Cleanfield Alternative Energy Inc.

Cleanfield Alternative Energy Inc.

November 19, 2008 10:13 ET

Cleanfield Announces New Slate of Directors and Granting of Stock Options

ANCASTER, ONTARIO--(Marketwire - Nov. 19, 2008) - Cleanfield Alternative Energy Inc. (the "Corporation") (TSX VENTURE:AIR) announced that, at the Annual General Meeting of Shareholders on November 14, 2008, shareholders voted to elect the Cleanfield nominees to the Board of Directors.

Tony Verrelli, President, Cleanfield Alternative Energy, said: "We are pleased with Friday's results and we look forward to moving forward with the new Board. The addition of the new directors will enable management to implement new strategies which will enhance shareholder value."

The new Board of Directors is made up of the following individuals: Mr. Joe Halstead, Mr. John Ferguson, Mr. Bruno Maruzzo, Mr. Brian Miloski, Mr. Mihail Stern and Mr. Tony Verrelli.

In addition, the Corporation granted an aggregate of 840,000 stock options to directors and employees of the Corporation. A total of 710,000 stock options were granted to directors of the Corporation and 130,000 stock options were granted to employees. All options are exercisable at a price of $0.40 per common share, being the price on the close of business on November 17, 2008. All options granted vest after four months and have a term of 5 years, expiring on November 18, 2013.

About Cleanfield Alternative Energy Inc.

Cleanfield Alternative Energy Inc. is the parent company of Cleanfield Energy Corp. and is committed to the development of renewable energy products for both consumer and commercial applications. Cleanfield's tailor-made VAWT can be mounted on a tower or suitable rooftop, offering electricity independence and security.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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