CLBN Caliber Energy Inc New (CE)

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