Mr. Jason Bak reports

FINAVERA RENEWABLES CHANGES NAME TO FINAVERA WIND ENERGY AND CONSOLIDATES SHARES

Finavera Renewables Inc. has received the approval of the TSX Venture Exchange regarding the consolidation of its issued common shares on the basis of one new share for 10 old shares. The consolidation was approved by shareholders on Sept. 15, 2010. Effective at the opening of trading on Feb. 8, 2011, the company's common shares will begin trading on the exchange on a consolidated basis. The company's trading symbol FVR will not change. On a postconsolidated basis, there will be 30,407,764 common shares issued and outstanding. The company also announces that it has changed its name to Finavera Wind Energy, Inc.

Finavera Renewables' chief executive officer, Jason Bak, said: "Our new name represents our singular focus on becoming the premier publically traded wind energy developer in North America. We have carried out this share consolidation in order to improve the attractiveness of our shares to a broader range of institutional and retail investors. In combination with our new name, we believe we have set the stage for an exciting new stage in Finavera's growth."

The new Cusip for the company's postconsolidation common shares is 31771W101. Registered shareholders will receive a letter of transmittal to exchange their original common shares for postconsolidation common shares. Beneficial shareholders will have their accounts automatically adjusted.

We seek Safe Harbor.