NaiKun Wind Energy Group Inc. (TSX-Venture: NKW) announced today that its Board of Directors (the “Board”) has initiated a process to retain an advisory firm to assist the Company in undertaking a review of the strategic alternatives available to ensure maximum shareholder value.

Since the recent announcement by BC Hydro that NaiKun Wind’s 396 MW offshore wind energy project was no longer under consideration in the Clean Power Call, the Board has been evaluating the potential for the project and the offshore wind industry in the context of renewable energy development in British Columbia. While the timing and specifics of BC Hydro’s near term procurement plans are uncertain in advance of the release of the Integrated Resource Plan that is required under the new Clean Energy Act, the Company believes that its project located in the Haida Energy Field off the east coast of Haida Gwaii can play an important role in BC’s future energy solutions.