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SWX Shear Wind Inc.

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Share Name Share Symbol Market Type
Shear Wind Inc. TSXV:SWX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Shear Wind Announces Director Resignation

15/07/2011 1:41am

Marketwired Canada


Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced that Gary F.
Mackenzie has submitted his resignation as a director, effective July 6, 2011,
to allow him to concentrate on other business activities. Mr. Mackenzie
faithfully served the board since June 2006. The board of directors and
management of Shear Wind would like to thank Mr. Mackenzie for his contribution
and commitment to Shear Wind. His expertise was an appreciated contribution to
the board of directors. Shear Wind wishes him all the best in his future
activities. 


Mike Magnus, President and CEO, is appreciative of Mr. MacKenzie's dedication
over the years and states, "Gary is one of the founding members of this company,
and his support and dedication throughout the years has been immensely valuable.
He held the position of Director and Chief Financial Officer up until 2009, and
continued on our Board as a Director to this date. He has been a friend as well
as a colleague, and we all trust his future to be happy and successful."


Shear Wind has commenced a search to replace Mr. Mackenzie and will announce his
replacement in due course. The Shear Wind Board of Directors continues to work
with the Management Team to provide long-term strategic focus to the benefit of
the shareholders. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Shear Wind in any jurisdiction.


About Shear Wind

Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is
engaged in the exploration and development of renewable wind energy properties
in Canada. Shear Wind is focused on building a strong company based on a secure
and sustainable supply of clean wind energy. Shear Wind is committed to building
shareholder value governed by environmental stewardship. Inveravante Inversiones
Universales, S.L., an international corporation based in Spain, indirectly owns
62% of Shear Wind on a fully-diluted basis and 49% of Glen Dhu Wind Energy
Limited Partnership through Genera Avante Holdings Canada Inc., following its
investment in Shear Wind in November 2009. 


Additional information on the various projects may be viewed on Shear Wind's
website: www.shearwind.com .


Forward-Looking Statements / Information

This news release may include certain forward-looking information, including
statements relating to business and operating strategies, plans and prospects,
using words including "anticipate", "believe", "could", "expect", "intend",
"may", "plan", "potential", "project", "seek", "should", "will", "would" and
similar expressions, which are intended to identify a number of these
forward-looking statements. Forward-looking information reflects current views
with respect to current events and is not a guarantee of future performance and
is subject to risks, uncertainties and assumptions. Actual results may differ
materially from information contained in the forward-looking information as a
result of a number of material factors, including failure to secure adequate
financing to develop projects of Shear Wind. Shear Wind undertakes no obligation
to publicly update or revise any forward-looking information contained in this
news release, except as may be required by applicable laws, rules and
regulations. Readers are urged to consider these factors carefully in evaluating
any forward-looking information.


Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".

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