Mr. Michel Letellier reports

INNERGEX'S PARTNER ALLOCATED 150 MW FOR A WIND PROJECT

Innergex Renewable Energy Inc.'s partner, the Mi'gmawei Mawiomi, the assembly of Mi'gmaq communities of Quebec, has been allocated 150 megawatts for a wind energy project in the Gaspe Peninsula, in Quebec, Canada.

"This is a momentous event for the three Mi'gmaq communities, who see great opportunities for the future. We now have the resources to support our governments and make strategic investments. It is also important to know our neighbours will benefit from the project as well, because the majority of the revenues from the wind farm will be spent in the Gaspesie region," declares Chief Claude Jeannotte, chairperson of the Mi'gmawei Mawiomi.

"We are happy to have been selected by the Mi'gmawei Mawiomi for the realization of this project, and we look forward to developing a mutually beneficial partnership based on common values and interests," declares Michel Letellier, president and chief executive officer of Innergex.

"Our company's strong development track record stems in part from its willingness and ability to develop successful long-term partnerships. We believe there is a shift right across Canada towards local communities and first nations choosing to become agents of their own socio-economic development, and this must be reflected in how energy projects are developed," adds Mr. Letellier. "We are very pleased with the development model that the Quebec government has chosen, as we have prospective projects in collaboration with local municipalities that we will be able to submit under the requests for proposals announced today," concludes Mr. Letellier.

Today, Quebec Premier Pauline Marois announced that the government is pursuing the development of the wind energy industry in Quebec with the allocation of 800 megawatts for new projects, including the 150 megawatts for a project by the Mi'gmawei Mawiomi, Innergex's partner, as well as 200 megawatts for Hydro-Quebec Production, 300 megawatts by request for proposals for projects in the Gaspesie and Lower-Saint-Lawrence regions, and 150 megawatts by request for proposals for projects throughout Quebec. These requests for proposals will target projects initiated by local communities or co-operatives, in partnership with private developers.

About the Mi'gmawei Mawiomi

The Mi'gmawei Mawiomi is a representative organization for three Mi'gmaq communities located in Gespe'gewa'gi: Gespeg, Gesgapegiag and Listuguj. The assembly ensures, among other things, the Mi'gmaq Nation has access to its resources, the purpose of which is to support the political and social objectives of the Mi'gmaq governments. The assembly has established a secretariat, the Mi'gmawei Mawiomi Secretariat (MMS), to carry out its administrative functions that allow for MMS to pursue consultations and accommodations with any interest wanting to access the natural resources throughout Gespe'gewa'gi, its lands. The partnership with Innergex Renewable Energy is the first endeavour to partner with a company that will allow the assembly to participate in the emerging wind power industry operating on its lands.

We seek Safe Harbor.