Shear Wind Inc.
TSX VENTURE : SWX

Shear Wind Inc.

June 19, 2008 12:41 ET

Congratulations Shear Wind !

HALIFAX, NOVA SCOTIA AND CALGARY, ALBERTA--(Marketwire - June 19, 2008) - Mike Magnus, President and CEO of Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announces the awarding to Shear Wind as being selected one of the 2008 TSX Venture 50, a ranking of the top 50 public companies listed on the TSX Venture Exchange.

The TSX Venture 50 are the top 10 companies in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and cleantech. The companies were chosen based on a ranking formula with equal weighting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of December 31, 2007.

Mike Magnus said, "We are extremely proud of this honour, as it is a reflection of the quality of our people and their dedicated efforts. We see the award as a validation of the successful growth and development we have attained over the past year at Shear Wind as one of this country's most dynamic renewable energy providers."

Magnus concludes, "We hope that this news provides the Canadian investment community additional recognition of the strength of Shear Wind's portfolio as a solid investment opportunity."

Shear Wind signed a Power Purchase Agreement with Nova Scotia Power and is building a 60 MW Wind Power Facility in Nova Scotia, and has recently announced access to the Alberta transmission grid for a 100MW facility targeting initial construction activities to begin in 2009.

The TSX Inc. has issued a logo which recipients are able to use in promotional and informational material.

About Shear Wind

Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable energy in Canada and is focused on building a strong company based on a secure and sustainable supply of clean energy. Additional information on the various projects may be viewed on Shear Wind's website: www.shearwind.com

Shear Wind Inc. trades on the TSX-Venture as "SWX".

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

Forward-Looking Statements

This news release may contain certain forward-Looking Statements. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. However, we disclaim any intention and assume no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

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

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