CATCH THE WIND FILES PRELIMINARY SHORT FORM PROSPECTUS

MANASSAS, VA, May 12 /CNW/ -- 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
 DISSEMINATION IN THE UNITED STATES/


MANASSAS, VA, May 12 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers
 of feed-forward, intelligent turbine performance improvement systems
 that deliver increased energy output and reduced equipment stress loads
 for utility scale wind turbine generators, announced today that it has
 filed a preliminary short form prospectus with regulatory authorities
 in Ontario, Alberta, and British Columbia, in connection with a best
 efforts offering of common shares in the Company. The offering size and
 price will be set within the context of the market immediately prior to
 the filing of the final short form prospectus.


The offering will be led by Jacob Securities Inc. (the "Agent"). The
 Company has granted the Agent an over-allotment option to purchase up
 to an additional 15% of the common shares to be issued pursuant to the
 offering on the same terms and conditions as the offering, exercisable
 in whole or in part for a period of up to 30 days following the closing
 of the offering. The Agent will receive a cash fee equal to 6% of the
 gross proceeds raised through the offering and the over-allotment
 option. In addition, subject to the successful completion of the
 offering, the Company will grant the Agent compensation options (the
 "Compensation Options") exercisable for a period of 24 months following
 the closing of the offering to purchase up to that number of common
 shares as is equal to 6% of the common shares sold pursuant to the
 offering (including upon the exercise of the over-allotment option) at
 an exercise price per common share equal to the offering price.


The Company intends to use the net proceeds of the offering for ongoing
 cost reduction programs relating to the production of the Company's
 Vindicator® laser wind sensor (LWS), customer support initiatives
 relating to the installation and maintenance of Vindicator® LWS units
 and collaborative projects with strategic partners, and working capital
 requirements, including, but not limited to, those associated with
 accelerating sales and increased market penetration.


The offering is subject to certain conditions including, but not limited
 to, the receipt of all necessary approvals, including the approval of
 the TSX Venture Exchange and securities regulatory authorities


This press release is not an offer to sell or the solicitation of an
 offer to buy the securities in any jurisdiction in which such offer,
 solicitation or sale would be unlawful prior to qualification or
 registration under the securities laws of such jurisdiction. The
 securities being offered have not been, nor will they be, registered
 under the United States Securities Act of 1933, as amended, and such
 securities may not be offered or sold within the United States or to,
 or for the account or benefit of, U.S. persons absent registration or
 an applicable exemption from U.S. registration requirements


About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in
 Manassas, Virginia. The company was founded in 2008 to develop and
 manufacture the Vindicator® laser wind sensor.


Catch the Wind serves the commercial market sector for laser based wind
 sensor systems, recognized as the "gold standard" in wind measurement.
 The company is focused on becoming a major contributor in making clean,
 renewable wind energy more affordable and profitable. For more
 information, visit www.catchthewindinc.com.


Forward-Looking Information
This news release includes certain forward-looking statements within the
 meaning of Canadian securities laws. Forward-looking statements involve
 risks, uncertainties and other factors that could cause actual results,
 performance, prospects and opportunities to differ materially from
 those expressed in such forward-looking statements. Forward-looking
 statements in this news release, include, but are not limited to,
 economic performance and future plans and objectives of Catch the Wind.
 Any number of important factors could cause actual results to differ
 materially from these forward-looking statements as well as future
 results. Although Catch the Wind believes that the assumptions and
 factors used in making the forward-looking statements are reasonable,
 undue reliance should not be placed on these statements, which only
 apply as of the date of this news release, and no assurance can be
 given that such events will occur in the disclosed timeframes or at
 all. Catch the Wind disclaims any intention or obligation to update or
 revise any forward-looking statement, whether as a result of new
 information, future events or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/12/c4172.html



table border="0" valign="top" tr td Catch the Wind Ltd.      /td td   /td td   /td td   /td td   /td td TMX Equicom /td /tr tr td Claudia Jaques      /td td   /td td   /td td   /td td   /td td Joe Racanelli /td /tr tr td Vice President and General Counsel    /td td   /td td   /td td   /td td   /td td Investor Relations /td /tr tr td 703-393-0754       /td td   /td td   /td td   /td td   /td td 416-815-0700 ext. 243 /td /tr tr td a href="mailto:[e-mail]"[e-mail]/a     /td td   /td td   /td td   /td td   /td td a href="mailto:[e-mail]"[e-mail]/aa href="mailto:[e-mail]"m/a /td /tr /table 

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