Shear Wind Inc.

Shear Wind Inc.

August 31, 2011 15:52 ET

Shear Wind Announces Addition to Board of Directors

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 31, 2011) - Further to its news release dated July 14, 2011, Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) is pleased to announce the appointment of Aubrey Palmeter to Shear Wind's Board of Directors. Mr. Palmeter's appointment fills a position left vacant with a resignation of a board member in July, 2011.

Mr. Palmeter is President & CEO of EastPoint Engineering Limited in Halifax, N.S. During his career, Mr. Palmeter has led or participated in a broad range of consulting and construction activities including strategic planning, organizational studies, facility planning, design, business case analysis and life cycle costing, construction, and acquisition. He has an in-depth understanding of specialized engineering services ranging from design to design-build-finance-operate.

Mr. Palmeter has provided his support to a number of not-for-profit organizations and industry associations. He has served on the Boards of a number of public and private Corporations in both Canada and the United States, and is a graduate of the Institute of Corporate Directors Education Program and holds the designation of ICD.D

Mike Magnus, President and CEO, welcomes Mr Palmeter to the Board, stating, "We are confident that his experience in business and strategic planning will bring a great deal to our organization, and I look forward to working with him over the next year."

The Shear Wind Board of Directors continues to work with the Management Team to provide long-term strategic focus to the benefit of the shareholders.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Shear Wind in any jurisdiction.

About Shear Wind

Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is engaged in the exploration and development of renewable wind energy properties in Canada. Shear Wind is focused on building a strong company based on a secure and sustainable supply of clean wind energy. Shear Wind is committed to building shareholder value governed by environmental stewardship. Inveravante Inversiones Universales, S.L., an international corporation based in Spain, indirectly owns 62% of Shear Wind on a fully-diluted basis and 49% of Glen Dhu Wind Energy Limited Partnership through Genera Avante Holdings Canada Inc., following its investment in Shear Wind in November 2009.

Additional information on the various projects may be viewed on Shear Wind's website:

Forward-Looking Statements / Information

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. Actual results may differ materially from information contained in the forward-looking information as a result of a number of material factors, including failure to secure adequate financing to develop projects of Shear Wind. Shear Wind undertakes no obligation to publicly update or revise any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".

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

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