Shear Wind Inc.

Shear Wind Inc.

October 28, 2011 17:09 ET

Shear Wind Announces Addition to Board of Directors

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 28, 2011) - Further to its news release dated October 24, 2011, Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) is pleased to announce the appointment of Jaime de Lacalle Noriega to Shear Wind's Board of Directors. Mr. de Lacalle Noriega's appointment fills a position left vacant with a resignation of José Fernandez Olano.

As Chief Financial Officer of Inveravante Group since 2007, Jaime ´s expertise in project finance and financial markets will be a highly valuable asset to Shear Wind Inc.

Shear Wind President & CEO Mike Magnus welcomes Mr. de Lacalle Noriega, "We are very happy to include Jaime as a member of our Shear Wind Board, and know that his contributions to our organization will be significant. We look forward to working with him as we advance with our company's aggressive growth strategy."

Shear Wind's growth strategy encompasses projects in operation and development in Nova Scotia, New Brunswick, Saskatchewan and Alberta.

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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