March 9, 2004

News Release: RailPower(R) announces TSX listing to occur on March 10, 2004

RailPower Technologies Corp. announced today that the transition to the TSX will occur on Wednesday, March 10, 2004. The trading symbol for RailPower's shares will remain 'P'.

RailPower(R) will be delisted from the TSX Venture Exchange concurrently with the migration to the TSX. The company has 25,001,220 shares issued and outstanding.

RailPower(R) is a leader in specialized energy technology systems for transportation with a particular focus on hybrid locomotive technology for railroad yard switching. Its hybrid switchers cut smog-precursor NOx and particulates by 80-90%, and Greenhouse Gases and diesel fuel use by 50-80%, when compared to conventional yard locomotives in the 1,000 to 2,000 horsepower range. Website is www.railpower.com.

SOURCE RailPower Technologies Corp.

Nigel Horsley, Director, Communications, RailPower TechnologiesCorp., (604) 904-0085 ext. 215; Simon Clarke, Executive Vice President,RailPower Technologies Corp., (604) 904-0085 ext. 206; Jay Hussey, InvestorRelations, The Equicom Group Inc., (416) 815-0700 or 800-385-5451 ext 225,This email address is being protected from spambots. You need JavaScript enabled to view it.(P.)

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