Western Wind requests OSC hearing to require independent valuation

      Western Wind requests OSC hearing to require independent valuation

PR Newswire

VANCOUVER, Jan. 28, 2013

TSX.V Symbol: "WND"
Issued and Outstanding: 70,462,806

VANCOUVER, Jan.  28, 2013  /PRNewswire/ -  Western Wind  Energy Corp.  -  (the 
"Company" or "Western Wind") (TSX Venture Exchange - "WND") (OTCQX -  "WNDEF") 
announces that it  has made  a formal  application to  the Ontario  Securities 
Commission (the "OSC") requesting that  the OSC make orders requiring that WWE
Equity Holdings Inc.,  an indirect subsidiary  of Brookfield Renewable  Energy 
Partners L.P. (together, "Brookfield") prepare  and disclose the results of  a 
formal  valuation  in  compliance   with  Multilateral  Instrument  61-101   - 
Protection of Minority Security Holders in Special Transactions ("MI 61-101").
The application is  made in  respect of  Brookfield's offer  (the "Offer")  to 
Western Wind shareholders to purchase all of the issued and outstanding shares
of Western Wind.

The OSC has  not yet set  a hearing date.  The Company expects  that any  such 
hearing will not be scheduled before the expiry date of the Offer. There is no
guarantee that the OSC will make the orders requested by the Company.

"We want our  shareholders to  be treated equitably.  Therefore, after  having 
discussions with the OSC on  this issue over the  past several weeks, we  have 
now formally applied to  the OSC to require  an independent valuator to  carry 
out a  valuation  of  Western Wind  shares.  With  a valuation  in  hand,  our 
shareholders will be able to make an informed decision," said Mr. Ciachurski.

"Shareholders are also reminded that our auction process is still underway and
we are  continuing  to  pursue  options that  will  maximize  full  value  for 
shareholders. We are  confident in our  endeavours to obtain  a better  price. 
Either Brookfield  plays by  the  rules and  obtains a  shareholder  supported 
transaction based on a publicly disclosed valuation or our assets will be sold
to  selected  purchasers  who  obtain  shareholder  approval"  concluded   Mr. 

Background to the OSC Application

The Offer constitutes an  "insider bid" for the  purposes of MI 61-101,  since 
Brookfield and its affiliates hold more than 10% of the issued and outstanding
common shares of the Company.

MI 61-101  requires,  among other  things,  that  a formal  valuation  of  the 
securities that  are  the  subject  of  an  insider  bid  be  prepared  by  an 
independent valuator  and  filed  with the  applicable  securities  regulatory 
authority and  that a  summary of  the  formal valuation  be included  in  the 
take-over  bid  circular  in  respect  of  the  insider  bid  (the  "Valuation 
Requirement"), subject to  certain exemptions.  The purpose  of the  Valuation 
Requirement is  to level  the  playing field  for minority  shareholders  when 
transactions are proposed in which insiders like Brookfield have an  advantage 
over minority shareholders by virtue of increased access to information.

Brookfield is relying on  an exemption from the  Valuation Requirement on  the 
basis that neither  Brookfield nor any  of its  joint actors has,  or has  had 
within the preceding twelve months, any board or management representation  in 
respect  of  the  Company,  or  has  knowledge  of  any  material  information 
concerning the Company or its securities that has not been generally disclosed
(the "Valuation Exemption").

However, due to the fact that Brookfield and its affiliates have knowledge  of 
material, non-public  and  confidential  information about  the  business  and 
affairs of the Company,  Western Wind is  of the view  that Brookfield is  not 
entitled to rely  on the Valuation  Exemption and that  a formal valuation  of 
Western Wind shares should therefore be obtained in accordance with MI 61-101.

The Company believes that a formal valuation will benefit all shareholders  by 
allowing them to assess the price  offered by Brookfield relative to the  fair 
market value of Western Wind shares as determined by an independent valuator.


Western Wind is  a vertically integrated  renewable energy production  company 
that owns and operates wind and solar generation facilities with 165 net MW of
rated capacity  in  production, in  the  States of  California  and  Arizona. 
Western Wind further owns  substantial development assets  for both solar  and 
wind energy in the U.S. The Company is headquartered in Vancouver, BC and  has 
branch offices in Scottsdale, Arizona and Tehachapi, California. Western Wind
trades on the TSX Venture Exchange under  the symbol "WND", and in the  United 
States on the OTCQX under the symbol "WNDEF".

The Company  owns and  operates  three wind  energy generation  facilities  in 
California, and one fully integrated combined wind and solar energy generation
facility in  Arizona.  The  three operating  wind  generation  facilities  in 
California are comprised of the 120MW Windstar, the 4.5MW Windridge facilities
in Tehachapi, and the 30MW Mesa  wind generation facility near Palm  Springs. 
The facility in Arizona is the  Company's 10.5MW Kingman integrated solar  and 
wind facility.  The  Company is  further  developing wind  and  solar  energy 
projects in California, Arizona, and Puerto Rico.



Jeffrey J. Ciachurski
President & Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is  defined  in  the  policies  of  the  TSX  Venture  Exchange)  accepts 
responsibility for the adequacy or accuracy of this release.


Certain  statements   contained   in   this  news   release   may   constitute 
forward-looking information under applicable Canadian securities legislation.
These statements relate to future events  and are prospective in nature.  All 
statements  other   than  statements   of  historical   fact  may   constitute 
forward-looking   statements   or    contain   forward-looking    information. 
Forward-looking statements are often, but not always, identified by the use of
words such  as  "may",  "will",  "project",  "predict",  "potential",  "plan", 
"continue", "estimate",  "expect",  "targeting", "intend",  "could",  "might", 
"seek",   "anticipate",   "should",   "believe"   or   variations    thereof. 
Forward-looking information  may relate  to  management's future  outlook  and 
anticipated events  or  results  and may  include  statements  or  information 
regarding the future plans or prospects of the Company.

Forward-looking information  is  based  on  certain  factors  and  assumptions 
regarding, among other  things, the outcome  of a hearing  before the OSC,  if 
such hearing occurs, the results of  a valuation, if obtained by Brookfield  , 
and the availability of a financially superior offer,. Several factors  could 
cause actual  results  to  differ  materially  from  those  expressed  in  the 
forward-looking statements, including, but  not limited to:  the outcome of  a 
hearing before the OSC, if such hearing occurs, the results of a valuation, if
obtained by Brookfield,  may not  be as  anticipated by  the Company,  actions 
taken by  Brookfield,  actions  taken  by the  Western  Wind  Shareholders  in 
relation to  the Offer,  the possible  effect of  the Offer  on the  Company's 
business, the outcome of the Company's previously-announced sale process,  and 
the availability  of value-maximizing  alternatives  relative to  the  Offer. 
Additional risks and uncertainties can be found in the Company's MD&A for  the 
year ended December  31, 2011  and the Company's  other continuous  disclosure 
filings which are available at www.sedar.com.

Forward-looking statements and forward-looking  information involve known  and 
unknown risks, uncertainties and other  factors that may cause actual  results 
or events  to  differ  materially  from  those  anticipated.  Forward-looking 
information is subject to a variety of known and unknown risks,  uncertainties 
and other factors  that could cause  actual events or  results to differ  from 
those  reflected  in   the  forward-looking   statements  including,   without 
limitation: the risk that the outcome of a hearing before the OSC will not  be 
in the  Company's  favor,  the  results  of  the  valuation,  if  obtained  by 
Brookfield, will not be as anticipated by the Company, the progress of Western
Wind's sales  process, and,  assuming the  Company receives  an expression  of 
interest from a  prospective purchaser, whether  a financially superior  offer 
for Western  Wind  emerges,  whether  the  Company  is  able  to  successfully 
negotiate a prospective sales  transaction and whether  the conditions of  any 
proposed transaction,  including  receipt  by the  Company  of  all  necessary 
approvals, are met.

The Company believes  that the expectations  reflected in the  forward-looking 
statements contained in this news release are reasonable, but no assurance can
be given that they will prove to be correct. Actual results and future events
may differ materially from  those anticipated and accordingly  forward-looking 
statements should  not  be  unduly relied  upon.  Forward-looking  statements 
contained in this document speak  only as of the  date of this news  release. 
Except as required by applicable law, Western Wind disclaims any obligation to
update any forward-looking information.

SOURCE Western Wind Energy


Investor Relations Contact:

Lawrence Casse

Tel: (416) 992-7227
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