NKW Oceanic Wind Energy Inc

NaiKun Wind Energy Group Inc. (TSX VENTURE: NKW) announced today that its Board of Directors has selected Cormark Securities Inc. ("Cormark") to provide advisory services for a review of the strategic alternatives available to the Company to maximize shareholder value, a process that was announced on May 20, 2010.

Cormark has significant experience in the British Columbia and Canadian renewable energy and independent power producer sectors, with particular expertise in alternative energy advisory services and transactions. Cormark is familiar with NaiKun Wind's assets and operations, having led the Company's $35 million equity financing in 2007.

"We are very pleased to have a highly respected firm such as Cormark supporting NaiKun Wind to determine the best approach for realizing value from the Company's assets and the important relationships we have developed over the last seven years," stated Michael O'Connor, NaiKun Wind President and CEO. "We are confident that Cormark's knowledge of our Company will create efficiencies during the review and deliver the most appropriate strategy to optimize shareholder value," said Mr. O'Connor.

The objectives of the review are to assess options among and beyond those identified to date by management, to maximize exposure within renewable energy markets and to do so at the lowest reasonable cost for value delivered. These options include continuing to advance the offshore wind energy project as the Company's primary project, potential business combination or joint venture opportunities in the renewable energy sector, the sale of the Company's interests, and others. It is anticipated that the review will be completed during summer 2010.

NaiKun Wind advises that no decisions have been made, no formal proposals received and no agreements reached regarding its assets, the Company or any subsidiaries. Furthermore, there can be no assurance that the review of strategic alternatives will ultimately result in a transaction.

While the strategic review is underway, NaiKun Wind will continue to work on development of its offshore wind project by, among other activities, completing the federal environmental assessment process and continuing to support the Haida Nation as they finalize deliberations regarding potential participation as an equity partner in the project.

NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy company with offices in Vancouver, Masset and Skidegate. Located on B.C.'s northwest coast, where the wind resource is one of the strongest and most consistent in the world, NaiKun Wind's 396MW offshore wind project would generate enough energy to provide electricity to 130,000 B.C. homes. The NaiKun Wind project is at an advanced stage of development with environmental certification from the Provincial Government and agreements in place with key suppliers and First Nations. Given its development status, construction can begin within two years of the award of an electricity purchase agreement. For more information on NaiKun Wind, please visit www.naikun.ca.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: NaiKun Wind Energy Group Inc. Susan Bruckner Media Enquiries 604-631-4475 sbruckner@naikun.ca NaiKun Wind Energy Group Inc. Peter Murray Investor Enquiries 604-631-4494 pmurray@naikun.ca www.naikun.ca