Wind Works Power Corp.
OTC Bulletin Board : WWPW
FRANKFURT : R5E1

Wind Works Power Corp.

April 28, 2011 09:00 ET

Wind Works Power Corp. Closes Sale of a 50% Interest in German Project

OTTAWA, ONTARIO--(Marketwire - April 28, 2011) - Wind Works Power Corp. (OTCQB:WWPW)(FRANKFURT:R5E1)(WKN:A0RPM2) is pleased to announce it has signed agreements and closed on the sale of a 50% interest in Wind Park Burg 1, a 4 megawatt (MW) wind project located in Germany. Following the sale, Wind Works will retain a 50% ownership of the project, and will continue to manage its ongoing development.

Transaction Highlights:

  • 50% interest sold to private European investor group, 50% to be retained by Wind Works

  • 860,000 Euro (approx. $ 1.2 Million) down-payment, further payments to follow based on milestones

  • Wind Works will earn a 1.5% royalty on gross revenues of the wind farm, with the potential to increase the royalty interest to 2.5% based on performance

  • Construction start date scheduled for September 2011, budgeted construction costs are 10 Million Euro

"This sale re-enforces our strategy of diversifying in to 3 markets globally – Germany, Canada and the USA", comments Dr. Ingo Stuckmann, Wind Works' President and CEO." With our recent sale of 50MW in Ontario, Canada, we have now generated revenue in 2 markets and our plans call for revenue to be earned as early as next year in the US market following our recently announced acquisition of Thunder Spirit, a 150MW project located in North Dakota."

About Wind Works - Zero Emission People

Our mission is to provide the opportunity for people to participate in the development of renewable wind energy projects. We believe in making sound, environmentally conscious investments that are good for our shareholders and our planet. To eliminate one person`s carbon footprint of 10 tons each year (for Germany), it only takes a modern windmill 1 day by producing approx. 20,000 kilowatt hours of zero emission energy. For more information, please visit: ww.windworkspower.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company's control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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