Cleanfield Announces Mailing of Management Information Circular and Four New Nominees to the Board of Directors

ANCASTER, ONTARIO, Oct 23 (MARKET WIRE) --
Cleanfield Alternative Energy Inc. (the "Corporation") (TSX VENTURE: AIR)
today announced that it has mailed to shareholders its Management
Information Circular ("Circular") and Form of Proxy in connection with
the Company's Annual Meeting of Shareholders to be held on November 14,
2008 (the "Annual Meeting"). The Circular has been filed on SEDAR
(www.sedar.com).

The Annual Meeting will be held for the following purposes:

1. To receive the audited financial statements of the Corporation for the
year ended May 31, 2008 together with the report of the auditors thereon;

2. To elect directors of the Corporation for the ensuing year;

3. To re-appoint PricewaterhouseCoopers LLP as auditors of the
Corporation for the current year and authorize the directors to fix the
remuneration of the auditors;

4. To ratify the Corporation 's stock option plan;

5. To consider and, if deemed advisable, to approve the continuance of
the Corporation from the Business Corporations Act (British Columbia) to
the Business Corporations Act (Ontario), subject to regulatory approval;
and

6. To transact such other business as may properly come before the Annual
Meeting or any adjournment thereof.

The Corporation's proposed slate of directors includes four new,
independent nominees with diverse expertise relevant to Cleanfield's
future direction as well as experience that will complement the skill
sets of the Company's three continuing directors. This Board of Directors
will be well positioned to implement Cleanfield's strategic focus.

A brief summary of the Corporation's four new nominees for the Board of
Directors, as outlined in the Circular, is provided below :

Mr. John Ferguson is currently a partner at STS Capital Partners, an
international boutique investment banking firm where he uses his broad
experience in communications, marketing, investor relations, business
development and capital investment in a range of businesses, large and
small, across many sectors, including banking and finance,
telecommunications, e-commerce, health care, hospitality, food,
infrastructure, marketing communications and small manufacturing. Prior
to that, Mr. Ferguson was personal adviser to the Aga Khan, where he
provided advice on issues related to community economic development and
public-private investments in Africa and Central Asia. Prior to that, Mr.
Ferguson was a Principal at Aldershot Inc., a company which provides
strategic advice to private and public sector organizations. One of his
assignments was as an advisor to the London-based Association of
Chartered Certified Accountants, the largest international accountancy
body on the world. Mr. Ferguson holds his H.B.J. from Carleton University
and a Diplome d'Universite in International Studies from the University
of Nice.

Mr. Bruno Maruzzo's experience includes being the President of
TechnoVenture Inc. which is an independent consulting practice providing
such services as business analysis and strategic planning, business plan
writing, general management services, fund raising and investor and
corporate services for private and public companies mainly for high
technology businesses. Prior to that, Mr Maruzzo was the Director,
Corporate Development at GeneNews Limited (formerly ChondroGene Limited),
a genomics-based company focused on the discovery and development of
disease-specific therapeutic and diagnostic products where he was
responsible for investor and corporate relations and communications, new
business development including acquisition of new technologies, products
and businesses, and general administrative functions, as well as product
development activities. Mr. Maruzzo has his MBA from the University of
Toronto, his M.A.Sc Biomedical Engineering from the University of Toronto
and his B.A.Sc in Electrical Engineering. from the University of Waterloo
and is a professional engineer.

Mr. Brian Miloski is currently employed as a Managing Director with the
investment banking firm Caris & Company ("Caris"). Mr. Miloski joined
Caris to help build the technology and energy investment banking
practices and is responsible for the origination and execution of
investment banking transactions including capital raises and mergers and
acquisitions activity. Prior to joining Caris, Mr. Miloski was employed
with BMO Capital Markets, a full-service North American financial
services provider, in the Investment & Corporate Banking Group, where he
was responsible for positioning companies within the public and private
investment communities and executing investment banking transactions
across several industries. Mr. Miloski has his M.S. Finance from the
University of Baltimore and his B.S. Economics and Computer Science from
the State University of New York College at Cortland.

Mr. Jeffrey Sherman's experience includes Vice President Finance and
C.F.O. at Herbert A Watts Limited, a business services and customer
relationship management company. He implemented many process improvements
and arranged the refinancing and subsequent sale of the company. Before
that, Mr. Sherman was Vice President, Finance and C.F.O. at Visible
Genetics Inc., a medical instrumentation and diagnostics company. He set
up systems and managed administration and finance as the company grew and
helped drive the company's initial public offering on Nasdaq, as well as
two private placements. The company was subsequently sold to Bayer. More
recently, he was interim C.F.O. at an instrumentation manufacturer where
he upgraded systems and financial reporting as sales quadrupled with no
increase in expenses, and he is currently C.F.O. at Pure Nickel Inc., a
nickel exploration company with one of the largest portfolios of
properties in the world. Mr. Sherman is a Fellow of the Canadian
Securities Institute, and Certified Investment Manager, Canadian
Securities Institute; a Chartered Accountant; has his MBA from York
University and B. Comm. from the University of Toronto.

Tony Verrelli, President, Cleanfield Alternative Energy, said, "With the
addition of the four new independent nominees to the Board of Directors,
Cleanfield is taking a significant action to strengthen our board of
directors, augmenting the structure and experience of the Board.
Furthermore, the addition of the new nominees will enable management to
implement new strategies to enhance shareholder value. We strongly urge
shareholders to support our slate of director nominees who will fairly
represent and act in the best interest of all Cleanfield Shareholders."

About Cleanfield Alternative Energy Inc.

Cleanfield Alternative Energy Inc. is the parent company of Cleanfield
Energy Corp. and is committed to the development of renewable energy
products for both consumer and commercial applications. Cleanfield's
tailor-made VAWT can be mounted on a tower or suitable rooftop, offering
electricity independence and security.

THE TSX VENTURE EXCHANGE HAS
NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.

Contacts:
Cleanfield Alternative Energy Inc.
Tony Verrelli
President/CEO
(905) 304-5223
Email: info@cleanfieldenergy.com
Website: www.cleanfieldenergy.com

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