NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.

November 28, 2008 09:01 ET

NaiKun Moves to Tier 1 Listing on TSX Venture Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2008) - NaiKun Wind Energy Group Inc. ("NaiKun") (TSX VENTURE:NKW) is pleased to announce that it has been upgraded to a Tier 1 listing on the TSX Venture Exchange, effective November 28, 2008.

Tier 1 is the TSX Venture Exchange's premier tier and is reserved for advanced companies with significant financial resources. Advantages of a Tier 1 listing include a more favourable regulatory environment and increased opportunity for participation by institutional investors.

"NaiKun's progress to date reflects the strength of our team, the promise of our project and a solid financial position that will enable us to continue moving forward. The upgrade to Tier 1 acknowledges our success in these areas and we are delighted to have reached this important milestone," said NaiKun President and CEO Paul Taylor.

NaiKun recently submitted a proposal to BC Hydro to supply up to 396 megawatts of electricity from Canada's first offshore wind energy facility. This first phase of NaiKun's project would provide enough electricity to power approximately 130,000 homes in British Columbia.

NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is a Vancouver-based renewable energy company that is traded on the TSX Venture Exchange. Its subsidiary, NaiKun Wind Development Inc., is engaged in the development of an offshore wind project in Hecate Strait, off the northwest coast of British Columbia, Canada. Additional information is available on NaiKun's website, www.naikun.ca.

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

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