NaiKun Wind: Results From Annual General Meeting & First Quarter Financial Results

NaiKun Wind Energy Group (TSX VENTURE:NKW) (the "Company") held its Annual
General Meeting in Vancouver, British Columbia on March 14, 2012.


The results of voting on matters put before the Company's shareholders include:



--  Election of Board of Directors: Philip Hughes (Chair), Michael C. Burns,
    Joe Houssian, Michael O'Connor, David Rehn and Graham Wilson were re-
    elected to the Board of Directors.

--  Re-Appointment of Auditors: KPMG LLP, Chartered Accountants, were re-
    appointed as auditors of the Company.



The Company also announces its financial results for the three months ended
December 31, 2011, a period in which the Company continued forwarding the NaiKun
Wind Project while controlling its costs. A substantial restructuring effort was
undertaken in the third quarter of fiscal 2010 and the Company has maintained
both the expense profile and the strategic efforts as laid out by the Board of
Directors at that time. NaiKun Wind remains confident that these undertakings
represent the best available opportunities to support the advancement of the
project and maximize shareholder value.


An overview of NaiKun Wind's first quarter results and projected expenditures
include:


As of December 31, 2011, NaiKun Wind had $6.4 million in cash and cash
equivalents compared to $6.8 million at the end of September 2011.


For the three months ended December 31, 2011, NaiKun Wind incurred a net loss of
$0.58 million ($0.01 per share), compared to $0.53 million ($0.01 per share) for
the same period last year.


For fiscal 2012 the Company has budgeted cash expenditures of $1.5 million
which, given the Company's existing cash position, will sustain operations into
2014 and beyond.


NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy
company. Located on B.C.'s northwest coast, where the wind resource is one of
the strongest and most consistent in the world, NaiKun Wind's 396MW offshore
wind project would generate enough energy to provide electricity to 130,000 B.C.
homes. If the project does proceed it is expected to result in an estimated 500
jobs during construction, 50 permanent jobs for maintenance and operations and
over $400 million in direct expenditures in the province during construction, of
which $250 million will benefit North Coast communities.


The NaiKun Wind project is at an advanced stage of development, with
environmental approvals and agreements in place with key suppliers and First
Nations and is now in a position to begin construction within two years of
receiving an energy purchase agreement. For more information on NaiKun Wind,
please visit www.naikun.ca.


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.