Navajo Wind Announces Final Approval for Xinjiang Wind Farm PPA From Local Government

* Reuters is not responsible for the content in this press release.

Mon May 11, 2009 4:00pm EDT 

  ATLANTA, GA, May 11 (MARKET WIRE) -- 
Navajo Wind Energy Corp. (the "Company" and formerly Caliber Energy Inc.)
(PINKSHEETS: CLBN) announces that it has received a letter of final
approval from the local regional Mayor for the Xinjiang Power Purchase
Agreement (PPA).

    As per China's Renewable Energy Law, the Power Purchase Agreement with the
local utility is mandated by the central Government of China. Through this
legislation, the State officially encourages the construction of renewable
energy power facilities. China's electricity grid is obligated to purchase
all the electricity generated by approved renewable energy facilities
located in its service area. The grid's buying price for renewables is set
by the National Development and Reform Commission (NDRC), a regulatory
department of the State Council. The company awaits final pricing and
terms from the NDRC.

    Navajo is extremely pleased with this development and is assured that the
Company will have this long awaited news from the Province before
September, along with wind farm construction permit.

    "We would like to thank everyone involved in this project for all of their
hard work in attaining this tremendous accomplishment," says Barry Doyle,
President of Navajo Wind Energy Corp. The details of the PPA will be
formally announced within the next few weeks with terms, conditions and
pricing.

    In addition, the Company looks forward to finalizing the current
information with the Pink Sheets OTC disclosure and news service.

    About Navajo Wind Energy

    Navajo Wind Energy Corp. is a renewable energy company focused on the
development of more than 500 megawatts of clean wind energy to drive its
future revenues and growth. The Company is pursuing significant
opportunities to provide clean wind power to the growing demand in China.
With the key acquisition of wind farm and power trading company Guangzhou
Jianianxiang Co. Ltd, Navajo will become one of only a few companies
licensed to trade electrical power in and outside of China.

    

Contact:
Navajo Wind Energy Corp.
Peter Wong
800-598-2034, ext. 109
Investor Relations

Copyright 2009, Market Wire, All rights reserved.

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