SWX Shear Wind Inc.

Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announces that further to its
news release dated December 23, 2010, Shear Wind has received final approval
from the TSX Venture Exchange for the unsecured promissory note issued December
23, 2010 ("Note") to Genera Avante Holdings Canada Inc. ("GAHC"). GAHC holds
approximately 62% of the common shares of Shear Wind ("Common Shares"). The Note
is in the principal amount of $5,000,000 with an initial draw down of
$3,000,000. 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.


Shear Wind will use the funds provided for required project development
expenditures and 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 and have
also used the funds to repay their promissory note with GAHC provided in August
2010.


Shear Wind also confirms that on April 12, 2007, Shear Wind granted an aggregate
of 500,000 options to each of Bill Bartlett and Ian Tillard. Each option is
exercisable for one common share of Shear Wind until April 12, 2012 at an
exercise price of $0.30. The options vested as follows: (i) 166,000 on April 12,
2008, (ii) 167,000 on April 12, 2009 and (iii) 167,000 on November 4, 2009.


Shear Wind also confirms that on April 3, 2008, Shear Wind granted an aggregate
of 530,000 options to directors of Shear Wind. Each option was exercisable for
one common share of Shear Wind until April 3, 2013 at an exercise price of
$0.75. All of these options vested immediately. All of these options expired
February 3, 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. 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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