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BURNABY, BC, June 23 /CNW/ - Legend Power Systems Inc. (TSX.V: LPS) (the Company" or "Legend Power") announces that it has recently entered into a management consulting agreement (the "Consulting Agreement") with Phoenix Alliance Corp. ("Phoenix") of Vancouver, British Columbia. Phoenix, a business consulting firm, has been retained to provide strategic planning, and financial and management consulting services (the "Services") designed to assist in securing financing for Legend Power through one or more offerings (each an "Offering").

As consideration for providing the Services, the Company has agreed to pay Phoenix an initial non- refundable payment of $25,000 (the "Initial Payment"), as well as additional payments, in proportion to the overall benefit received by Legend Power, of up to $825,000 in cash and up to 1,000,000 common shares in the capital of Legend Power ("Shares"). All Shares issued pursuant to the Consulting Agreement will be at a deemed price per Share equal to the price at which the Shares are issued pursuant to the applicable Offering, and will be subject to a hold period ranging in length from four months plus one day from the date of issuance up to ten months plus one day from the date of issuance. The payments by Legend Power to Phoenix, other than the Initial Payment, will be reduced by any fees or expenses payable to any licensed broker-dealer engaged by Legend Power.

The initial term of the Consulting Agreement is six months from May 28, 2009 (the "Term"), such term being automatically renewed for additional periods of one month each, provided that, at the time of renewal, (a) an Offering is then in progress, or (b) Phoenix has demonstrated to Legend Power's reasonable satisfaction that progress has been made, and in each case Legend Power confirms the continuation of the Term.

The Exchange has accepted the terms of the Consulting Agreement. In accordance with the Exchange's policies, final Exchange acceptance of the issuance of Shares pursuant to the Consulting Agreement requires notice by Legend Power of each such issuance.

Legend Power has also entered into a finder's fee agreement with Phoenix (the "Finder's Fee Agreement"). Pursuant to the Finder's Fee Agreement and in accordance with the Exchange's policies, Legend Power has agreed to pay Phoenix a cash fee equal to 5% of the value of the subscriptions paid by investors, in an Offering, who were introduced to Legend Power by Phoenix (the "Finder's Fee"). The Finder's Fee will be reduced by any additional broker's or finder's fees or expenses paid by Legend Power in respect of the applicable Offering.

About Legend Power Systems Inc.

Legend Power Systems Inc.