NKW Oceanic Wind Energy Inc

NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) announced today that its
offshore wind energy project is no longer under consideration in BC Hydro's
Clean Power Call procurement process.


NaiKun Wind submitted a proposal to BC Hydro in November 2008 for a 396MW
offshore wind energy project to be built in the Haida Energy Field in Hecate
Strait off British Columbia's northwest coast. 


"We are obviously very disappointed with the outcome and will seek discussions
with BC Hydro to fully understand its decision and determine the most effective
path forward for the project," said Paul Taylor, NaiKun Wind's President and
CEO. "We firmly believe that projects of our scale and advanced degree of
development are necessary for B.C. to reach its electricity self-sufficiency
objective and climate change goals and to meet future demand growth."


The Government of British Columbia has set the course for continued growth in
the province's renewable energy sector, announcing earlier this year that a
Clean Energy Act will be presented to the legislature in the current sitting.
The Act is intended to establish a fair, predictable contract procurement
process as part of a comprehensive strategy to put B.C. at the forefront of
clean energy development. A framework for power exports is also anticipated in
the legislation, which points toward significant procurement of power from new
sources including larger generation facilities such as NaiKun Wind's project.


"Our project is at an advanced stage of development including areas such as
First Nations partnerships, environmental approvals, project planning, equipment
resourcing and wind resource evaluation," added Taylor. "Working with ENMAX,
First Nations and key suppliers such as Siemens Canada, we look forward to
discussing with BC Hydro and the Provincial Government how the 396MW project and
the Haida Energy Field will fit into the province's clean energy strategy and
electricity procurement plans."


NaiKun Wind continues to work with the Federal Government on the completion of
its environmental review process for the project. The Company also continues to
assist the Haida Nation in its effort to secure support from the Federal
Government that would enable the Haida Nation to become one of the generation
project's equity owners.


In addition to advancing the offshore wind project, NaiKun Wind is pursuing the
acquisition of other renewable energy assets in order to diversify the Company's
risk profile and secure near-term revenue. 


NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy
company. The Company's primary focus is the development of a 396MW offshore wind
energy project which will generate enough clean, renewable energy to provide
electricity to 130,000 B.C. homes. NaiKun Wind is committed to working in
partnership with First Nations and collaboratively with stakeholder groups and
local communities. For more information, please visit www.naikun.ca.


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.

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