Welwind Energy International Corp.(fka WWEI)

[aandt]

NEWS 200 MW Project in Canada

http://www.globenewswire.com/newsroom/news.html?d=155727

Welwind Announces Strategic Partnership With Windcor On a 200 MW Project in Canada
SAN DIEGO, Dec. 3, 2008 (GLOBE NEWSWIRE) -- Welwind Energy International Corp. (OTCBB:WWEI) (the "Company") announces that it has successfully come to a terms agreement with Windcor Power Systems to create a joint venture partnership on various projects located in Canada. Both companies agree to begin its relationship starting with a site located in Southern Alberta Canada. Windcor Power Systems has worked with Welwind for the past few years as its developer for its China projects, namely the Zhanjiang and Yangxi wind farms to develop over 1000 MW of wind generated power. The relationship further extends to its Peace Region Project in British Columbia as well.

The two companies have had the opportunity to forge a relationship over the successful development of its projects in China and determined that the next natural step would be to form a joint venture on the Canadian frontier of the wind industry.

The project, with a potential build out of 200 MW, is located in Southern Alberta Canada and has over 3 years wind data. The Company has determined that data to date proves favorable to build a profitable wind project at this location.

Most of the environmental work is complete and through consultation with the public and area stakeholders we are comfortable that Windcor and Welwind now have all of the necessary data to proceed on a successful endeavor. "This is a natural partnership between our two companies. With Windcor's expertise in the Canadian green energy field and Welwind's strong financial partners, we look forward to future successes in our joint venture relationship," says Larry McNabb, President of Welwind.

Windcor and Welwind are jointly reviewing projects in various provinces of Canada, namely 3 potential sites in Alberta and British Columbia. Each project will be in the range of 100 MW for the commercial scale wind sites. There are also various community projects in the range of 10 - 30 MW that are also being considered due to their expediency in development time.