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Last updated on April 19, 2014 at 1:20 EDT

Western Wind provides Update on Sales Process

October 24, 2012

TSX.V Symbol: “WND”
OTCQX Symbol: “WNDEF”
Issued and Outstanding: 69,022,637

VANCOUVER, Oct. 24, 2012 /PRNewswire/ – Western Wind Energy Corp. – (the “Company” or “Western Wind”) (TSXV: WND) (OTCQX: WNDEF) provides
an update on the ongoing process to sell the Company and its assets
(the “Sale Process”).

The Sale Process is progressing as planned, with a limited number of
bidders having now been invited to proceed to conduct second round due
diligence. There is still a potential for a small number of additional
qualified parties to move into the second round. The Company will only
be providing further updates on the Sale Process as necessary or
appropriate.

Jeffrey Ciachurski, Western Wind’s CEO, said “Our management team stays committed to the sale process and to
maximizing value for our shareholders. As a collective group we have a
significant equity stake in the company and, except for some recent
sales by one officer necessitated by a need to address his immediate
personal tax issue, are committed to realizing value for our equity
position through the sale process
.”

ABOUT WESTERN WIND ENERGY CORP.

Western Wind is a vertically integrated renewable energy production
company that owns and operates wind and solar generation facilities
with 165 net MW of rated capacity in production, in the States of
California and Arizona.  Western Wind further owns substantial
development assets for both solar and wind energy in the U.S. The
Company is headquartered in Vancouver, BC and has branch offices in
Scottsdale, Arizona and Tehachapi, California.  Western Wind trades on
the TSX Venture Exchange under the symbol “WND”, and in the United
States on the OTCQX under the symbol “WNDEF”.

The Company owns and operates three wind energy generation facilities in
California, and one fully integrated combined wind and solar energy
generation facility in Arizona.  The three operating wind generation
facilities in California are comprised of the 120MW Windstar, the 4.5MW
Windridge facilities in Tehachapi, and the 30MW Mesa wind generation
facility near Palm Springs.  The facility in Arizona is the Company’s
10.5MW Kingman integrated solar and wind facility.  The Company is
further developing wind and solar energy projects in California,
Arizona, and Puerto Rico.

ON BEHALF OF THE BOARD OF DIRECTORS

“SIGNED”

Jeffrey J. Ciachurski
President & Chief Executive Officer

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

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain statements that may be considered
“forward-looking statements. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar
expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. Although Western Wind believes the
expectations expressed in the forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those
contained in forward looking statements. Forward looking statements are
based on the beliefs, estimates and opinions of Western Wind’s
management on the date the statements are made. Western Wind undertakes
no obligation to update these forward-looking statements in the event
that management’s beliefs, estimates or opinions, or other factors,
should change, except as required by law.

SOURCE Western Wind Energy


Source: PR Newswire