Uniterre Resources Ltd.

Uniterre Resources Ltd.

July 28, 2006 13:50 ET

BC Hydro Embraces Wind Energy-1000 GWh of Power Purchase Agreements Awarded to Wind Power Developers

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2006) - Uniterre Resources Ltd. (TSX VENTURE:UNT) is reporting a material development regarding it's subsidiary NaiKun Wind Development Inc. ("NaiKun"), proponent of the world's largest offshore wind project. The company is pleased to advise shareholders of the results of BC Hydro's 2006 Call for Power tender process, announced on July 27, 2006.

BC Hydro awarded power purchase agreements (PPAs) to independent power producers representing 7,351 GWh of energy per annum; almost three times the size of the original Call of 2,500 GWh.

Of the four bidders that tendered wind development projects to the Call for Power, three were awarded PPAs totaling almost 1,000 GWh per annum. The price per megawatt for wind projects was not disclosed. NaiKun estimates the range of prices of the 16 largest projects to be $70 to $85 per megawatt hour. The average term was 30 years.

NaiKun believes that these first wind power PPAs of nearly 1,000 GWh clearly demonstrates BC Hydro's acceptance of the potential of wind power in BC.

NaiKun did not tender a proposal to this Call, however it anticipates tendering a proposal to BC Hydro's next call for power in late 2006 or early 2007, which is expected to be for 5,000 GWh of energy; twice the size of the 2006 Call. NaiKun's proposal will be for the development of Phase I of the NaiKun offshore wind project, a 320 MW phase generating 1,200 GWh.

NaiKun Wind Development Inc.

NaiKun Wind Development Inc. is a Vancouver based company developing the world's largest offshore wind project in the Hecate Strait between the Queen Charlotte Islands (Haida Gwaii) and the coast of mainland British Columbia, Canada. The five phase NaiKun offshore wind project will have a capacity of 1,750 MW and will generate enough electricity to power more than 600,000 homes. NaiKun Wind Development Inc. is a subsidiary of BC-based Uniterre Resources, and its website can be accessed at www.naikun.ca.

Uniterre Resources Ltd. is a Vancouver-based energy and exploration company that has traded on the Toronto Venture Exchange (and its predecessors), since 1967. Its symbol is UNT. Since 2000, Uniterre has focussed its main business efforts in renewable energy and has recently focused the majority of its efforts on wind power.

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

Contact Information