SWX Shear Wind Inc.

Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced today that its
wholly-owned subsidiary, Vindt Resources Inc. ("Vindt") is moving forward in the
development of its 100 megawatt Willow Ridge wind project in Alberta. Vindt is
due to meet a security requirement of $990,000 plus GST, by August 31, 2010 for
the Alberta Electric System Operator (AESO)'s Connection Process Stage 3 costs.
At this time Vindt will also execute the required Construction Commitment
Agreement. During Stage 3 of Connection Process, AESO and AltaLink, L.P. (the
transmission facility operator) will work to complete the Need Identification
Document and Facility Applications which will be submitted to the Alberta
Utility Commission (AUC) for permission to connect Vindt's wind project to the
Alberta Interconnected Electric System (AIES). Vindt will also work to complete
and submit its own application to the AUC in order to obtain the approval to
construct the wind project.


Genera Avante Holdings Canada Inc. ("GAHC"), (wholly owned by Inveravante, an
international corporation founded in Spain) which holds approximately 62% of the
common shares of Shear Wind ("Common Shares") on a fully-diluted basis, has
agreed, subject to regulatory approval, to provide the necessary bridge
financing to Vindt to make the required payment to AESO. Vindt will issue an
unsecured promissory note ("Note") to GAHC, guaranteed by Shear Wind, in the
principal amount of $1,050,000 for a 10 month term bearing interest at 12% per
annum. The amounts due and owing under the Note at the maturity date may be
converted, in whole or in part, at the option of GAHC into Common Shares at a
conversion price of $0.20.


Willow Ridge project is located in a well-known wind regime in Southern Alberta.
"We are excited to be able to move forward with this project in Alberta, and to
be able to increase our generation capability soon after completion of our 60 MW
Glen Dhu wind project in Nova Scotia, presently scheduled to be commissioned in
the next few months," stated Mike Magnus, CEO. "We have a great pipeline of
potential projects in various stages of development and will continue to take
advantage of all opportunities to build wind farms in Canada."


Shear Wind is also pleased to announce that it has obtained all required third
party consents and final approval from the TSX Venture Exchange to transfer all
of the assets related to Shear Wind's 62.1 megawatt Glen Dhu wind power project
to Glen Dhu Wind Energy Limited Partnership (the "Asset Transfer"). The Asset
Transfer has now been completed. For further details on the Asset Transfer, see
Shear Wind's news releases dated June 18, 2010, June 25, 2010 and July 21, 2010.


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. 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 obtaining of
shareholder approvals, TSX Venture Exchange approvals and the closing date of
the Asset Transfer. 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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