SOURCE: GC China Turbine Corp.

GC China Turbine Corp.

January 26, 2010 08:30 ET

GC China Turbine Corp. Reaches Wind Farm Resource Agreement With Baicheng Municipal Government of Jilin Province, China

NEW YORK, NY--(Marketwire - January 26, 2010) - GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China"), a leading Chinese manufacturer of twin blade wind turbines, wishes to advise that it has recently entered into a significant cooperation development agreement as part of its ongoing five-year strategic plans.

In December 2009, GC China signed a cooperation agreement on wind resource development with the Baicheng Municipal Government of Jilin Province, China. The agreement encompasses 3 projects in total, with the first project planned for Sijianfang located in the Taobei District of Baicheng where the total planned installation capacity is 200MW and construction is slated to start by June 2010. If the project is completed, the expected potential value of orders could exceed US$137.6 million (940 million Yuan).

The second project is in an area known as the Private Development Zone of Baicheng where the total planned installation capacity is 100MW and if completed, could have an expected potential value of orders in excess of US$68.8 million (470 million Yuan). The project is undergoing an approvals process spearheaded by the Minkai District Tonghe Merchants Corp. which aims to have the requisite permitting completed by April 2010.

Lastly, the Company has an agreement with the Management Commission of the Taonan Economic Development Zone located in Taonan of Baicheng that provides for GC China introducing a glass fabric reinforced plastic manufacturer of turbine blades into the Taonan District in 2010. Based on this, the Management Commission of Taonan Economic Development Zone will commit to offer 500MW of wind farm resources to the Company, which could have an estimated potential value of orders in excess of US$344 million (2.35 billion Yuan). The wind farm project is slated to commence construction in 2011.

The entire wind power industry in China is growing rapidly due to Government mandates and policies that affect the power generation sector as a whole and which have led to a number of innovative responses resulting in cooperative strategic affiliations between equipment manufacturers, wind farm operators and regional electrical utilities providers.

This has led to the creation of a universally accepted marketing practice referred to as the "Wind Resource Model." This significant step forward has been successfully adopted and utilized by several well established mainstream wind turbine manufacturers and their regional partners in China.

The key to the success of the wind resource model is that wind turbine manufacturers themselves obtain development rights for high-quality wind farm projects and then transfer the right of management of those wind farm projects to generation companies which offer guarantees to place purchase orders with the wind turbine manufacturers in exchange for certain rights at the previously developed locations.

In 2009, GC China announced its aims for future strategic planning under the wind resource model, with a focus on creating wind resource strategies targeting known development regions so as to reserve those locations for future marketing and development alliances. The Company's strategic plan was adopted in 2009 through a demonstration of the model held in conjunction with leaders and experts from the Chinese Ministry of Science and Engineering and Information Department.

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. The Company's initial efforts have been rewarded with contracts of approximately US$135 million to-date. For more information visit:

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.

GC China Turbine Corp.
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Marcus Laun, Director

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