First National Energy Corporation (FNEC)

[due_diligence]

FNPR had some news out after hours tonight, just in case you missed it.

First National Power Enters Agreement with Arctic Remote Power to Purchase Green Oasis Micro Utility Unit
Tuesday March 29, 4:01 pm ET
Companies Work Toward Broader Agreement Wherein Arctic Remote Will Become Exclusive Marketer of GO Units in Northern Canada


BELLEVUE, Wash.--(BUSINESS WIRE)--March 29, 2005--First National Power Corp., (OTCBB:FNPR - News), a manufacturer of micro utility vehicles for areas effected by environmental disasters and difficult regional terrains, today announced that the Company has entered into an agreement with Arctic Remote Power ("ARP") to purchase a Green Oasis ("GO") micro utility unit.
This initial purchase represents a significant milestone for First National as it not only represents the first sale of a GO micro utility unit, it also represents both companies' intention to reach a broader agreement whereby ARP will become the exclusive marketer of GO units in Northern Canada.

A spokesman for ARP, stated, "We believe there is exceptional opportunity that exists for GO units to provide economical power to the Northern Canada region. Currently power in this area is, for the most part, provided by high cost diesel fuel generators. In addition to the economic benefits, there are significant environmental benefits in servicing this region with green power."

"The potential alliance with a renowned supplier of choice in providing, clear, dependable environmentally friendly and economical energy to Northern Canada's remote communities, clearly is a tremendous opportunity for First National Power. As we forge ahead to broaden recognition of the GO micro utility unit and achieve increasing market share, we expect to enter other geographic locations globally where the unit can be of significant aid," stated Peter Wanner, director for First National.

About ARP

Arctic Remote Power was founded by senior government and industry executives with extensive experience in Canada's Northern regions. ARP is committed to becoming the supplier of choice in clean and green energy to Northern Canada's remote communities including remote exploration and construction sites. ARP is dedicated to servicing Northern Canada's communities and resource industries. The Company's goal is to establish long-term relationships with prospective customers that will lead to ARP achieving progressive value and market penetration.

About Green Oasis

GREEN OASIS(TM) ("GO") is an environmentally friendly micro utility unit designed to supply power to off-grid communities, remote exploration and construction sites, and environmental disasters. GO units provide continuous power through the interaction of three independent power sources: Primary source - wind energy: The GO Wind Energy component uses state-of-the-art technology; second source: solar energy; tertiary source: chemical energy. The excess power generated from either or both of the Wind Energy and Solar Energy sources is stored in high efficiency, rechargeable lithium ion batteries. The stored power is drawn on when required to provide an uninterrupted source of power from the Green Oasis. GO units have both stationary and mobile applications. GO units may be used as the prime power unit or standby power unit depending on the application.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risk and uncertainties and are subject to change, at any time, the Company's results may differ materially from expected results.



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