NKW Oceanic Wind Energy Inc

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NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) ("NaiKun" or the "Company") and
Mr. Joseph Houssian, a director and insider of the Company, are pleased to
announce the intention to complete a non-brokered private placement of
10,000,000 units ("Units") at a price of $0.07 per Unit for gross proceeds of
$700,000 (the "Offering"). Each Unit shall consist of one common share in the
capital of the Company (a "Share") and 0.75 common share purchase warrants (each
full common share purchase warrant, a "Warrant"). Each Warrant will be
exercisable to acquire one Share at an exercise price of $0.10 for a period of
five years from the date of issuance.


The Offering is subject to certain conditions including, but not limited to,
shareholder approval, the approval of the majority of minority shareholders, the
receipt of all necessary approvals (including the approval of the TSX Venture
Exchange ("TSX-V")) and compliance with all applicable regulatory requirements.
NaiKun intends to close the Offering on or about June 28, 2014.


Mr. Houssian will work with the Company's board of directors (the "Board"), Mike
O'Connor (Chief Executive Officer of the Company), and the Company's officers,
employees, consultants, suppliers (including Siemens), and staff to complete the
project. Mr. Houssian will provide considerable experience, resources and time
to develop the Haida Energy Field Project; the first offshore wind project in
Canada. He will provide his services at no cost to the Company.


Mr. Houssian has extensive experience in business development, growth, and
operations. Mr. Houssian founded Intrawest Corporation ("Intrawest"), a global
developer and operator of luxury mountain, golf, and beach resorts. Intrawest's
operations and ancillary businesses included Abercombie & Kent, which operates
in 100 countries. When sold in 2006, Intrawest employed 25,000 people with
annual revenues over $1.5 billion. Currently, Mr. Houssian is Chairman and
founder of Intracorp Development, an urban real estate development company and
Elemental Energy Inc., a renewable energy development and operating company. He
has also served on the boards of Versacold Corporation, Lions Gate Entertainment
Corp and BC Hydro.


NaiKun intends to use the net proceeds from the Offering for general corporate
purposes, including working capital, to further the development of the Haida
Energy Field Project.


In reaching this agreement with Mr. Houssian, Mr. Philip Hughes (Chairman of the
Board) stated, "This is a significant day for NaiKun. With Mr. Houssian's
commitment of financing, time and resources, we believe our permitted first
phase can become a major power source for the numerous LNG projects planned for
the northwest of British Columbia."


Upon closing of the Offering, Mr. Houssian, indirectly or directly, will own or
control approximately 19.4% of the Shares on a non-diluted basis and 25.8% of
the Shares on a fully-diluted basis. As such, the Offering will result in the
creation of a new "Control Person" (as such term is defined under the policies
of the TSX-V). In accordance with such policies, shareholder approval will be
required and sought at the Company's annual and special meeting of shareholders
to be held on June 26, 2014.


The participation in the Offering by Mr. Houssian also constitutes a "related
party transaction" as such term is defined under Multilateral Instrument 61-101
- Protection of Minority Security Holders in Special Transactions ("MI 61-101"),
requiring the Company, in the absence of exemptions, to obtain a formal
valuation for, and minority shareholder approval of, the related party
transaction.


The Company is relying on an exemption from the formal valuation requirement
under MI 61-101 by relying on section 5.5(c) of MI 61-101, as neither the
Company nor, to the knowledge of the Company after reasonable inquiry, Mr.
Houssian has knowledge of any material information concerning the Company or its
securities that has not been generally disclosed. The information circular at
the Company's annual and special meeting of shareholders will include a
statement to that effect, and the information circular will include a
description of the effect of the Offering on the direct or indirect voting
interest of Mr. Houssian.


The Company will be responsible for all of its own expenses in connection with
the Offering.


Forward-Looking Information

This news release contains statements which are not current statements or
historical facts and are "forward -looking information" within the meaning of
applicable Canadian securities laws. All statements, other than statements of
historical fact, contained in this news release constitute forward-looking
information. Wherever possible, words such as "plans", "expects" or "does not
expect", "budget", "forecasts", "projections", "anticipate" or "does not
anticipate", "believe", "intent", "potential", "strategy", "schedule",
"estimates" and similar expressions or statements that certain actions, events
or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved and other similar expressions have been used to identify
forward-looking information. These forward-looking statements relate to, among
other things, the completion of the Offering and the Company's expectations
regarding the use of proceeds from the Offering.


Although the forward-looking information in this news release reflects the
Company's current beliefs on the date of this news release based upon
information currently available to management and based upon what management
believes to be reasonable assumptions, the Company cannot be certain that actual
results, performance, achievements, prospects and opportunities, either
expressed or implied, will be consistent with such forward-looking information.
By its very nature, forward-looking information necessarily involves significant
known and unknown risks, assumptions, uncertainties and contingencies that may
cause the Company's actual results, assumptions, performance, achievements,
prospects and opportunities in future periods to differ materially from those
expressed or implied by such forward - looking information. These risks and
uncertainties include, but are not limited to, the successful closing of the
Offering, the receipt of funds from Mr. Houssian, and the successful development
of the Haida Energy Field Project. There may be other factors that cause
results, assumptions, performance, achievements, prospects or opportunities in
future periods not to be as anticipated, estimated or intended.


There can be no assurances that forward-looking information and statements will
prove to be accurate, as many factors and future events, both known and unknown
could cause actual results, performance or achievements to vary or differ
materially, from the results, performance or achievements that are or may be
expressed or implied by such forward - looking statements contained in this news
release. Accordingly, all such factors should be considered carefully when
making decisions with respect to the Company, and prospective investors should
not place undue reliance on forward - looking information. The Company assumes
no obligation to update or revise forward-looking information to reflect changes
in assumptions, changes in circumstances or any other events affecting such
forward-looking information, except as required by applicable law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NaiKun Wind Energy Group Inc.
Michael O’Connor
President & CEO
604-639-8460
604-685-4215 (FAX)
info@naikun.ca
www.naikun.ca

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