Shear Wind Inc.

Shear Wind Inc.

March 05, 2010 16:46 ET

Shear Wind Inc. Announces Continuance Under Canada Business Corporations Act and New Director

HALIFAX, NOVA SCOTIA--(Marketwire - March 5, 2010) - Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced today that the continuance of Shear Wind under the Canada Business Corporations Act, approved by Shear Wind's shareholders at the annual and special meeting of shareholders held on February 10, 2010 ("Meeting"), is now complete.

Shear Wind was continued under the Canada Business Corporations Act and received a Certificate of Continuance with an effective date of March 1, 2010.

Shear Wind is also pleased to announce that Jose Fernandez Olano was elected to Shear Wind's board of directors at the Meeting. Mr. Olano brings extensive expertise and experience to the board. The five member board of directors of Shear Wind is now comprised of Jose Fernandez Olano, Luis Garcia Jimenez, Antonio de la Morena Pardo, Michael J. Wheatley and Gary F. MacKenzie.

About Shear Wind

Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable wind energy properties in Canada. Shear Wind is focused on building a strong company based on a secure and sustainable supply of clean wind energy. Shear Wind is committed to building shareholder value governed by environmental stewardship. Additional information on the various projects may be viewed on Shear Wind's website:

Forward-Looking Statements / Information

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements concerning: the potential growth opportunities of Shear Wind and the synergies resulting from the private placement. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. Actual results may differ materially from information contained in the forward-looking information as a result of a number of material factors, including failure to secure adequate financing to develop projects of Shear Wind. Shear Wind and Inveravante undertake no obligation to publicly update or revise any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".

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

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