NKW Oceanic Wind Energy Inc

NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) today announced its financial
results for the year ended September 30, 2011, a fiscal period during which the
Company continued forwarding the NaiKun Wind Project while reducing the
Company's operating costs as compared to the previous year. A substantial
restructuring effort was undertaken in the third quarter of fiscal 2010 and the
Company has maintained both the expense profile and the strategic efforts as
laid out by the Board of Directors at that time.


NaiKun Wind is confident that the Company's undertakings, including our
corporate restructuring and new strategies for procuring an electricity supply
contract, represent the best available opportunities to support the advancement
of the project and maximize shareholder value.


An overview of NaiKun Wind's year-end results and projected expenditures include:



--  As at September 30, 2011, NaiKun Wind had $6.75 million in cash and cash
    equivalents, compared to $7.77 million at the end of September 2010.
--  For the fiscal year ended September 30, 2011, NaiKun Wind incurred a net
    loss of $2.53 million ($0.08 per share), compared to $5.82 million
    ($0.15 per share) for the year ended September 30, 2010.
--  For fiscal 2012 the Company has budgeted cash expenditures of $1.5
    million which, given the Company's existing cash position, will sustain
    operations into 2014 and beyond.



Effective April 1, 2010, as stated in the Company's news release of May 20,
2010, compensation to members of the Board was reduced by 50%. As part of the
newly lowered Board compensation it was also decided that going forward 25% of
that compensation would be paid in the form of common shares in lieu of cash.
Accordingly, the Company has just issued 87,241 shares to its directors for the
quarter ended December 31, 2011. Additionally, the Company issued 104,167 common
shares to the Company's CEO, for the quarter ended December 31, 2011, as the
share portion of his compensation. All shares were issued at the closing share
price for December 31, 2011 of $0.12.


NaiKun Wind remains optimistic that the very significant energy demand forecasts
for the North Coast of B.C. will benefit NaiKun. The NaiKun Wind Project is the
only sizable permitted project in the area.


The demand for power in the region is dramatically increasing as new projects
are being proposed.




--  At least 3 LNG groups are in active negotiations, advanced planning and
    preliminary design work in the Kitimat/Prince Rupert area. These
    facilities will require up to 2500 MW of power to liquefy the natural
    gas, power that this region does not have.
--  Completion of the N.W. Transmission Line to provide power for the
    resource rich Stewart Cassiar area will also add a further demand of
    500-1000MW.
--  The Rio Tinto Alcan recent announcement of the new larger Kitimat
    smelter will consume all the firm power from Kemano, some of which was
    previously sold to BC Hydro.



Many of the projects are in the formative stages, however it is difficult to not
foresee the need for locally generated electricity to supply this incremental
demand.


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.


NaiKun Wind is a British Columbia-based renewable energy company with offices in
Vancouver, Masset and Skidegate. Located on B.C.'s northwest coast, where the
wind resource is one of the strongest and most consistent in the world, NaiKun
Wind's 396MW offshore wind project would generate enough energy to provide
electricity to 130,000 B.C. homes. The NaiKun Wind project is at an advanced
stage of development with environmental approvals from the Provincial and
Federal Governments and agreements in place with key suppliers and First
Nations. Given its development status, construction can begin within two years
of the award of an electricity purchase agreement. For more information on
NaiKun Wind, please visit www.naikun.ca.

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