SWX Shear Wind Inc.

Shear Wind Inc. ("Shear Wind" or the "Company") (TSX VENTURE:SWX) announced
today that its wholly-owned subsidiary, Vindt Resources Inc. ("Vindt") has
entered into an asset purchase agreement (the "Agreement") with UEG-Green Energy
Solutions/Alberta Inc. ("UEG") to sell the assets associated with the Willow
Ridge wind power project in the Fort MacLeod area of Alberta (the "Project"). 


Subject to satisfaction or waiver of customary conditions precedent for
transactions of this nature, UEG will purchase the land rights, Alberta Electric
System Operator (AESO) interconnection rights, Met towers and other related
Project assets for US$7 million from Vindt or it assignee at closing which is
anticipated to occur not later than October 14, 2011 (the "Closing Date"). It is
anticipated that Vindt, an Alberta corporation, will be wound-up into Shear Wind
under the provisions of applicable corporate law prior to the Closing Date and
that Shear Wind shall then complete the sale under the Agreement. The
transaction is an exempt disposition under the policies of the TSX Venture
Exchange.


Shear Wind also announced today that it is submitting its bid in response to
SaskPower's Request for Proposals ("RFP") to have the opportunity to supply up
to 175 MW of wind generated power through its Burstall wind project. The
successful bidders are expected to be announced in January 2012.


Mike Magnus, President and Chief Executive Officer, commented: "Shear Wind
remains committed to developing wind power in Alberta and is confident that it
can meet its objectives in that province through its other sites that will
leverage the 500 MW pipeline in Alberta. The sale of Willow Ridge affords the
Company the opportunity to realize excellent value. It assists in funding the
investments made to achieve our position on the short-list under the SaskPower
RFP and in developing Phase 2 of Glen Dhu in Nova Scotia and the Canaan Mountain
site. The sale also positions the Company to respond to other near-term
opportunities and upcoming RFPs in strategic areas. We are very excited about
the progress we are making in Atlantic and Western Canada. These two
developments certainly advance our strategic plan."


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. 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".

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