Shear Wind Announces Commercial Operation of Phase 1 of Glen Dhu Project

Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announces that on December 31,
2010, Glen Dhu Wind Energy Limited Partnership ("Glen Dhu LP") achieved
commercial operation of Phase 1 of its 62.1 MW Glen Dhu wind power project in
Nova Scotia (the "Glen Dhu Project"), comprising nine wind turbines with a
nameplate capacity of 20.7 MW. As a result, Phase 1 of the Glen Dhu Project is
now generating and providing renewable electricity to Nova Scotia Power Inc.
("NSPI"), which is then delivered by NSPI to its customers. 


The Glen Dhu Project is anticipated to be the largest wind farm in Nova Scotia,
and is presently on track to be fully operational by March 31, 2011. The Glen
Dhu Project consists of a total of 27 ENERCON E-82 2.3 MW wind turbines. Shear
Wind owns approximately 51% of Glen Dhu LP. 


Mike Magnus, President and CEO expressed his appreciation to the whole
construction team stating, "We have been successful in achieving commercial
generation of one-third of our project. With the foundations all completed, and
with the remaining towers and turbines arriving weekly, our target for full
completion is the end of March 2011. With this pivotal step for our company
completed, it is anticipated that we will be cash flow positive prior to the end
of this fiscal year." He continued, "We look forward to sharing our achievement
with the community at an official opening ceremony to be announced at a later
date." 


Shear Wind continues to pursue its growth-oriented strategy through the
development of its other wind projects in Atlantic Canada, Alberta and
Saskatchewan. 


Further information, including some pictures of the construction at the Glen Dhu
site, can be found at www.shearwind.com.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Shear Wind in any jurisdiction.


About Shear Wind

Founded in 2005, Shear Wind is headquartered in Halifax, Nova Scotia and is
engaged in the exploration and development of renewable wind energy properties
in Canada. Shear Wind is focused on building a strong company based on a secure
and sustainable supply of clean wind energy. Shear Wind is committed to building
shareholder value governed by environmental stewardship. Inveravante Inversiones
Universales, S.L., an international corporation based in Spain, indirectly owns
62% of Shear Wind on a fully-diluted basis and 49% of Glen Dhu Wind Energy
Limited Partnership through Genera Avante Holdings Canada Inc., following its
investment in Shear Wind in November 2009. 


Additional information on the various projects may be viewed on Shear Wind's
website: www.shearwind.com.


Forward-Looking Statements / Information

This news release may include certain forward-looking information, including
statements relating to business and operating strategies, plans and prospects,
using words including "anticipate", "believe", "could", "expect", "intend",
"may", "plan", "potential", "project", "seek", "should", "will", "would" and
similar expressions, which are intended to identify a number of these
forward-looking statements. More particularly, and without limitation, this
press release contains forward-looking statements concerning the commissioning
of wind turbines for the Glen Dhu Project, the projected operational date for
the Glen Dhu Project and details relating to the Glen Dhu Project.
Forward-looking information reflects current views with respect to current
events and is not a guarantee of future performance and is subject to risks,
uncertainties and assumptions. Actual results may differ materially from
information contained in the forward-looking information as a result of a number
of material factors, including failure to secure adequate financing to develop
projects of Shear Wind. Shear Wind undertakes no obligation to publicly update
or revise any forward-looking information contained in this news release, except
as may be required by applicable laws, rules and regulations. Readers are urged
to consider these factors carefully in evaluating any forward-looking
information.


Shear Wind Inc. trades on the TSX Venture Exchange under the symbol "SWX".

Shear Wind Inc. (TSXV:SWX)
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