SOURCE: GC China Turbine Corp.

GC China Turbine Corp.

April 27, 2010 09:47 ET

GC China Turbine Corp. Delivers Initial Shipment of Wind Turbines to Phase One of 200MW Project in Jilin Province, China

NEW YORK, NY--(Marketwire - April 27, 2010) -  GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China"), a leading Chinese manufacturer of twin blade wind turbines, is pleased to announce that it has so far delivered a total of twenty 1.0MW Utility-Class Wind Turbines out of an initial order of fifty turbines to phase one of the Yongmao wind farm project at Taonan, Baicheng, Jilin Province, on behalf of Guoneng Fengshen (Beijing) New Energy Technology Co., Ltd ("Guoneng Fengshen"). The sales contract calls for the entire order of fifty turbines to complete delivery, installation and grid connection this year.

In accordance with agreements between both parties, GC China will assist Guoneng Fengshen in the overall development of its 200MW wind farm in Taonan. Based on this agreement, Guoneng Fengshen has further pledged that the entire 200MW wind farm would purchase and use wind turbines produced by GC China. As a result, should the project be completed and all orders met, the anticipated order of 200 units of 1.0MW 2-blade wind turbines is projected to result in sales to GC China in excess of US$146 million (1 billion RMB).

Guoneng Fengshen is a high-tech joint-stock enterprise specializing in wind energy investments as well as research and development of new energy technologies. The enterprise holds an agreement with the People's Government of Taonan of Jilin Province for the development of 500 megawatts ('MW') of wind farms in Yongmao, Taonan. Currently, 200MW of the project has been established under the auspices of the Jilin Provincial Government and 50MW out of the aforementioned 200MW has obtained construction approval from the Jilin Provincial Development and Reform Commission. An additional 50MW has entered into the approvals process with the Jilin Provincial Gird Connection System.

GC China's sales and marketing efforts have been rewarded with contracts of approximately US$173.5 million to date. For more information visit: www.gcchinaturbine.com

Additional details regarding the Company and its business, financial condition and management of GC China and related parties are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About GC China Turbine Corp. (OTCBB: GCHT)
GC China is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$75 million. GC China's launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.5MW and 3.0MW utility scale turbine in development. For more information visit: www.gcchinaturbine.com

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, completion of definitive agreements with local and provincial governments, wind farms and utility companies, number of wind turbine systems ordered, manufactured, delivered and installed, the Company's future strategic plans, the outlook for the Company's markets and the demand for its products, estimated sales, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
GC China Turbine Corp.
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Marcus Laun, Director

For more information visit our website at: www.gcchinaturbine.com

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