SWX Shear Wind Inc.

Further to its news release dated September 22, 2011, Shear Wind Inc. ("Shear
Wind" or the "Company") (TSX VENTURE:SWX) announced today that it has entered
into a new amended 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"). The original agreement, as announced on September 22, 2011, did not
close as contemplated; however, the parties have entered into a new amended
agreement as of today's date.


The previously announced wind-up of Vindt Resources Inc., a wholly-owned
subsidiary of Shear Wind, occurred on or about September 30, 2011 under the
provisions of applicable corporate law. The previously announced asset purchase
agreement that was entered into between UEG and Vindt Resources Inc. in
September 2011 has been superseded by the Agreement.


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 Shear Wind or its' assignee at closing
which is anticipated to occur not later than January 12, 2012 (the "Closing
Date"). 


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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