NEWSCENTER

PRESS RELEASE:

POWER TECH CORPORATION INC.

POWERTECH COMPLETES A FIRST CLOSING OF A PRIVATE PLACEMENT FOR $1,510,000

Terrebonne (Quebec), April 5, 2007 – Mr. Carol Murray, President and Chief Executive Officer of Power Tech Corporation Inc. “PowerTech” (TSX-V: PWB) announces that PowerTech has closed a private placement of units for an amount of $1,510,000. This is the first closing of the private placement announced on February 28, 2007 and a second closing will be held shortly.

Under the terms of the private placement announced February 28, 2007, PowerTech issued 2,745,454 units at a price of $0.55 per unit. Each unit is comprised of one common share and one-half of one common share purchase warrant. Each full warrant entitles its holder to subscribe for one common share of PowerTech at a price of $0.70 until April 5, 2009. The units and the underlying securities issued in the private placement are subject to a four month hold period that expires August 6, 2007.

In consideration of the services rendered, Northern Securities Inc., the agent, received an aggregate of 274,545 Compensation Options, each of which entitles its holder to subscribe until April 5, 2009 to one unit of PowerTech at a price of $0.55 per unit on the same terms and conditions as the units issued in the private placement. A commission of $120,800 was also paid to the agent.

About PowerTech (www.powertechci.com)

PowerTech is the only company in the world that manufactures and commercializes a percussion technology with interchangeable tools and accessories for the construction, demolition, aluminum, mining, tunnelling, forestry and military industries. PowerTech's percussion technology, marketed under the PicBucket and PicHammer names, is a technological breakthrough that combines the power of a hydraulic hammer with the stripping force and manoeuvrability of a conventional bucket.

PowerTech is positioning itself as a leader in the development, integration and commercialization of leading edge technologies that allow for substantial improvements in equipment performance, productivity and functionality.

* The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

 

-30-

Source:

Power Tech Corporation Inc.
www.powertechci.com

For further information:

Carol Murray
President and Chief Executive Officer
Corporation Power Tech Inc.
Tel.: (450) 963-6400
Fax: (450) 963-4411
E-mail: carol.murray@powertechci.com

Frédéric Tremblay
HKDP
Tel.: (514) 395-0375, ext. 234
E-mail: ftremblay@hkdp.qc.com

Back