Solar Company Changes Direction

January 3, 2003 []Sun Power Corporation, a solar energy products company based in Los Alamos, New Mexico, has initiated a restructuring program involving a change of business to seek out and acquire mineral resource properties meeting the following criteria: historic positive cash flow and profit; low cost production; expandable reserves; and the ability to increase production and cash flow through project financing. Concurrent with the change of business, on December 6, 2002, the Corporation exchanged the shares it has held in Sunspring Inc. (“Sunspring”) and Renewable Energy Corporation (“RECO”) for the return of the Sun Power Series A & B Preferred Shares.


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