Mr. Michael O'Connor reports

OCEANIC WIND ENERGY INC. AND COAST TSIMSHIAN ENTERPRISES LTD. SECURE IUP FOR OFFSHORE WIND DEVELOPMENT IN HECATE STRAIT

Oceanic Wind Energy Inc. has reached a major milestone in the advancement of the offshore wind project in Hecate Strait, located just west of Stephens Island. In partnership with Coast Tsimshian Enterprises Ltd. (CTE), Oceanic has been jointly granted an investigative use permit (IUP) for the first phase of development, targeting a capacity of 600 to 700 megawatts. CTE is a 50/50 partnership of the Metlakatla and Lax Kw'alaams first nations.

"This agreement brings Oceanic and CTE a major step closer to realizing Canada's first offshore wind project," said Mike O'Connor, president of Oceanic Wind Energy.

Hecate Strait, in northwestern British Columbia, is home to one of the world's most powerful and consistent wind resources. With Class 7 wind conditions, low shear and turbidity, average annual wind speeds exceeding 10 metres per second, and a winter capacity factor of over 65 per cent, the area offers an unparalleled opportunity to generate clean, reliable energy -- especially during British Columbia's peak demand season.

Strategically located, the Oceanic wind project is uniquely positioned to deliver utility-scale renewable power to a region with growing energy needs and limited alternatives. The project could play a critical role in supporting the energy demands of the port of Prince Rupert and the expanding industrial and resource sectors across northwestern British Columbia.

"We look forward to working closely with Oceanic to develop this transformative project," said Ryan Leighton, director of Coast Tsimshian Enterprises. "This first phase will help power the region's growth while creating long-term economic and environmental benefits."

In addition to supporting regional development, the project will contribute significantly to Canada's greenhouse gas (GHG) reduction goals and reinforce British Columbia's leadership in cost-effective, green energy generation.

About Oceanic Wind Energy Inc.

Oceanic Wind Energy is a Vancouver-based renewable energy company listed on the TSX Venture Exchange NEX. The company is focused on developing large-scale offshore wind projects to support Canada's transition to a clean energy future.

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