SWX Shear Wind Inc.

Further to its December 30, 2011 news release Shear Wind Inc. ("Shear Wind")
(TSX VENTURE:SWX) announced today that lender approval for the change in
year-end has been received and that Shear Wind's year-end will change to
December 31st from August 31st.


Shear Wind's transition year will be the four month period ending December 31,
2011. The comparative period will be the 12 months ended August 31, 2011. The
filing deadline for these financial statements is April 29, 2012. Further
details can be found in the notice of change of year-end, which will be filed on
SEDAR under Shear Wind's profile.


The new financial year-end will align Shear Wind's year end with that of its
major shareholder, Genera Avante Holdings Canada Inc., a subsidiary of
Inveravante Inversiones Universales, S.L., an international corporation based in
Spain. 


Further to its news releases dated September 22, 2011 and December 5, 2011,
Shear Wind further announced today that the transaction with UEG-Green Energy
Solutions/Alberta Inc. to sell the assets associated with the Willow Ridge wind
power project in the Fort MacLeod area of Alberta did not close at this time.
Shear Wind has evaluated its options and the renewable electricity market
conditions in Alberta and has decided to continue with further development
activities associated with the Willow Ridge assets. 


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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