Vector Wind Energy Inc.

Vector Wind Energy Inc.

May 12, 2005 13:48 ET

Vector Qualifies in Saskatchewan

OTTAWA, ONTARIO--(CCNMatthews - May 12, 2005) - Vector Wind Energy Inc. (TSX VENTURE:VWE) announced today that it has received confirmation that all three of its Saskatchewan projects have qualified for SaskPower's 2005 Environmentally Preferred Power solicitation. "Qualifying for this program gives us the opportunity to bid up to 24MW of wind capacity from each of our three sites." said Brian Barr, CEO of Vector. The Company will proceed with interconnection studies this summer in anticipation of filing formal bid documents in September 2005. SaskPower is expected to announce the successful proponents in this solicitation by January 2006.

In other developments, the Company announced that it has retained PricewaterhouseCoopers LLP as auditors. "We are very pleased to be working with Price Waterhouse" said Ron Benn, Vector's Chief Financial Officer. "They have extensive experience in the power industry and given the national scope of our operations, we think a national audit firm will be an asset."

Vector is a developer of wind energy projects in Canada. It is currently active in 6 provinces and Nunavut with 13 projects at various stages of exploration and development. These projects have the potential to support over 500MW of wind energy capacity.

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Certain statements in this press release may constitute forward looking statements which relate to future events. Words such as "should" "believes", "expects", "intend", "anticipates", "potential" or similar expressions are indicative of forward looking statements. Future events are subject to risks and uncertainties and may not transpire as predicted by such forward looking statements. Please refer to our publicly filed documents for a more complete discussion of risk factors to which our company is subject.

Shares Outstanding: 13,488,634

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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