NaiKun Wind Energy Group Inc.
TSX VENTURE : NKW

NaiKun Wind Energy Group Inc.

August 31, 2011 16:59 ET

NaiKun Wind Energy Group: Haida Nation Releases Gunton Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - NaiKun Wind Energy Group (TSX VENTURE:NKW) (the "Company") – The Council of the Haida Nation (CHN) has released the report "Independent Evaluation of the NaiKun Wind Energy Project" authored by Dr. Thomas I. Gunton and Chris T. Joseph both of the School of Resource and Environmental Management at Simon Fraser University. The CHN commissioned the independent review to provide an evaluation of the economic and environmental aspects of the NaiKun Offshore Wind Energy Project (the Project) as they relate to the Haida Nation's involvement in the Project.

The report concluded:

"Based on the principles contained in the agreements negotiated by the Haida and preconditions set by the Haida for approval of the project, we conclude that the project is structured in a way that allows the Haida to realize potential economic benefits with minimum risk… Based on the extensive environmental reviews by Rescan, the federal government, and the provincial government, as well as our own review we conclude that contingent on the implementation of specified mitigation measures, the project is unlikely to have any significant adverse environmental risks."

A link to the complete Report is available on the CHN website at:

http://www.haidanation.ca/Pages/Splash/Documents/Independent%20Evaluation_Tom%20Gunton_August172011.pdf

NaiKun is a British Columbia-based renewable energy company. Located on B.C.'s northwest coast, where the wind resource is one of the strongest and most consistent in the world, NaiKun's Phase I 396MW offshore wind project would generate enough energy to provide electricity to 130,000 B.C. homes. The NaiKun project is at an advanced stage of development with environmental approvals from the Provincial and Federal Governments and agreements in place with key suppliers and First Nations. Given its development status, construction can begin within two years of the award of an electricity purchase agreement. For more information on NaiKun, please visit www.naikun.ca.

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

Contact Information

  • NaiKun Wind Energy Group Inc.
    Michael O'Connor
    President & CEO
    604-639-8460
    604-685-4215 (FAX)
    info@naikun.ca
    www.naikun.ca

    NaiKun Wind Energy Group Inc.
    Media Enquiries
    604-631-4476

    NaiKun Wind Energy Group Inc.
    Investor Enquiries
    604-631-4494