Mr. Jason Bak reports

FINAVERA RENEWABLES ADOPTS STRATEGIC SHAREHOLDER RIGHTS PLAN

Finavera Renewables Inc. has adopted a strategic shareholder rights plan. On April 16, 2010, the board of directors of the company adopted a short-term, tactical shareholder rights plan. The company has determined that it is advisable and in the best interests of the company and its shareholders to implement a long-term strategic rights plan.

The strategic rights plan is designed to ensure that the shareholders of the company and the board of directors have adequate time to consider and evaluate any unsolicited bid for the company's common shares, provide the board of directors with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid, and encourage the fair treatment of shareholders in connection with any takeover offer for the company's common shares.

The strategic rights plan has not been adopted in response to any specific proposal to acquire control of the company, nor is the company aware of any such intention. The adoption of the strategic shareholder rights plan is subject to regulatory approval and shareholder approval at the company's next annual general meeting.

A complete copy of the strategic rights plan is being filed on SEDAR.