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[johnlw]

Finavera sued by Scott over Three Hills

2007-08-24 20:01 ET - News Release

Mr. Jason Bak reports

NOTICE OF LAWSUIT AGAINST FINAVERA RENEWABLES

Finavera Renewables Inc. is providing notice of a lawsuit commenced against the company by Scott & Associates Engineering Ltd. of Alberta, Canada. Scott is seeking, among other things, a declaration that the company holds its interest in the Three Hills wind power project as a constructive trustee for Scott and an order that the company transfer its interest in the said project to Scott.

The company has reviewed the allegations in the statement of claim and considers that there is absolutely no factual basis for any of the claims of Scott. The company will vigorously defend the action and take all appropriate steps to protect the interests of the company and its shareholders.

Finavera Renewables takes any legal action seriously. In this case, however, the company is satisfied that the claims of Scott are frivolous. The company will be seeking costs against Scott and its principal, Bryan Scott.

We seek Safe Harbor.