Wind Energy America Inc. and Boreal Energy Inc. Enter Into LOI for Business Combination

Business Wire, Oct 16, 2007

MINNEAPOLIS -- Wind Energy America Inc. (OTCBB:WNEA) announced today that it has entered into a Letter of Intent (LOI) to effect a business combination with Boreal Energy Inc., a Minnesota corporation. WNEA intends to purchase substantially all of Boreal's wind energy assets in a tax-free exchange for WNEA common stock. Terms of the LOI provide for WNEA to exchange up to 30 million common shares for Boreal's assets, depending upon their value to be determined through a due diligence process now being undertaken prior to the parties entering into a binding definitive business combination agreement.

Boreal is a wind farm developer, owner and operator based in Minnesota which owns or controls significant interests and rights to an extensive "pipeline" of wind energy projects in the upper Great Plains, the Midwest and Canada. The Boreal pipeline of projects includes approximately 60 megawatts in various phases of design or development plus an additional l,200 megawatts being planned for future development. Boreal's wind energy properties and projects all are located in some of the most favorable wind regimes in North America for generation of electricity from wind power turbines.

Robert Knutson, CEO of WNEA, stated -- "We are pleased and excited to have achieved this LOI to proceed with a business combination with Boreal. We believe our intended acquisition of this unique pipeline of desirable wind energy projects will enable us to consummate our primary strategic goal to build a profitable and diversified portfolio of wind power assets. We have studied and reviewed many of the wind farm projects in the USA for the past year, after which we are convinced that Boreal has accumulated a superior pipeline of wind energy projects."

This press release contains forward-looking statements based on the Company's current expectations,which involve known and unknown risks and uncertainties which may cause actual results, performance or future achievements of the Company to be materially different than any future results, performance, or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly any revisions or supplements to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.