Vector Wind Energy Inc.

Vector Wind Energy Inc.

April 03, 2006 12:11 ET

Vector Completes Acquisition of Royal Road Project from Vision Quest

OTTAWA, ONTARIO--(CCNMatthews - April 3, 2006) - Vector Wind Energy Inc. ("Vector") (TSX VENTURE:VWE) is pleased to announce that it has completed the acquisition of the Royal Road Wind Farm development project from Vision Quest, a division of TransAlta Energy Corporation. The Royal Road project is located in Prince Edward County near Picton, Ontario. The proposed project can support approximately 20 megawatts (MW) of wind development.

"Royal Road fits well with our Ontario strategy," said Brian Barr, President of Vector. "It is close to our other projects on Lake Ontario. It is the right size to take advantage of many of the 'pro-wind' initiatives being promoted by the Ontario government which increases the likelihood that the project will be built," he said. "Now that the acquisition is complete, we can focus on completing the zoning and financing arrangements to get Royal Road ready for construction," said Barr.

Vector is a developer of wind energy projects in Canada. Currently Vector has 23 active projects around the country at various stages of exploration and development. These projects have the potential to support over 1,000 Megawatts of wind energy capacity.

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Words such as "should" "believes", "expects", "intend", "anticipates", "potential" or similar expressions in this document connote forward looking statements which predict future events. Future events are subject to various risks and uncertainties and may not transpire as predicted by such forward looking statements. Please refer to our publicly filed documents for a more complete discussion of risk factors to which our company is subject.

Shares Outstanding: 16,271,632

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

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