Cleanfield Alternative Energy Inc.
TSX VENTURE : AIR

Cleanfield Alternative Energy Inc.

September 26, 2008 16:28 ET

Cleanfield Announces Share Issuance

ANCASTER, ONTARIO--(Marketwire - Sept. 26, 2008) - Cleanfield Alternative Energy Inc. (the "Corporation") (TSX VENTURE:AIR) announces that, subject to TSX Venture Exchange (the "Exchange") approval, it will issue 307,186 common shares at $1.00 per share to satisfy certain debt owing to eight arm's length creditors of its subsidiary, Cleanfield Energy Corp. The common shares will be issued when the Exchange's approval is received. All common shares issued will be subject to a four-month Exchange hold period when issued.

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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