TMX group

Toronto Stock Exchange (Venture) Symbol: "WND"
Issued and Outstanding: 16,642,373

COQUITLAM, BC, Oct. 19 /CNW/ - The Company has invited Pacific Hydro
Limited ("Pacific Hydro") to participate as a strategic shareholder for the
purposes of accelerating and expanding the Company's goals of being a leading,
publicly traded, independent wind energy producer and developer in North
America.
In that regard, the Company is pleased to announce that it has invited
Pacific Hydro to participate in a private placement which will occur in two
(2) tranches, the first tranche will be done immediately and will consist of
666,667 units at a price of $1.50 per unit for proceeds of Cdn. $1,000,000.
Pacific Hydro will then complete a due diligence process for a period of
45 days and will subscribe for a further 4,333,333 units at a price of $1.50
per unit for additional proceeds of Cdn. $6,500,000 upon satisfactory
completion of the due diligence process.
Each unit shall consist of one (1) common share and one (1) share
purchase warrant entitling the holder to purchase one (1) additional common
share at a price of $1.60 per share if exercised during a two year period.
The use of proceeds from the private placement together with a secured
debt facility will fund the construction cost of the New Brunswick Dark
Harbour wind project, including deposits for wind turbine generators with a
major European manufacturer and to repay the Clean Power Operating Trust loan
of approximately Cdn. $400,000. As reported in our financial statements and
MD & A and previous news releases, Clean Power is no longer a partner in the
project. The project is 100% owned by Western Wind Energy.
Upon the commencement of commercial production of the New Brunswick
project, the project is expected to produce approximately Cdn. $90 million in
revenue, over a 20-year period.
Pacific Hydro is Australia's leading renewable energy company, generating
electricity produced from non-polluting, wind and water. Pacific Hydro's
business decision-making is guided by economic, social and environmental
considerations that have delivered sustained profit growth, the avoidance of
greenhouse gas emissions and significant benefits to the communities in which
it operates.
Pacific Hydro was recently taken over by its largest shareholder,
Industry Funds Management and has approximately 260 MW of operating assets
located in Australia, Chile, Fiji and the Philippines. Existing assets include
Australian hydro operations (41.9 MW); international hydro operations
(114.7 MW); and Australian wind energy projects (100.7 MW). The company also
has an extensive wind, hydro and geothermal project development pipeline.
Jeff Ciachurski, President of Western Wind Energy states "we are very
pleased to have the quality, caliber and expertise of Pacific Hydro as a
strategic shareholder in Western Wind. Pacific Hydro has a world-class
reputation of building efficient, leading-edge renewable energy projects
throughout the Pacific Rim Region employing environmentally friendly
technologies and standards that benefit the environment, economy and
ecosystem, as a whole. Their involvement will help accelerate and expand our
growth plans."
During the past year, the Company has executed and acquired
159.5 megawatts of power purchase agreements for the procurement of wind
energy electrical generation, from three separate utilities. The Company was
the first to execute a "wind" PPA in the Province of New Brunswick, Canada,
the first to execute a "wind" PPA in the State of Arizona, and in California,
is expanding from management's 24-year continuous operating history in the
Tehachapi Pass.
The Company is in the business of acquiring suitable land sites, capital
and technology for the production of electricity from wind energy. The Company
conducts its operations through its wholly owned subsidiaries in Arizona,
California and, in Canada, in the province of New Brunswick. Management of the
Company includes individuals involved in the operations and ownership of
utility scale wind energy operations in California since 1981.

       ON BEHALF OF THE BOARD OF DIRECTORS

       "Jeffrey Ciachurski"

       Jeffrey J. Ciachurski
       President

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
Certain statements included herein are "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995. Management
cautions that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the forward-
looking statement. Important factors that could cause the actual results of
operations or financial condition of the Company to differ include, but are
not necessarily limited to, the risks and uncertainties discussed in documents
filed by the Company with the Securities and Exchange Commission.