N/A Oct 2013 Jan 2015 Sep 2016
McParlon Creek BC 100% 15            Crown Land Complete Oct 2010 Accepted Jul 2012 Mar 2013 Sep 2013 Nov 2013 Jul 2015
Alaska Hydro 
Gateway
Soule River Alaska 85% 75               National 
Forest 
Complete Nov 2007 N/A Oct 2010 
(FERC)
N/A Dec 2012 Apr 2013 Jun 2015
Subtotal 470          
Early Stage Prospects
2 BC 45            more than 50% complete
Non‐Core Hydro Assets / Prospects
2 BC 92           
1919
TOTAL HYDRO ASSETS        622 
1) Fort Chicago has the option to purchase up to 50% of the Kinskuch Lake project up to EPA and an option to purchase 50% of the Maselpanik Creek project until the transmission performance security is due.
2) Refer to Exhibit E for a list of Early Stage Prospects and Non‐Core Hydro Assets / Prospects.
Canadian Hydro Overview
 Canada is one of the largest producers of hydroelectricity in the world producing about 13% of the world’s Canada is one of the largest producers of hydroelectricity in the world, producing about 13% of the world s
total.
 Hydropower accounts for 97% of Canada’s renewable electricity generation, and 60% of Canada’s total
electricity generation (3 times the global average).
77% f l t i it “ l ” (i iti ti t i t 90% b 2020) 77% of electricity sources are “clean” energy (initiatives to increase to 90% by 2020).
 Canadian installed hydro capacity was 67,655 MW as of December 31, 2009.
• 475 hydro power generating plants.
• Produce an average of 355 terawatt hours per year (2nd in the world behind China).
• 1 terawatt hour is enough electricity to heat and power 40,000 houses.
Canadian Electricity Capacity by Energy Source Canadian Electricity Generation by Source
Coal fired
15,839 MW
14%
Natural gas 
fired
12,961 MW
11%
Hydro
67,655 MW
59%
Nuclear
12,612 MW
11%
Petroleum fired
3,116 MW
3%
Wind
2 579 MWTid l
2020
Source: Canadian Centre for Energy.
2,579 MW
2%
Tidal
20 MW
0%
Source: EIA International Energy Annual..
Small Hydro Potential in Canada
Canadian Hydro Potential
 A recent inventory of Canadian small hydro sites identified over 5,500 sites with a technically
feasible 11,000 MW.
Small Hydro Potential in Canada
• Only 15% of which are feasible under current prices, socio-economic conditions and current
state-of-the-art.
• Reduction in capital costs of 10-15% could make an additional 2,000 MW capacity economically
feasible. Source: www.Small-Hydro.com.
Undeveloped Hydro Potential by Province
Quebec
British 
Columbia
33,137 MW
21%
 The undeveloped hydro technical
potential in Canada totals more 44,100 MW
27%
21%
Yukon
17,664 MW
11%
potential in Canada totals more
than 163,173 MW.
• British Columbia’s undeveloped
hydro potential is 33,137 MW.
Alberta
11,775 MW
7%
Northwest 
Territories
Ontario
Others
21
Source: Canadian Hydropower Association.
11,524 MW
7%
Ontario
10,270 MW
6%
34,703 MW
21%
All communications or inquiries relating to the investment opportunity
described in this Overview should be directed to the following:
Syntaris Power Corp.
Suite 600 – 999 West Hastings
Vancouver, BC V6C 2W2
22
Tel: 778 329 9629 Fax: 778 329 9626
www.syntaris.com
Disclaimer
This Opportunity Overview (“Overview”) does not constitute an offer or a solicitation of an offer in respect of any securities or assets
described in this Overview. The information in this Overview is provided solely for discussion and evaluation purposes. The opportunity
discussed in this Overview and the information provided is subject to change without notice. The information may contain statements
which are either missing information or which assume completion of matters expected to be completed in the future. Accordingly, this
Overview does not purport to be all-inclusive or to contain all the information that may be required in relation to such discussions or for an
l ti f t it Thi O i h ll t f th b i f t t it t Thi O i d t tit tevaluation of any opportunity. This Overview shall not form the basis of any contract or commitment. This Overview does not constitute
investment, legal, tax or other advice, and does not take into consideration the investment objectives, financial situation or particular needs
of any particular investor.
Although all reasonable care has been taken to ensure that the information given in this Overview is accurate, it has not been
independently verified. Accordingly, no representation or warranty, expressed or implied, is made in relation to the accuracy or
completeness of the information and opinions expressed in this Overview and, to the maximum extent permitted by law, any and all liability
in respect of such information and opinions is hereby expressly excluded, including, without limitation, any liability arising from fault or
negligence, for any loss arising from the use of this information or otherwise arising in connection with it. No responsibility is accepted by
Syntaris Power Corp (“Syntaris” or the “Company”), or any of its directors, representatives, officers, employees, agents, advisors,
associates nor any other person for any of the information or for any action taken by you on the basis of the information or opinions
expressed in this Overview.p
2323

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Flow Through

  • 1. Flow Through Share Offering October 2010
  • 2. Forward‐Looking Statement Disclaimer All potential Investors should read the Offering Memorandum. Certain statements in this Offering Memorandum are forward-looking statements, which reflect our management’s expectations regarding our future growth, results of operations, performance and business prospects and opportunities. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans,g p y g y g g p expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits we will obtain from them. These forward-looking statements reflect management’s current views and are based on certain assumptions and speak only as of June 23, 2010. These assumptions, which include, management’s current expectations, estimates and assumptions about our current operations, the economic environment, the market price and demand for electricity and clean power and our ability to manage ouroperations, the economic environment, the market price and demand for electricity and clean power and our ability to manage our projects under development and operating costs, may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions, (2) the uncertainty of government regulation and politics in British Columbia regarding clean power, (3) denial of the Corporation’s bids in BC Hydro’s Call for Power (4) a decreased demand or price for clean power (5) delays in the start of projects (6) inability to locate and acquirePower, (4) a decreased demand or price for clean power, (5) delays in the start of projects, (6) inability to locate and acquire additional projects, (7) potential negative financial impact from regulatory investigations, claims, lawsuits and other legal proceedings and challenges, (8) adverse public opinion regarding run-of-river power projects, and (9) other factors beyond our control. There is a significant risk that such forward-looking statements will not prove to be accurate. Investors are cautioned not to place undue reliance on these forward looking statements No forward looking statement is a guarantee of future results Except asundue reliance on these forward-looking statements. No forward-looking statement is a guarantee of future results. Except as required by law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additional information about these and other assumptions, risks and uncertainties are set out in the section entitled “Risk Factors” found in Offering Memorandum. 2
  • 3. Flow‐Through Shares What is a Flow Through share?What is a Flow-Through share? Flow-through shares are common shares of a resource company which provide flow-through tax deductions to investors. Resource companies issue flow-through shares to attract capital for exploration and development. Resource companies "flow through" eligible Canadian Exploration Expenses (CEE) and Canadian Development Expenses (CDE) to theirg g p p ( ) p p ( ) flow-through share investors. Shareholders can deduct these flow-through expenses against their taxable income. Why does the Government of Canada provide investors with a flow-through tax deduction? The Government of Canada recognizes the economic benefits of the exploration for, and development of, Canada’s natural resources and encourages investment with a flow-through tax deduction for investors. Originally, flow-through shares were only deductible against resource income, however, in 1983 the federal government changed legislation which allowed qualifying flow-through expenses to be deductible against other income. In recent years, the federal government and some provinces have introduced additional tax incentives for investors purchasing certain flow-through shares issued by Canadian mining companies to provide additional incentive for investment in Canada’s mining industry. What are the tax benefits? From a tax deduction perspective, the investor receives the same tax benefit as making an RRSP contribution, but the difference is that a flow-through investment is purchased outside a registered plan. 3
  • 4. From PROFIT magazine, September 2006 There aren't many legitimate tax shelters for high-incomeThere aren't many legitimate tax shelters for high-income Flow-through shares offer the prospect of high rewards at high risk -but the tax breaks can make it all worthwhile. y g g entrepreneurs, let alone many that offer the potential for lucrative returns. But that's the promise of flow-through shares. Issued by Canadian companies in the energy or mining sectors to raise funds for exploration, flow-through investments give investors juicy tax breaks d h i f i l i i b d di i y g g entrepreneurs, let alone many that offer the potential for lucrative returns. But that's the promise of flow-through shares. Issued by Canadian companies in the energy or mining sectors to raise funds for exploration, flow-through investments give investors juicy tax breaks d h i f i l i i b d di iand the opportunity for capital appreciation based on new discoveries and rising commodity prices. “ Flow-through shares offer federal and provincial tax deductions of 100% of the investment. An investor with a marginal tax rate of 46% and the opportunity for capital appreciation based on new discoveries and rising commodity prices. “ Flow-through shares offer federal and provincial tax deductions of 100% of the investment. An investor with a marginal tax rate of 46%100% of the investment. An investor with a marginal tax rate of 46% who purchases $10,000 in flow-through shares will garner a tax benefit of $4,600, cutting the real cost of the investments to $5,400. When the shares are sold, the 50% inclusion rate on capital gains will mean a tax hit of 23%. Investors who purchase "super" flow-through shares 100% of the investment. An investor with a marginal tax rate of 46% who purchases $10,000 in flow-through shares will garner a tax benefit of $4,600, cutting the real cost of the investments to $5,400. When the shares are sold, the 50% inclusion rate on capital gains will mean a tax hit of 23%. Investors who purchase "super" flow-through shares (shares in qualifying junior mining companies engaged in grassroots mineral exploration) may be eligible for an additional 15% tax credit. By Camilla Cornell (shares in qualifying junior mining companies engaged in grassroots mineral exploration) may be eligible for an additional 15% tax credit. By Camilla Cornell 4
  • 5. Financial Post Magazine W t b t th TW t b t th TWays to beat the TaxmanWays to beat the Taxman RRSPsRRSPs RESPsRESPs • Who Can Use It Just about anyone — but they’re most useful for employees in high tax brackets. • How Does It Work • Who Can Use It Just about anyone — but they’re most useful for employees in high tax brackets. • How Does It Work • Who Can Use It Parents, relatives and friends of young children. • How Does It Work Registered education savings plans are usually thought • Who Can Use It Parents, relatives and friends of young children. • How Does It Work Registered education savings plans are usually thought• How Does It Work The run-of-the-mill registered retirement savings plan (RRSP) is still the most common tax-reduction mechanism. Annual contributions — limited to 18% of your last year’s income up to $19,000 (depending on • How Does It Work The run-of-the-mill registered retirement savings plan (RRSP) is still the most common tax-reduction mechanism. Annual contributions — limited to 18% of your last year’s income up to $19,000 (depending on Registered education savings plans are usually thought of as a way to fund your kids’ post-secondary education, but the personal savings can be significant — even if your kids don’t go to college or university. Family and friends can contribute up to $50,000 for Registered education savings plans are usually thought of as a way to fund your kids’ post-secondary education, but the personal savings can be significant — even if your kids don’t go to college or university. Family and friends can contribute up to $50,000 for your pension) — are fully deductible. Better yet, your investments grow tax-deferred until they’re withdrawn (by age 71, at the latest). Typically, retirees earn less annual income, so their RRSP withdrawals are taxed at a lower rate This year’s deadline is Feb 29 but your pension) — are fully deductible. Better yet, your investments grow tax-deferred until they’re withdrawn (by age 71, at the latest). Typically, retirees earn less annual income, so their RRSP withdrawals are taxed at a lower rate This year’s deadline is Feb 29 but each child, either upfront or in annual instalments. There’s no tax refund, but growth within the RESP is tax-deferred for up to 26 years. If the kids use the funds, they’ll get a federal top-up grant worth 20% of the contributions (up to $7 200) If not parents benefit each child, either upfront or in annual instalments. There’s no tax refund, but growth within the RESP is tax-deferred for up to 26 years. If the kids use the funds, they’ll get a federal top-up grant worth 20% of the contributions (up to $7 200) If not parents benefita lower rate. This year s deadline is Feb. 29, but unused contribution room can be carried forward. • Risk of Reassessment Practically nil. a lower rate. This year s deadline is Feb. 29, but unused contribution room can be carried forward. • Risk of Reassessment Practically nil. the contributions (up to $7,200). If not, parents benefit from the tax-deferral. • Risk of Reassessment Very low. the contributions (up to $7,200). If not, parents benefit from the tax-deferral. • Risk of Reassessment Very low. 5 David Dias, Financial Post Business, Tuesday, Feb. 5, 2008
  • 6. Flow‐Through Shares Wh t ki d f h lifi ?Wh t ki d f h lifi ? • Shares must be newly issued and have attributes generally attached to common shares of the PBC What kind of share qualifies?What kind of share qualifies? of the PBC • Issuer must provide 80%-100% of qualifying development expenses to investors • FTSs include a right to purchase FTSs, usuallyFTSs include a right to purchase FTSs, usually known as flow-through warrants (FTWs) • Prescribed shares do not qualify as FTSs • Company may issue shares through private placement or public offerings 6
  • 7. Flow‐Through Shares T F f I t t I Fl Th h ShT F f I t t I Fl Th h Sh • Direct: Purchase FTSs from a principal business corporation (PBC); or Two Forms of Investment In Flow-Through Shares:Two Forms of Investment In Flow-Through Shares: Purchase FTSs from a principal-business corporation (PBC); or • Indirect: Purchase an interest in a partnership (including limited partnership) that purchases FTSs from one or more PBCsfrom one or more PBCs. 7
  • 8. Flow‐Through Shares Significant Tax Advantage:Significant Tax Advantage: $10,000 FTS investment: Cl i f ll $10 000 t t * Significant Tax Advantage:Significant Tax Advantage: • Claim a full $10,000 on your tax return* • 40% tax bracket equates to a $4,000 tax return for that year* October 2000, Feds introduced a 15% non-refundable tax credit Some provinces and territories instituted their own tax credit (in addition to the existing 100%): • 5% in Ontario• 5% in Ontario • 20% in B.C. • 10% in Manitoba and Saskatchewan These credits in addition to an existing 100% deduction on eligible exploration/development expenditures (federal) Note: The 15% + tax credit program is set to expire on March 31, 2011 8 *Assumes full eligibility for tax breaks
  • 9. Flow‐Through Shares O i OM Fl Th h ShO i OM Fl Th h Sh • Flow Through Share (FTS) Unit offering Overview OM – Flow Through SharesOverview OM – Flow Through Shares • Individuals or corporations • 2 million shares total (Cdn $2,000,000) • Cdn $1.00 per flow-through share • Projected 100% expense flow through • Closing on or before November 15, 2010 • Min subscription is Cdn $2500 • TFSA -RRSP eligible* *for 2010 must complete before December 31, 2010 9
  • 10. Flow‐Through Shares ‐ Mitigating Risk Y l t t i t f i t t d STILL tY l t t i t f i t t d STILL t The following outlines loss limits by tax bracket: You can lose up to a certain percentage of your investment, and STILL come out even due to the tax breaks. You can lose up to a certain percentage of your investment, and STILL come out even due to the tax breaks. g y • 50% tax bracket – 66% of original investment • 40% tax bracket – 75% of original investment • 30% tax bracket 81% of original investment• 30% tax bracket – 81% of original investment • 20% tax bracket – 89% of original investment 10
  • 11. Flow‐Through Shares H D Fl th h h W k?H D Fl th h h W k? The FTS program provides tax incentives to investors by allowing: How Do Flow-through shares Work?How Do Flow-through shares Work? • Deductions for resource expenses renounced by eligible corporations; and • Investment tax credits for individuals (excluding trusts) on resource expenses in the natural resource or renewable energy sector that qualifies as flow-through miningnatural resource or renewable energy sector that qualifies as flow through mining expenditures • In order for an investor to benefit from flow-through, the company must spend flow-through dollars on resource exploration or development in Canada.flow through dollars on resource exploration or development in Canada. 11
  • 13. S t i i V b d itt d t i Introduction Syntaris’ objective is to become a leading developer of small hydro projects in the Pacific Northwest. Syntaris is a Vancouver-based green energy company committed to sourcing, developing and operating clean, renewable hydroelectric projects. Syntaris objective is to become a leading developer of small hydro projects in the Pacific Northwest. The Company is aggregating a sizable portfolio of run-of-river hydro development projects. With its strategic relationships and a growing development portfolio, Syntaris is well-positioned to participate in the growth of the hydro industry in the Pacific Northwest. The Company is in the process of building a premier run-of-river (“RoR”) power development portfolio of geographically diverse, high quality, small hydroelectric (“hydro”) energy projects throughout British Columbia (“BC”), Canada and Alaska. The Company is well positioned to realize the benefits of the recently announced BC Standing Offer Program (“SOP”) which supports the development of clean energy in BC. The equity capital sourced in this offering will serve to further the development of the clean energy opportunities described in this Overview and enable the Company to submit up to 263 MW i t th St di Off P th t 3 4263 MW into the Standing Offer Program over the next 3-4 years. Financial Model and Electronic Data Room access will be provided to interested parties following the execution of a Confidentiality and Non-Disclosure Agreement (“NDA”). 13
  • 14. Introduction Footprint Syntaris Power Corp Introduction Footprint Formed in 2006 and headquartered in Vancouver, Canada, Syntaris is a private development stage company focused on sourcing, developing and operating clean, renewable run-of-river hydro projects in British Columbia. The development team has aggregated an impressive portfolio which includes a 15 MW of contracted, near-construction hydro project, 158 MW of near-term hydro projects, and 449 MW of mid-term and early-stage hydro, and other projects. Over 263 MW is expected to be eligible to bidp j p g into the BC Standing Offer Program. Syntaris maximizes the amount of generation per dollar invested by building run-of-river projects on steep terrain with a large elevation drop to minimize the amount of pipe required, and significantly reduce construction costs.q , g y Projects are structured in “clusters” located close to existing transmission infrastructure which reduces the cost burden for each project. Directors, corporate officers, independent shareholders and a strategic co-development partner have funded Syntaris tostrategic co development partner have funded Syntaris to date. The Run-of-River Power Advantage 14 RoR allows Syntaris to utilize a “cluster” approach to develop its portfolio by structuring development projects in “clusters” located close to existing transmission infrastructure thereby leveraging the infrastructure of several projects to minimize costs and increase returns.
  • 15. ENMAX S ntaris Bid Corp formed as a Company History   January 2007: Company begins identifying small hydro power as the most promising form of green power in BC  ENMAX Syntaris Bid Corp. formed as a strategic partnership with ENMAX Corp. on Culliton Creek, Kinskuch Lake, and Maselpanik Creek  Fort Chicago acquires ENMAX stake in Culliton Creek  Anticipated BC  May 2009: Enters into strategic agreement with Evergreen Power Corp.  Acquires and develops additional assets and submitted applications related to hydro projects throughout BC Hydro final SOP pricing and structure 2006 2007 3Q 10 4Q 101Q 10 2Q 102007 2008 2009  August 2010: Purchases certain assets related  September 2, 2008: Company changes its name to Syntaris Power Corp.  Awarded electricity  Submission of the development plan for Culliton  August 2010: Merger of Syntaris / Evergreen Purchases certain assets related to the development of RoR hydro projects in the Chilliwack Valley  December 28, 2006: “Max  Awarded electricity purchase agreement (“EPA”) for Culliton Creek in the Clean Power Call Request for Proposals (“RFP”) process 1515 Pacific Power Inc.” is incorporated
  • 16. Syntaris has a diversified portfolio of run-of-river small hydro projects Diversified Portfolio y p y p j in the highly attractive Pacific Northwest market. Diversified Portfolio Portfolio Overview Strategically located project sites across British Columbia and Alaska which benefit from significant renewable energy generation opportunities facilitated by aggressive government‐mandated renewable standards and offtake programs. Location  Gross MW  Contracted Near‐Construction  BC  15 Near‐Term SOP Eligible BC 82 British Columbia Run‐of‐River (“RoR”) Hydro  Location  Gross MW  Contracted Near‐Construction  BC  15 Near‐Term SOP Eligible BC 82 British Columbia Run‐of‐River (“RoR”) Hydro  Contracted 15 MW Culliton Creek project is near construction and has a projected after-tax levered IRR of 25%. Company has 26 accepted water license applications in 9 areas with a corresponding development plan to submit 263 MW of project assets into Near Term SOP Eligible   BC  82 Mid‐Term SOP Eligible  BC  181 263 Near‐Term RFP Eligible BC  76 Mid‐Term RFP Eligible BC  56 SOP Eligible Hydro: Near Term SOP Eligible   BC  82 Mid‐Term SOP Eligible  BC  181 263 Near‐Term RFP Eligible BC  76 Mid‐Term RFP Eligible BC  56 SOP Eligible Hydro: corresponding development plan to submit 263 MW of project assets into the BC Standing Offer Program over the next 2-4 years. The company is also aggressively investigating another 45 MW of project opportunities in nearby or adjacent areas that show promising generation potential. Access to additional renewable energy projects outside conventional hydro, Total RFP Eligible Hydro:  132 Early‐Stage Prospects BC  45 Non‐Core Hydro Assets / Prospects BC 92 Total RoR Hydro:  547 Total RFP Eligible Hydro:  132 Early‐Stage Prospects BC  45 Non‐Core Hydro Assets / Prospects BC 92 Total RoR Hydro:  547gy p j y including Pump Storage, through strategic initiatives or corporate partnerships. Location  Gross MW  Soule River AK  75 Total Other Hydro:  75 Other Hydro  Location  Gross MW  Soule River AK  75 Total Other Hydro:  75 Other Hydro  16 Total Development Portfolio 622Total Development Portfolio 622
  • 17. Provincial Overview: British Columbia BC Hydro’s Supply / Demand OutlookBritish Columbia Installed Capacity (2009) Natural gas Hydro 11,712 MW 91% Natural gas  fired 1,043 MW 8% Wind 104 MW 1% Key OpportunitiesKey Market Drivers Source: Canadian Centre for Energy. Source: BC Hydro.  BC government stated that 90% of the province’s electricity supply will come from renewable energy.  Currently hydro generation provides 91% of BC’s electricity, mostly from large storage dams.  According to the 2007 BC Energy Plan 2007, the private t (IPP ) d t BC H d ill d l  In June 2008, BC Hydro issued a call for 5,000 GWh of clean power and received 17,000 GWh in bids. 3,266 GWh total awarded in 2010.  Standing Offer Program awarded to qualifying generators with capacity >500 kW and <15 MW where output will be h d b BC H d d l t El t i itpower sector (IPPs), and not BC Hydro, will develop new sites in BC (with the exception of Site C).  Legislated reductions of 33% of GHG emissions by 2020 and imposed a carbon tax.  Government aims to be energy self-sufficient by 2016.  No major capacity additions since 1984; however, new purchased by BC Hydro under long-term Electricity Purchase Agreement.  Strong export opportunities with connections to Alberta and the U.S., with framework supported by the recent Clean Energy Act of BC.  Integrated Resource Plan is under development as a 17 capacity additions are planned for Mica and Revelstoke Dams (this additional capacity will not provide more annual energy, but will support additional renewable energy production from IPPs). government priority to stimulate BC renewables for export.  There may be interest from California to purchase renewable energy from BC to satisfy Renewable Portfolio Standards (“RPS”) requirements.  Planning the use of BC renewables in the WREZ process. Source: BC Hydro. Source: BC Hydro.
  • 18. Hydro in British Columbia BC Installed Hydro Electric PlantsHydro Overview  Canada’s Pacific coastal strip has rainfall in excess of 2,000mm a year (common to only 5% of the earth’s surface), and up to 4,000mm a year in coastal areas.  BC generates approximately 91% of its electricity from BC Installed Hydro Electric PlantsHydro Overview g pp y y hydro power. • 72 hydro electric generating stations. • 11,700 MW of installed hydro capacity. • Most capacity from large BC Hydro storage f ilitifacilities.  Small hydro is the most prevalent IPP technology in BC and expected to remain the most popular going forward. • 400 water license applications filed since 2000. • Low cost, modest transmission upgrades.  In 2007, BC Hydro and BC Transmission Corporation (“BCTC”) commissioned Kerr Wood Leidal Associates BC Hydro Potential Source: Canadian Centre for Energy. ( BCTC ) commissioned Kerr Wood Leidal Associates LTD to assess the run-of-river hydro resources for the province. Key findings of the resulting report were as follows: • Identified over 8,000 potential run-of-river hydro sites throughout BC. 1818 • Capacity of more than 12,000 MW and 50,000GWh per year of small hydro projects in BC. Source: Kerr Wood Leidel Associates.
  • 19. RoR Development Pipeline Stream  Water  Site Location % Ownership Gross MW Site Control Hydrology /  Feasibility Gauge  Installed License  Application Development  Plan SOP  Application EPA Award Commence  Construction Potential COD Contracted ‐ Near‐Construction Culliton Creek BC 50% 15            Crown Land Complete Sep 2002 Accepted Aug 2010 N/A  Mar 2010 Jan 2010 Apr 2013 Subtotal 15              Core Prospects  Kinskuch Lake 1 BC 100% 76              Crown Land Complete Jul 2008 Accepted Dec 2012 N/A Aug 2012 Aug 2014 Mar 2018 Maselpanik Creek 1 BC 100% 15              Crown Land Complete Oct 2006 Accepted Nov 2011 Jul 2012 Jan 2013 Mar 2013 Nov 2014 Chilliwack Cluster Chipmunk BC 100% 5              Crown Land Complete Oct 2007 Accepted Apr 2011 Dec 2011 Jun 2012 Aug 2012 Apr 2014 Airplane BC 100% 3              Crown Land Complete Oct 2007 Accepted Apr 2011 Dec 2011 Jun 2012 Aug 2012 Apr 2014 Marmot Cluster Marmot Creek BC 100% 15              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014 Upper Marmot Creek BC 100% 12              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014 Kate Ryan Creek BC 100% 15              Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2013 Jan 2014 Sep 2015 Glacier Cluster Roosevelt Creek BC 100% 8                Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014 Glacier Creek BC 100% 9                Crown Land Complete Aug 2010 Accepted Sep 2011 May 2012 Nov 2012 Jan 2013 Sep 2014 Jade Lake Cluster Jade Lake BC 100% 15            Crown Land Complete Jul 2008 Accepted Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016 Near‐Term p p p ZZ‐4 Creek BC 100% 8              Crown Land Complete Jul 2011 Accepted Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016 Tchitin Creek BC 100% 12            Crown Land Complete Jul 2011 Pending Jul 2013 Mar 2014 Sep 2014 Nov 2014 Jul 2016 Glacier Cluster Barney Creek BC 100% 6                Crown Land Complete Aug 2010 Accepted Sep 2013 May 2014 Nov 2014 Jan 2015 Sep 2016 Anderson Cluster Anderson River BC 100% 10            Crown Land Complete Oct 2007 Accepted Nov 2012 Jul 2013 Jan 2014 Mar 2014 Nov 2015 Marmot Cluster Bulldog Creek BC 100% 8                Crown Land Complete Aug 2010 Accepted Sep 2012 May 2013 Nov 2013 Jan 2014 Sep 2015 Georgie Creek BC 100% 12              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 E Georgie Creek BC 100% 14              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 ZZ‐5 Creek BC 100% 8              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 Ashwood Lake  Cluster m g ZZ‐6 Creek BC 100% 5                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 Ashwood Lake BC 100% 15              Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 Wait Creek BC 100% 8                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 ZZ‐7 Creek BC 100% 5                Crown Land In Process Jul 2011 Pending Oct 2012 Jun 2013 Dec 2013 Feb 2014 Oct 2015 Carpenter Cluster Tommy Creek BC 100% 15              Crown Land Complete Oct 2010 Accepted Mar 2012 Nov 2012 May 2013 Jul 2013 Mar 2015 Keary Creek BC 100% 10              Crown Land Complete Oct 2010 Accepted Mar 2012 Nov 2012 May 2013 Jul 2013 Mar 2015 Downton Cluster Nichols Creek BC 100% 15              Crown Land Complete Oct 2010 Accepted Jul 2012 Mar 2013 Sep 2013 Nov 2013 Jul 2015 id i % d l d / Mid‐term Bridge River BC 100% 56            Crown Land Complete Oct 2010 Accepted Sep 2014 N/A Oct 2013 Jan 2015 Sep 2016 McParlon Creek BC 100% 15            Crown Land Complete Oct 2010 Accepted Jul 2012 Mar 2013 Sep 2013 Nov 2013 Jul 2015 Alaska Hydro  Gateway Soule River Alaska 85% 75               National  Forest  Complete Nov 2007 N/A Oct 2010  (FERC) N/A Dec 2012 Apr 2013 Jun 2015 Subtotal 470           Early Stage Prospects 2 BC 45            more than 50% complete Non‐Core Hydro Assets / Prospects 2 BC 92            1919 TOTAL HYDRO ASSETS        622  1) Fort Chicago has the option to purchase up to 50% of the Kinskuch Lake project up to EPA and an option to purchase 50% of the Maselpanik Creek project until the transmission performance security is due. 2) Refer to Exhibit E for a list of Early Stage Prospects and Non‐Core Hydro Assets / Prospects.
  • 20. Canadian Hydro Overview  Canada is one of the largest producers of hydroelectricity in the world producing about 13% of the world’s Canada is one of the largest producers of hydroelectricity in the world, producing about 13% of the world s total.  Hydropower accounts for 97% of Canada’s renewable electricity generation, and 60% of Canada’s total electricity generation (3 times the global average). 77% f l t i it “ l ” (i iti ti t i t 90% b 2020) 77% of electricity sources are “clean” energy (initiatives to increase to 90% by 2020).  Canadian installed hydro capacity was 67,655 MW as of December 31, 2009. • 475 hydro power generating plants. • Produce an average of 355 terawatt hours per year (2nd in the world behind China). • 1 terawatt hour is enough electricity to heat and power 40,000 houses. Canadian Electricity Capacity by Energy Source Canadian Electricity Generation by Source Coal fired 15,839 MW 14% Natural gas  fired 12,961 MW 11% Hydro 67,655 MW 59% Nuclear 12,612 MW 11% Petroleum fired 3,116 MW 3% Wind 2 579 MWTid l 2020 Source: Canadian Centre for Energy. 2,579 MW 2% Tidal 20 MW 0% Source: EIA International Energy Annual..
  • 21. Small Hydro Potential in Canada Canadian Hydro Potential  A recent inventory of Canadian small hydro sites identified over 5,500 sites with a technically feasible 11,000 MW. Small Hydro Potential in Canada • Only 15% of which are feasible under current prices, socio-economic conditions and current state-of-the-art. • Reduction in capital costs of 10-15% could make an additional 2,000 MW capacity economically feasible. Source: www.Small-Hydro.com. Undeveloped Hydro Potential by Province Quebec British  Columbia 33,137 MW 21%  The undeveloped hydro technical potential in Canada totals more 44,100 MW 27% 21% Yukon 17,664 MW 11% potential in Canada totals more than 163,173 MW. • British Columbia’s undeveloped hydro potential is 33,137 MW. Alberta 11,775 MW 7% Northwest  Territories Ontario Others 21 Source: Canadian Hydropower Association. 11,524 MW 7% Ontario 10,270 MW 6% 34,703 MW 21%
  • 22. All communications or inquiries relating to the investment opportunity described in this Overview should be directed to the following: Syntaris Power Corp. Suite 600 – 999 West Hastings Vancouver, BC V6C 2W2 22 Tel: 778 329 9629 Fax: 778 329 9626 www.syntaris.com
  • 23. Disclaimer This Opportunity Overview (“Overview”) does not constitute an offer or a solicitation of an offer in respect of any securities or assets described in this Overview. The information in this Overview is provided solely for discussion and evaluation purposes. The opportunity discussed in this Overview and the information provided is subject to change without notice. The information may contain statements which are either missing information or which assume completion of matters expected to be completed in the future. Accordingly, this Overview does not purport to be all-inclusive or to contain all the information that may be required in relation to such discussions or for an l ti f t it Thi O i h ll t f th b i f t t it t Thi O i d t tit tevaluation of any opportunity. This Overview shall not form the basis of any contract or commitment. This Overview does not constitute investment, legal, tax or other advice, and does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Although all reasonable care has been taken to ensure that the information given in this Overview is accurate, it has not been independently verified. Accordingly, no representation or warranty, expressed or implied, is made in relation to the accuracy or completeness of the information and opinions expressed in this Overview and, to the maximum extent permitted by law, any and all liability in respect of such information and opinions is hereby expressly excluded, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this information or otherwise arising in connection with it. No responsibility is accepted by Syntaris Power Corp (“Syntaris” or the “Company”), or any of its directors, representatives, officers, employees, agents, advisors, associates nor any other person for any of the information or for any action taken by you on the basis of the information or opinions expressed in this Overview.p 2323