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China Wind Power International Corp. to Commence Trading on August 5, 2009

^{Published on 2009-08-05 04:09:26, Last Modified on 2009-08-05 04:09:34 - Market Wire}
 

 TORONTO, Aug. 5 /CNW/ - China Wind Power International Corp. (TSX-V: CNW) ("China Wind" or the "Company"), announced today that the common shares of the Company will commence trading on the TSX Venture Exchange on August 5, 2009. The Company will trade as a Tier 1 Issuer under the ticker symbol "CNW". "Our commencement of trading on the TSX Venture Exchange better positions us to capitalize on the growth in demand expected for wind power in China," said Mr. Jun Liu, Chief Executive Officer of China Wind. "The Chinese government has mandated that renewable energy must fulfill a portion of China's increasing energy consumption. With our existing operations, signed power purchase, grid connection and dispatching agreements in place, and our current plans for building out capacity of 546 MW, we represent an opportunity for Canadian investors to share in the substantial growth expected for wind power in China." About China Wind Power International Corp. China Wind Power International Corp. is an Ontario company that is uniquely positioned to capitalize on the demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, a favourable location for wind power generation. Du Mon County is located in the center of "Harbin - Daqing - Qiqihar Industry Corridor" in Heilongjiang Province. Recently completed wind assessment studies in Du Mon County demonstrated potential installed capacity of 860MW of wind energy developable over an area of 220 square km, with wind power density of 300-450 Watts per square meter. While 860 MW represents the Company's long-term potential for wind power in the area, its current plans are for building out eight wind farms representing capacity of 546 MW over five development phases. The Company is currently constructing its first two wind farms, representing aggregate capacity of 98.5MW, with construction of the first 49MW wind farm over 50% completed. Forward-looking statements This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning China Wind's business and the markets in which it operates. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and China Wind assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

For further information: Wendell Zhang, Chief Financial Officer, China Wind Power International Corp., Tel: (416) 916-4205, Email: [ yu.wendellz@gmail.com ]; Trevor Heisler, Investor Relations, The Equicom Group Inc., Tel: (416) 815-0700 ext 270, Email: [ theisler@equicomgroup.com ]