ADVISORY - Boralex Inc. 2004 Third Quarter Results


Montréal, August 9, 2004 – (TSX: BLX.A) Boralex Inc. (the “Corporation”) announces that a conference call for financial analysts, to present its 2004 third quarter results, will be held on Friday, August 13, 2004 at 3:00 p.m.(EDT).

Financial analysts are invited to participate in the call by dialing 514-985-8001 or
1-800-284-3982. The media and other interested individuals can listen live. A recording of the conference call will be available until August 20, 2004, by dialing
1-416-626-4100 ou 1-800-558-5253, access code: 21205166.

The 2004 third quarter results will be released on August 13, 2004.

Boralex focus on four types of power generation: hydroelectric power,thermal or cogeneration power from natural gas or wood residue and wind power. These are all fields where Boralex has developed proven expertise and they are all centered on renewable energy. It employs more than 240 workers and owns seventeen power stations located in Québec, the United States and France, with an installed capacity of close to 240.0 MW, as well as an urban wood processing and recycling centre in Montréal. In addition, the Corporation holds a 23% interest in Boralex Power Income Fund which owns ten power stations in Québec and the United States with an installed capacity of 190.0 MW. Management of the Fund‘s assets is provided by Boralex. (www.boralex.com)

Mrs. Carole Villeneuve
Communications Director
Boralex Inc.
Telephone : (514) 985-1353
Fax : (514) 985-1355
E-mail : cvilleneuve@cascades.com