Balaton Power Inc.
Suite 206, 20257 54 th Avenue
Langley, British Columbia V3A 3W2
July 28, 2010
For Immediate Release
BALATON ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Balaton Power Inc. (the “Company”) (OTCBB Symbol BPWRF) announces that, further to its news releases of
March 24 and March 25, 2010, it has closed the non-brokered private placement and received gross proceeds
of US$180,000 for a total of 9,000,000 units of the Company as follows:
A placement of 9,000,000 units, each unit consisting of one common share of the Company and two share
purchase warrants (an “A Warrant” and a “B Warrant”, respectively). Each A Warrant is exercisable to purchase
one additional common share of the Company at an exercise price of US$0.03 until July 27, 2011 and each B
Warrant is exercisable to purchase one additional common share of the Company at an exercise price of
US$0.03 until July 27, 2012. A finder’s fee was payable on a small portion of the placement.
The securities issued pursuant to the placement are subject to a hold period expiring November 28, 2010.
This news release shall not constitute an offer to sell or an offer to buy the securities in any jurisdiction.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS