CHINA WIND POWER INTERNATIONAL CORP

CHINA WIND POWER INTERNATIONAL CORP

September 28, 2010 03:00 ET

CHINA WIND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OFFERING FOR MINIMUM GROSS PROCEEDS OF $3 MILLION

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TORONTO, Sept. 28 - China Wind Power International Corp. ("China Wind" or the "Company") today announced a non-brokered private placement offering for minimum gross proceeds of CAD $3.0 million (the "Offering"). The Offering is being made as a condition of an approximate $50 million banking loan arrangement that the Company is currently in the final stages of processing.

The Offering will comprise the sale of common shares, each at a price of CAD$1.80. No commissions will be paid in connection with the Offering. The closing of the Offering is expected on about October 29, 2010. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and regulatory authorities. The securities issued upon the closing of the offering will be subject to a four-month hold period from the date of issue. Proceeds from the offering will be used for working capital and general corporate purposes.

The Company's current largest shareholder Ruihao Trust has indicated an intention to subscribe for at least 1.5 million shares under the Offering, representing at least CAD$2.7 millions. As of today, Ruihao Trust owns a total 42,619,158 shares, representing 63.67% of the outstanding number of Shares on a fully-diluted basis.

Certain other directors and senior officers of the Company may also subscribe for shares under the Offering which would represent an aggregate of less than 1% of the number of shares issued and outstanding.

The proposed purchase of shares by the Company's directors, senior officers, and control persons constitutes a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). However, exemptions from the formal valuation and minority approval requirements for a related party transaction is expected to be available to the Company as the fair market value of the expected subscriptions from the Company's directors, senior officers, and control persons will not exceed 25% of the Company's market capitalization.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any jurisdiction.

About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the growing demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, Heilongjiang Province, which has a demonstrated potential installed capacity of 1,150 MW of wind energy developable over an area of 612 square km. While 1,150 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out 546 MW over five development phases. The Company's common shares are listed on the TSX Venture Exchange under the symbol CNW. The Company has approximately 61. 5 million shares outstanding.

For more information and the latest updates on China Wind Power, visit our investor relations blog at http://chinawindpower.posterous.com or follow us on Twitter at http://twitter.com/ChinaWindPower

Forward-looking statements

Certain statements that are not historical facts made in this press release may be forward looking statements subject to risks and uncertainties. Statements containing words such as "will", "could", "expect", "may", "anticipate", "believe", "intend", "estimate", "plan" and other similar expressions are forward-looking statements that represent management's beliefs at the time the statements are made and are based on certain factors and assumptions including wind farm construction and commercial production schedule, output and capacity, revenue and earnings expectations and market potential. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties involving the availability of financing; fluctuations in currency exchange rates; uncertainties relating to economic and market conditions; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to develop the projects and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in the information circular dated May 29, 2009 relating to the Company's reverse take-over with Berkshire Griffin Inc., which is available at www.sedar.com under the Company's profile. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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