NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.
NaiKun Wind Development Inc.

NaiKun Wind Development Inc.

December 15, 2006 19:56 ET

NaiKun Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) - NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) and NaiKun Wind Development Inc. -

Chairman and President of NaiKun Wind Energy Group Inc., Michael C. Burns, announced today that Vancouver public relations firm James Hoggan and Associates has entered into a private placement agreement to acquire some 27,000 shares of NaiKun Wind Energy Group Inc. at a price of C$0.55 per share.

NaiKun Wind Energy Group Inc. is a Vancouver-based energy company that has traded on the TSX Venture Exchange (and its predecessors) since 1967. Its stock symbol is NKW. Since 2000, the company has focused on renewable energy and is now concentrating on development of a major wind farm in British Columbia's Hecate Strait.

NaiKun Wind Development Inc. has been engaged in wind energy development in the Haida Energy Field off the coast of British Columbia since 2001. When fully operational, its five-phase 1,750 MW NaiKun Wind Farm will generate enough electricity to power 600,000 homes. Construction of Phase 1 is expected to begin in 2009. NaiKun Wind Development Inc. is a wholly owned subsidiary of NaiKun Wind Energy Group. Interested parties are invited to visit the company's website at www.naikun.ca.

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

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