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PRESS RELEASE:

POWER TECH CORPORATION INC. GRANTS ITS FIRST STOCK OPTIONS AND AMENDS ITS STOCK OPTION PLAN

Blainville, February 16, 2005 – The board of directors of Power Tech Corporation Inc. (“Power Tech”) (TSX Venture Exchange : PWB) has authorized this day the grant of stock options to its officers and directors in accordance with the stock option plan in favor of its officers, directors, managers, employees, consultants and suppliers (the “Plan”) adopted on September 24, 2004. The board of directors has also amended Section 7 of the Plan.

Grant of Options

First of all, the board of directors issued stock options to some of Power Tech’s officers. According to the resolution adopted, the following officers were granted a total of 400,000 stock options allocated as follows:

Pierre Gagnon, Vice-president, Operations: 200,000 options
Matthew Blackmore, Chief Financial Officer: 200,000 options

The options granted to Pierre Gagnon and Matthew Blackmore can be exercised according to the following schedule: 20% in the year following the grant, 40% in the second year and 40% in the third year. The options can be exercised up until February 15, 2010.

Then, the directors of Power Tech were granted the following options :

Carol Murray : 100,000 options
Mario Jacob : 100,000 options
Dany Girard : 100,000 options
Richard Hélie : 300,000 options
André Gaumond : 150,000 options

Mr. Richard Hélie received additional options since he also acts as consultant of Power Tech in the execution of its marketing plan. Besides, 200,000 of the options granted to Mr. Hélie are subject to the above-mentioned restrictions for the officers.

These options can be exercised up until February 15, 2010.

The exercise price of all the options was fixed at $0.50 per share.

Amendment to the Plan

Since the number of shares reserved for issuance under the Plan represents less than 10% of the shares of Power Tech currently issued and outstanding, the Plan does not require the approval of Power Tech’s shareholders, the whole in compliance with the Policies of the TSX Venture Exchange Inc. Therefore, the directors of Power Tech have also decided to repeal this morning Section 7 of the Plan regarding restrictions to the exercise of options.

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

For further information, please contact:

Carol Murray
President and Chief Executive Officer
Power Tech Corporation Inc.
Tel. : (450) 419-5400
Fax : (450) 419-5411
Email: carol.murray@powertechci.com

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