Cleanfield Alternative Energy Inc.
TSX VENTURE : AIR

Cleanfield Alternative Energy Inc.

November 27, 2008 16:35 ET

Cleanfield Announces TSX Venture Exchange Approval for One Million Dollar Share Issuance

ANCASTER, ONTARIO--(Marketwire - Nov. 27, 2008) - Cleanfield Alternative Energy Inc. (TSX VENTURE:AIR) announces, after receiving TSX Venture Exchange ("Exchange") approval, it issued 1,693,480 common shares at $0.59 per share relating to a previously announced private placement with Zhejiang Jingye Technology Co. Ltd. In conjunction with the private placement, 80,000 common shares were issued to Micari Consulting Inc. as a finder's fee. All common shares issued are subject to a four-month Exchange hold period expiring March 27, 2009.

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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