Shear Wind Inc.

Shear Wind Inc.

July 14, 2011 20:41 ET

Shear Wind Announces Director Resignation

HALIFAX, NOVA SCOTIA--(Marketwire - July 14, 2011) - Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced that Gary F. Mackenzie has submitted his resignation as a director, effective July 6, 2011, to allow him to concentrate on other business activities. Mr. Mackenzie faithfully served the board since June 2006. The board of directors and management of Shear Wind would like to thank Mr. Mackenzie for his contribution and commitment to Shear Wind. His expertise was an appreciated contribution to the board of directors. Shear Wind wishes him all the best in his future activities.

Mike Magnus, President and CEO, is appreciative of Mr. MacKenzie's dedication over the years and states, "Gary is one of the founding members of this company, and his support and dedication throughout the years has been immensely valuable. He held the position of Director and Chief Financial Officer up until 2009, and continued on our Board as a Director to this date. He has been a friend as well as a colleague, and we all trust his future to be happy and successful."

Shear Wind has commenced a search to replace Mr. Mackenzie and will announce his replacement in due course. 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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