Joint Agreement Signed between World Energy Research and Blue Energy Canada

World Energy Research to finance Blue Energy Canada's first 200 MW commercial
tidal power project

AUCKLAND, New Zealand, July 4 /PRNewswire-FirstCall/ -- World Energy Research
and Blue Energy Canada have signed a joint agreement in which World Energy
Research will finance the development of Blue Energy Canada's first 200 MW
commercial tidal power project at a cost of roughly half a billion dollars.
World Energy Research, which specializes in the development and
commercialization of green energy technology, chose Blue Energy's
resource-driven tidal power design over other technologies in the emerging
tidal power sector.

"After exhaustive research, World Energy Research found several companies
capable of producing small amounts of energy, but none on the scale of Blue
Energy's Davis Tidal Turbine, which was developed specifically to harness
tidal power on a large scale," said Chad Willis, Managing Director of World
Energy Research.

BusinessWeek Magazine in its article 'Innovation from Recession' just listed
Blue Energy's discovery number one out of the top 20 most important
technologies of the next 10 years.

"The Blue Energy vertical-axis turbine represents two decades of Canadian
research and development, which generates an inexpensive, non-exhaustible
source of environmentally-safe electricity to power the world's energy needs,"
says Blue Energy Canada's CEO, Martin J. Burger.

The partnership promises to be an exciting time in the upcoming
commercialization of this game changing technology, harnessing the world's
largest untapped renewable energy source.

About World Energy Research
World Energy Research is an independent energy research, exploration,
management and operating company that specializes in low-risk, secure, private
placement energy investments. Its mission is to create partnerships with
leading energy companies on the forefront of technology, making the latest and
most productive projects in the world energy market available to its
investors. For more information, please visit
http://www.worldenergyresearch.com.

About Blue Energy Canada Inc.
Blue Energy Canada Inc. is a green energy technology company commercializing
the Davis Hydro Turbine, capable of converting tidal currents into
electricity. With its scalable and proven advanced aerospace technology, Blue
Energy is a solution the world has been seeking. For more information, please
visit http://www.bluenergy.com.

Media Contact
World Energy Research
649-359-7492
info@worldenergyresearch.com

SOURCE World Energy Research

World Energy Research, +1-649-359-7492, info@worldenergyresearch.com