SOURCE: GC China Turbine Corp.

GC China Turbine Corp.

January 27, 2010 08:00 ET

GC China Turbine Corp. Wind Resource Model Accelerates Pace of New Agreements

NEW YORK, NY--(Marketwire - January 27, 2010) - GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China"), a leading Chinese manufacturer of twin blade wind turbines, is pleased to advise that it has entered into a cooperation agreement for the development of a proposed wind farm in Liaoning Province, China.

In November 2009, GC China and Shenzhen Guohan Investment Group signed an agreement concerning wind resource development with the Chaoyang People's Government of Liaoning Province. Under the terms of the agreement, GC China and Shenzhen Guohan agree to set up a wind turbine assembly and research and development facility in Jianping (attached to Chaoyang City), and consequently, the local government will allocate wind farm resources of no less than 300MW to GC China.

Currently the project is in the approvals stage and the first wind resource project of 50MW is expected to begin in 2010. If the project is completed, the expected potential value of orders could exceed US$34.4 million (235 million Yuan).

Electrical generation companies in China commonly face pressure from a government quota system on renewable energies. This is in accordance with China's official mandate that generating capacity from renewable energies in China must reach 5% of the total generating capacity by 2015. The resulting quota has been allocated as a specific percentage to each utility provider across the nation. This policy has led to a significant increase in demand and reliance upon strategic alliances throughout the wind power sector.

The marketplace quickly responded with the creation of a universally accepted marketing practice referred to as the "Wind Resource Model" whereby wind turbine manufacturers obtain development rights for high-quality wind farm projects and then transfer the right of management of those wind farm projects to generation companies which offer guarantees to place purchase orders with the wind turbine manufacturers in exchange for certain rights at the previously developed locations.

Additional details regarding the Company and its business, financial condition and management of GC China and related parties are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About GC China Turbine Corp. (OTCBB: GCHT)

GC China is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$75 million. GC China's launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.5MW and 3.0MW utility scale turbine in development. The Company's initial efforts have been rewarded with contracts of approximately US$135 million to-date. For more information visit:

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, completion of definitive agreements with local and provincial governments, wind farms and utility companies, number of wind turbine systems ordered, manufactured, delivered and installed, the Company's future strategic plans, the outlook for the Company's markets and the demand for its products, estimated sales, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

GC China Turbine Corp.
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Marcus Laun, Director

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