Western Wind Requests OSC Hearing to Require Independent Valuation

      Western Wind Requests OSC Hearing to Require Independent Valuation

  PR Newswire

  VANCOUVER, British Columbia, January 28, 2013

VANCOUVER, British Columbia, January 28, 2013 /PRNewswire/ --

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

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.
Ciachurski.

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.

ABOUT WESTERN WIND ENERGY CORP.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

"SIGNED"

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.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

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 http://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

For further information:

Investor Relations Contact: Lawrence  Casse AlphaEdge Tel: +1(416)992-7227
Email: alphaedgeinc@gmail.com

(WND. WNDEF)