IRONWOOD, Mich., June 8 /PRNewswire-FirstCall/ -- The 2009 Annual Shareholder Meeting of Keweenaw Land Association, Limited (Pink Sheets: KEWL) is slated for 9:00 a.m. CDT on June 23, 2009 in Ironwood, Michigan. The Keweenaw Board of Directors is asking its shareholders to vote for Board nominees James P. Totten and David E. McDonald, Sr. on the Company's green proxy card. Mr. Totten brings a diverse background and a wealth of industry operating experience to the Board. Mr. McDonald, a long-time attorney in the state of Michigan adds significant background in Michigan business law, an understanding of real estate issues, and brings the benefit of long-standing relationships with local and state agencies and government officials. Dissident shareholders Ronald S. Gutstein and Scott Frisoli would bring little to the Board: -- They are not qualified, not possessing the qualifications that companies use in selecting board members. -- Though undoubtedly possessing skills in the securities industry, they lack executive level experience in an industrial company and industry-specific experience in timberlands and minerals management, a fact acknowledged by RiskMetrics in its 2008 report. -- Neither individual has visited the Company, toured the Company's timberland holdings, or had in-depth on-site discussions with senior managers. -- The new ideas presented in their 2009 proxy statement, though very welcome, demonstrate a lack of understanding of the Company and the region in which the Company operates. -- They propose an idea to develop a wind-power generation project on Keweenaw lands. Such a project is not feasible on Keweenaw lands: -- None of the Company's land surface ownership lies in areas that experience the prevailing winds necessary for consistent wind-power generation. -- The closest scale wind power development is nearly 400 miles away, with no development activity in the area. -- Little electrical transportation infrastructure exists in the region. -- They propose the development of an ATV/Snowmobile Park. Again, a "for profit" recreational facility of this type would not be viable due to currently existing free-of-charge recreational opportunities: -- The Michigan Department of Natural Resources manages over 3,200 miles of trails for free public, off-road vehicle and ATV use, as well as 6,200 miles of free groomed snowmobile trails, some of which cross Keweenaw ownership. -- The Ottawa National Forest, a one million acre forest tract in the western and central Upper Peninsula of Michigan, partially interspersed with Keweenaw properties, provides free availability of over 2,400 miles of roads and trails for use by off-road vehicles and snowmobiles. -- They propose registration under the Securities Exchange Act. Though a benefit to larger companies and required by companies listed on major exchanges, the substantial costs of registration and on-going reporting are unwarranted, given the lack of proven benefit and the size of Keweenaw. The Board of Directors is very concerned that Mr. Gutstein and Mr. Frisoli may "disenfranchise" shareholders that vote on their proxy card. -- On page 14 of their proxy statement, they assert their right to withhold their proxies to prevent the formation of a quorum at the 2009 Annual Shareholder Meeting. -- Is it fair to Keweenaw shareholders, those voting on the Gutstein/Frisoli card as well as those voting on the Board of Directors card, that their votes may not be counted? Your Keweenaw Board of Directors urges you to vote today. Make your voice heard by voting on the Company's green proxy card. If you have already voted on the dissident's white proxy card, you may change your vote by simply voting online at http://www.proxyvote.com/ or by calling 1-800-454-8683 and entering the control number from your green proxy card. If you have questions about voting or need a replacement proxy card, please contact Mr. Charles Garske of Georgeson, Inc., the Company's proxy representative, at (212) 440-9916. For further information about Keweenaw or this article, contact Robert M. Davenport at (906) 932-3410. DATASOURCE: Keweenaw Land Association, Limited CONTACT: Charles Garske of Georgeson, Inc., +1-212-440-9916 or Robert M. Davenport, +1-906-932-3410 Web Site: http://www.proxyvote.com/

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