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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 Inc.: Environmental Approval on Alberta Site-100 MW

11/04/2012 2:35pm

Marketwired Canada


Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced that it has received
Environmental Approval (the "Approval") from Alberta Sustainable Resource
Development (ASRD) for the Willowridge Wind Power Project (the "Willowridge
Project"), which is to be located south of Fort MacLeod, Alberta. The
Willowridge Project is planned to be 100 Megawatts (MW).


Mr. Mike Magnus, Shear Wind's President and CEO stated, "We are very pleased to
have received this approval in relation to the Willowridge Project, as it gives
us the solid basis to move forward to build out the wind farm. The ASRD Approval
takes us a major step further in our readiness and we are pleased with our
progress." 


Shear Wind has worked extensively on the Willowridge Project for over six years,
having completed studies and evaluations indicating that the site could provide
up to 400 Gigawatt hours (GWH) of renewable energy for the communities of
Alberta. 


The ASRD Approval took into account the environmental reports and studies done
by Shear Wind for the Willowridge Project, the proposed turbine locations and
the associated mitigation measures presented for the defined project. The Report
stated: "ASRD-FWD has reviewed the proposal (including turbine locations) and is
satisfied with the monitoring and mitigation of impacts to wildlife and their
associated habitats, including Species at risk." Their approval included Shear
Wind's proposed mitigation strategies, including associated infrastructure and
construction plans, and post construction monitoring program. 


Shear Wind is currently working on other projects in Nova Scotia, and are
working towards submissions answering a call for renewable energy. The
submissions will be for up to 80 MW of electrical generation on the Glen Dhu
South site and 50 MW on the Canaan Mountain site. Approvals for the Request for
Proposals are anticipated to be in the summer months. Adjacent to the proposed
site of the Glen Dhu South Project, Shear Wind built and is operating the 62 MW
Glen Dhu Wind Energy (North) facility which is presently the largest wind
facility in Nova Scotia. 


Shear Wind has projects in development in Nova Scotia, New Brunswick,
Saskatchewan and Alberta. Magnus further stated, "We are really pleased to be
able to advance projects concurrently in both provinces, and are looking forward
to finalizing the development and construction in both provinces in 2013-2014."


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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