For Immediate Release

February 27, 2015

Vancouver, B.C. - February 27, 2015 - NaiKun Wind Energy Group Inc. (TSX-Venture: NKW) (the "Company" or "NaiKun Wind") today announced its financial results for the three months ended December 31, 2014, a fiscal period in which the Company continued to explore ways to forward the NaiKun Wind Project while controlling its costs. A substantial restructuring 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. NaiKun Wind remains confident that this direction represents the best available opportunities to support the advancement of the project and maximize shareholder value.

For the three months ended December 31, 2014, NaiKun Wind incurred a net loss of $0.4 million ($0.01 per share), compared to $0.4 million ($0.01 per share) for the three months ended December 31, 2014. As at December 31, 2014 NaiKun Wind had $1.9 million in cash and cash equivalents, compared to $2.5 million at the end of September 30, 2014. These numbers are consistent with the Company's planned operations.

For fiscal 2015, the Company expects cash operating expenditures to be approximately $1.6 million. On this basis, the Company has sufficient financial resources to sustain operations through 2015.

NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy company. 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 200,000 B.C. homes. If the project does proceed it is expected to result in an estimated 500 jobs during construction, 50 permanent jobs for maintenance and operations and over $400 million in direct expenditures in the province during construction, of which $250 million will benefit North Coast communities.

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.

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 if an electricity purchase agreement can be secured. For more information on NaiKun Wind, please visit www.naikun.ca.

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:

Michael O'Connor, President & CEO
NaiKun Wind Energy Group Inc.
Tel: 604-639-8460 • Fax: 604-685-4215
Email: info@naikun.ca

Legal Disclaimer

NaiKun Wind Energy Group Inc. and its affiliated companies (collectively the NaiKun Group of Companies, referred to as "NaiKun") have taken reasonable care in preparing and publishing on a regular basis information on this Web Site. The information is not a substitute for detailed investigation or analysis on any particular issue and may not always be current. The materials on NaiKun's Internet site are provided "as is." NaiKun does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its Internet site or otherwise relating to such materials or on any sites linked to these sites.

This website may contain forward-looking statements about NaiKun and its future plans within the meaning of applicable securities laws. Forward-looking information may relate to the Corporation's future outlook and anticipated events or results. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance and business prospects and opportunities. While the Corporation considers these assumptions to be reasonable as of the current date based on information currently available to it, they may prove to be incorrect. Forward looking-information is also subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what the Corporation currently expects and there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur. Readers should not rely upon forward-looking information as of any other date. The Corporation is not under any obligation and does not undertake to update this information at any particular time and assumes no obligation to update or revise forward-looking statements should circumstances or management's estimates or opinions change.

×
distributed by