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Saturday, 02/17/2007 2:23:51 AM

Saturday, February 17, 2007 2:23:51 AM

Post# of 51
Underwriters increase bought deal to $30 Million

TORONTO, Jan. 23 /CNW/ - Railpower Technologies Corp. (the "Company") is
pleased to announce that the syndicate of underwriters led by Canaccord Adams
and Sprott Securities Inc., and including National Bank Financial Inc.,
Paradigm Capital Inc. and Pacific International Securities Inc. have increased
the size of the previously announced bought deal by an additional $5 million
for a total deal size of $30 million, all on the terms set forth in the
Company's earlier press release.
The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.