Vector Wind Energy Inc.
TSX VENTURE : VWE

Vector Wind Energy Inc.

December 05, 2006 17:42 ET

Vector Announces Adjournment of Special Meeting to Consider Plan of Arrangement With Canadian Hydro Developers, Inc.

OTTAWA, ONTARIO--(CCNMatthews - Dec. 5, 2006) - Vector Wind Energy Inc. ("Vector" or the "Company") (TSX VENTURE:VWE) announced today that certain Vector shareholders and warrantholders may not have received, due to a mailing error, the information circular and proxy pertaining to the special meeting originally called for December 7, 2006 to consider the proposed plan of arrangement with Canadian Hydro Developers, Inc. The Company's transfer agent and registrar has confirmed that all meeting materials have since been properly mailed. The Information Circular is also available by contacting the Company or via SEDAR.

Accordingly, the meeting will be adjourned to 10:00 a.m. on Thursday, December 21, 2006 at the offices of the Company at 30 Metcalfe Street, Suite 620, Ottawa, Ontario, Canada, K1P 5L4. The time for depositing proxies or exercising dissent rights will now be 5:00 p.m. (Ottawa time) on Tuesday, December 19, 2006 and proxies may be revoked at any time up to 5:00 p.m. (Ottawa time) on Wednesday, December 20, 2006, or with the Company's secretary on the day of the meeting.

As of the close of business on December 5, 2006, Vector had received proxies representing over 10 million shares and warrants with over 99% voting in favour of the proposed arrangement.

Vector is a developer of wind energy projects in Canada. Currently Vector has 20 active project areas around the country at various stages of exploration and development. These projects have the potential to support over 1,000MW of wind energy capacity.

Words such as "should", "believes", "expects", "intends", "anticipates", "potential" or similar expressions in this document connote forward looking statements which predict the outcome of future events. Future events are subject to various risks and uncertainties which may cause actual outcomes to differ materially from that predicted by such forward looking statements. Please refer to our publicly filed documents for a discussion of various risk factors to which our Company is subject and which may affect materially the outcome of future events.

Shares Outstanding: 17,714,687

The TSX Venture Exchange has in no way passed upon the merits of any transaction described in this press release and has neither approved nor disapproved its contents.

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