Wall Street News Alert: WWEI Is Wednesday's Stock on the Move! December 3, 2008

Market Wire, December, 2008

Wall Street News Alert's "stocks to watch" this morning are: Welwind Energy International Corp. (OTCBB: WWEI), ConocoPhillips (NYSE: COP), Goldcorp Inc. (NYSE: GG) and Valero Energy Corporation (NYSE: VLO).

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Welwind Energy International Corp. (OTCBB: WWEI) is at it again, and the company is continuing it string of positive news for this week! Investors are, once again, urged to watch this stock closely! Early this morning, the company issued a press release announcing that it has successfully come to a terms agreement with Windcor Power Systems to create a joint venture partnership on various projects located in Canada.

More good news for the company! According to the release, both companies agree to begin its relationship starting with a site located in Southern Alberta, Canada. Windcor Power Systems has worked with Welwind for the past few years as its developer for its China projects, namely the Zhanjiang and Yangxi wind farms to develop over 1000 MW of wind-generated power. The relationship further extends to its Peace Region Project in British Columbia as well.

The two companies have had the opportunity to forge a relationship over the successful development of its projects in China and determined that the next natural step would be to form a joint venture on the Canadian frontier of the wind industry.

The project, with a potential build out of 200 MW, is located in Southern Alberta, Canada and has over 3 years' wind data. The Company has determined that data to date proves favorable to build a profitable wind project at this location.

Most of the environmental work is complete and through consultation with the public and area stakeholders we are comfortable that Windcor and Welwind now have all of the necessary data to proceed on a successful endeavor. "This is a natural partnership between our two companies. With Windcor's expertise in the Canadian green energy field and Welwind's strong financial partners, we look forward to future successes in our joint venture relationship," says Larry McNabb, President of Welwind.

Windcor and Welwind are jointly reviewing projects in various provinces of Canada, namely 3 potential sites in Alberta and British Columbia. Each project will be in the range of 100 MW for the commercial scale wind sites. There are also various community projects in the range of 10 - 30 MW that are also being considered due to their expediency in development time.

Yesterday, the company issued another press release announcing that it has secured an additional 1400 acres of private land for its Peace Region Project. The company is seeking private land to minimize the environmental process and high costs that are inherent with Crown Land.

According to the press release, Welwind received an intent to fund all of our projects in China along with the development activities in the Peace region. Funding has been secured at very reasonable terms and rates allowing for additional bottom line revenue for our investors.

And finally on Monday the company reported that it has received a letter of final approval from the local regional Mayor for the Zhanjiang Power Purchase Agreement (PPA). According to the press release, 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.

The details of the PPA will be formally announced within the next few weeks with terms, conditions and pricing.

Investors are urged to continue to monitor the progress of the company!

The stock closed yesterday at Seven cents a share.

In case you are not familiar with the company: Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations.

Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.

ConocoPhillips (NYSE: COP) up 1.5% on 14.3 million shares traded.

ConocoPhillips is an international, integrated energy company with interests around the world.

Goldcorp Inc. (NYSE: GG) up 1.6% on 14.2 million shares traded.