SWX Shear Wind Inc.

Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announced today that Genera
Avante Holdings Canada Inc. ("GAHC"), 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 loan up to $5,000,000 to Shear Wind
for required project development expenditures, operating expenses, as well as ,
to advance funds to Shear Wind's wholly owned subsidiary, Vindt Resources Inc.
Vindt Resources Inc will use the funds provided for required project development
expenditures in Alberta as well as repayment of Vindt's promissory note with
GAHC provided in August 2010. Shear Wind will issue an unsecured promissory note
("Note") to GAHC, in the principal amount of $5,000,000 with an initial draw
down of $3,000,000 (the "Initial Draw"). The Note shall bear interest at 10% per
annum. Fifty percent of the principal drawn on the Note, together with interest,
shall be due on December 31, 2012 with the remainder due on December 31, 2013.
If the amounts due and owing at each repayment date are not paid in full, the
amounts due and owing under the Note at the maturity dates may be converted, in
whole or in part, at the option of GAHC into Common Shares at a conversion price
of $0.20 


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

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 through Genera Avante Holdings Canada
Inc., following its investment in Shear Wind in November 2009. The most advanced
project is the Glen Dhu wind power project which is presently on track to begin
commissioning turbines in December 2010 and to be fully operational by March
2011.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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