Shear Wind Reports $7.5 Million Revenue at Financial Year End

Shear Wind Inc. ("Shear Wind" or the "Company")(TSX VENTURE:SWX) today reported
that it has filed its audited year end financial statements and related
management's discussion and analysis for the full fiscal year ending August 31,
2011, with copies available on the SEDAR website (www.sedar.com). A news release
issued on December 30, 2011, stated that subsequent year ends of Shear Wind will
be changed to December 31 from August 31 upon certain pending approvals. 


Present Holdings

Shear Wind has stakes in the following assets:



--  Fitzpatrick Mountain wind facility (1.6MW) 
--  Glen Dhu Wind Energy Inc. (62.1MW) 
--  7 development sites across Canada, and 
--  Site control with options and leases on all sites.



The Company continues to pursue opportunities to provide long term financial
gains through operational wind energy assets.


The major accomplishment of the Company over the past two years has been the
final development, approvals, signing of a 62.1 Megawatt (MW) Power Purchase
Agreement, the construction and commissioning of the Glen Dhu wind generated
electrical facility in Nova Scotia. Additional focus has been on project
development of all of the Company's sites, and the $7 million sale of the
Willowridge project in Alberta which is due for final closing in mid-January
2012. Shear Wind has delivered record energy production and revenue from the
newly commissioned Glen Dhu Wind Energy site. 


A summary of revenue for the year ending August 31, 2011 is as follows:



Fiscal 2011       Revenue           % Growth                           
-----------------------------------------------------------------------
Q1                $136,882          --                                 
Q2                $237,740          73.7% over Q1                      
Q3                $3,053,753        1,184.5% over Q2                   
Q4                $4,120,504        34.9% over Q3                      
-----------------------------------------------------------------------
Total             $7,548,879        Compared to $322,874 in Fiscal 2010



"Our shareholders can be happy about the Company's achievements of completing
Glen Dhu's construction on schedule and within our construction cost budget. We
are proud to say that our on-site labour force came primarily from local
communities and our commitment to safety continued to keep us 'accident-free'
throughout its construction," said Mike Magnus, President and CEO. "Our
production and revenue have exceeded our production forecast during the first
eight months of operation, and we expect that Glen Dhu will be powering reliably
throughout 2012."


Highlights of fiscal 2011and year-to-date include:



--  Commissioned the largest wind farm in Nova Scotia on March 31, 2011, on
    schedule. 
--  Secured ecoENERGY Incentive credits. 
--  Generated revenue of $7,548,879 in 2011 as compared to $322,874 the
    previous year. 
--  Submitted a proposal for an 88 Megawatt wind generation facility in
    Saskatchewan with SaskPower; presently awaiting a decision. 
--  Acquired a new development site in northern Nova Scotia at Canaan
    Mountain.



In preparation for the upcoming Nova Scotia Request for Proposals for Renewable
Energy, Shear Wind reports the following: 


Glen Dhu II site:



--  Submitted Notice of Intent To Bid for a 50MWand an 80MW project
    extension on the Glen Dhu site. 
--  Completed Environmental Assessment work; site control of approximately
    3600 acres; Interconnection System Impact Study agreement signed. 
--  Five years of wind data and Lidar data collected.



Canaan Mountain site: 



--  Submitted Notice of Intent to Bid for a 50MW project on the Canaan
    Mountain site. 
--  Site Control of approximately 5500 acres. 
--  Interconnection System Impact Study agreement signed. 
--  Lidar and Sodar wind data collection underway.



Outlook for 2012

Shear Wind's focus for 2012 will be to move forward on any projects that are
successful in obtaining a signed power purchase agreement, and also to further
develop all sites in anticipation of future opportunities to build additional
generation facilities. 


About Shear Wind

Founded in 2005, Shear Wind Inc. 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.


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

Please visit the Company's website at www.shearwind.comto sign up to receive
Company news as well as view additional information on Shear Wind's projects.


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.


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. (TSXV:SWX)
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