NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.

October 15, 2007 21:17 ET

NaiKun Appoints Tony Fogarassy as General Counsel

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - NaiKun Wind Energy Group Inc., ("NaiKun" or "the company") (TSX VENTURE:NKW) announced today that Tony Fogarassy has been appointed as Director of Corporate Projects and General Counsel for the company.

Mr. Fogarassy joins the company from Clark Wilson LLP, one of Vancouver's most respected law firms, where he founded and chaired the firm's energy law group, and most recently, acted as chair of the firm's newly formed aboriginal practice group. With a strong understanding of the energy sector in BC, Mr. Fogarassy's practice has principally involved commercial, First Nations, environmental, transportation and public policy law, both federally and provincially. Mr. Fogarassy has advised a number of clients such as the Prince Rupert Port Authority, the BC Ministry of Agriculture and Lands, the BC Ministry of Energy, Mines and Petroleum Resources and a suite of industry clients with interests in the BC offshore.

In addition to law, Mr. Fogarassy also has extensive experience as a geologist. He has worked on projects throughout western Canada and on Canada's three coasts as well as internationally for industry and government.

"Naikun is very pleased to have attracted a high caliber performer like Tony Fogarassy to head up the legal function here at NaiKun. His experience and reputation will add significant depth to our management team," noted Naikun's Chairman, Michael Burns.

In his role at NaiKun, Mr. Fogarassy will become a key member of the company's operations team by supporting commercial negotiations and helping to manage corporate projects related to commercial property, resource tenure, environmental assessment and regulatory processes, public policy and First Nations affairs. He will also take the lead on all legal responsibilities for the company.

"Tony's experience working in the energy, natural resources and First Nations sectors in British Columbia, along with his strong background in geology and commercial negotiations will significantly enhance our company's capabilities and advance several key corporate projects," said Ray Castelli, CEO of NaiKun Wind Development Inc. "I'm also delighted that we've added another fellow former resident of Prince Rupert to our team," added Castelli.

Before joining Clark Wilson LLP, Mr. Fogarassy was General Counsel to the Technical University of British Columbia and Legal Counsel to the University of British Columbia. He is a member of several associations including the Law Society of British Columbia, the Canadian Institute of Energy, Ocean Industries BC and the Independent Power Producers Association of British Columbia. He also serves as Director for the GeoScience BC Society and the Burgess Shale Geoscience Foundation.

Mr. Fogarassy holds a Master of Laws (with Merit) degree from the London School of Economics and Political Science, a Bachelor of Laws degree from the University of British Columbia in addition to a Master's of Science (First Class) and a Bachelor's of Science (Honours, First Class) from the University of British Columbia.

NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is a Vancouver-based energy company that has traded on the TSX Venture Exchange (and its predecessors) since 1967. Its stock symbol is NKW. Since 2000, the company has focused on renewable energy. Its subsidiary, NaiKun Wind Development Inc., is engaged in the development of a major offshore wind project off the coast of British Columbia in an area known as the Haida Energy Field. Interested parties are invited to visit the company's website at www.naikun.ca.

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

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