NaiKun Wind Energy Group Inc. Announces Executive Team Changes by 24hgold

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NaiKun Wind Energy Group Inc.
TSX VENTURE:	NKW

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June 2, 2010
NaiKun Wind Announces Executive Team Changes
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2010) - NaiKun Wind Energy Group Inc. ("NaiKun Wind") (TSX VENTURE:NKW) announced today that effective June 15, 2010, Paul Taylor, President & CEO, will be leaving NaiKun Wind and also resigning from the Board of Directors. Effective June 16, 2010, the Board of Directors has appointed Michael O'Connor as President & CEO and director. Mr. O'Connor joined NaiKun Wind in May 2008 serving as Senior Vice-President of NaiKun Wind Energy Group Inc. Mr. O'Connor will also continue to serve as President of the company's generation subsidiary, NaiKun Wind Generating Inc. Prior to joining NaiKun Wind, Mr. O'Connor was Project Director for the successful Canada Line Rapid Transit Project with SNC - Lavalin. He has also served as President and CEO of BC Transit and CEO of Clearwater Technologies, a developer and manufacturer of water and wastewater plant and distribution systems. "Michael O'Connor is the right person to lead NaiKun Wind as the company moves beyond the Clean Power Call and undertakes a strategic review designed to maximize shareholder value," said Philip Hughes, Board Chairman. "We also continue to believe that the NaiKun Wind offshore project, given its scale and advanced stage of development, will play an important role in addressing British Columbia's climate change goals and future energy needs." The Board of Directors sincerely thanks Mr. Taylor for his contribution to the development and advancement of the NaiKun Wind offshore project and the achievement of a number of significant milestones and partnerships. The changes announced today support the corporate restructuring of NaiKun Wind initiated on May 20, 2010, and the company's commitment to significantly reduce its cost structure to sustain the development of the NaiKun Wind offshore wind energy project. NaiKun Wind expects to reduce its annual operating costs from $4.5 million to less than $2 million. NaiKun Wind will incur a one-time charge of approximately $665,000 arising from the buy-out of Mr. Taylor's employment agreement. NaiKun Wind is also announcing that Steve Eckert has resigned from his role as Senior Vice-President of NaiKun Wind, effective June 1, 2010, and that he has assumed the new role of Senior Advisor. The Board of Directors thanks Mr. Eckert for guiding the development of the NaiKun Wind project and for his high level of professionalism and skill and looks forward to continuing to benefit from Mr. Eckert's valuable expertise. NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy company with offices in Vancouver, Masset and Skidegate. For more information on NaiKun Wind, please visit www.naikun.ca. Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

NaiKun Wind Energy Group Inc.
Susan Bruckner
Media Enquiries
604-631-4475
sbruckner@naikun.ca

or

NaiKun Wind Energy Group Inc.
Peter Murray
Investor Enquiries
604-631-4494
pmurray@naikun.ca
www.naikun.ca

INDUSTRY: Energy and Utilities - Alternative Energy, Energy and Utilities - Utilities, Environment - Air Pollution Control, Environment - Natural Resource Management, Environment - Regulations and Law

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