NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.

August 21, 2007 08:30 ET

NaiKun, ENMAX Corporation Sign Professional Services Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 21, 2007) - NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is pleased to announce that it has signed a Professional Services Agreement (PSA) with ENMAX Corporation covering the development of Phase One (320 MW) of NaiKun's offshore wind farm proposed for Hecate Strait in northwestern British Columbia.

In March of this year, NaiKun and ENMAX entered into an agreement to work together in strategic areas of development for the first phase. The PSA signed today describes in detail the resources that ENMAX is committing to the project and the ways in which ENMAX can contribute to ensuring the wind farm is designed and built to achieve optimal results.

"Our partnership with ENMAX is progressing well and we are pleased to have a formal professional services agreement in place," said NaiKun Wind Development President and CEO, Ray Castelli. "NaiKun will be able to draw on ENMAX's expertise in building energy projects, and particularly its work on wind farms. We have a strong relationship with ENMAX and will continue to collaborate strategically as the project moves forward," he added.

ENMAX has wind energy assets in Alberta and is a recognized leader in marketing greenhouse gas credits. The Calgary-based utility also owns generation assets in British Columbia and has a substantial transmission background in the province.

"ENMAX's experience securing electricity purchase agreements will be very beneficial to NaiKun as we prepare to participate in BC Hydro's upcoming Call for Power," Castelli said.

NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) is a Vancouver-based energy company that has traded on the TSX Venture Exchange (and its predecessors) since 1967. Since 2000, the company has focused on renewable energy. Its subsidiary, NaiKun Wind Development Inc., is engaged in the development of a major offshore wind farm off the coast of British Columbia in an area known as the Haida Energy Field. Interested parties are invited to visit the company's website at www.naikun.ca.

ENMAX Corporation and its predecessors have provided Albertans with safe and reliable electricity for 100 years. ENMAX provides electricity, natural gas, renewable energy and value-added services to residential, commercial and industrial customers in Alberta through its subsidiary companies. ENMAX Energy is one of Alberta's largest investors in renewable energy assets with 100 per cent ownership of output from the McBride Lake Wind Farm and Taber Wind Farm and has interests in four British Columbia green energy projects. ENMAX Energy has the largest green power marketing program of its kind in Canada and in 2006 received the Consumer Champion Award for its ground-breaking EasyMax™ program.

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

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