Cleanfield Announces Board of Directors Changes

TORONTO, Oct. 15, 2012 /CNW/ - Cleanfield Alternative Energy Inc. ("Cleanfield") (TSX VENTURE: AIR), announces the resignation of Mr. Sureshlal Kamalalal Shrivastav as a director of the Corporation effective immediately and the appointment of Sanjay Roy to Cleanfield's board of directors effective October 15, 2012 subject to TSX approval.

Tony Verrelli, President, Cleanfield Alternative Energy, said, " We would like to thank Mr. Shrivastav for his contributions to the Company and we wish him all the best in his future endeavours. Also, on behalf of Cleanfield shareholders, we welcome Mr. Roy to the Cleanfield's Board. Mr. Roy is the new Group CEO of SAI Prasad.

About Cleanfield Alternative Energy: Cleanfield is an innovative technology company focused on the research, development and distribution of renewable energy solutions for the urban environment. The company owns industry leading and proprietary inverter technologies, which it currently sells through a complete solution - a 3 kW vertical axis wind turbine. The company is also developing several advanced solar photovoltaic technologies with strategic partners.

Forward Looking Statements: Certain statements in this news release may be considered to be forward-looking. These statements relate to future events or Cleanfield's future results including revenues and reflect the current assumptions and expectations of management. Unknown factors may affect the events, performance, revenues and results of operations described herein. Cleanfield undertakes no obligation, and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable laws.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Cleanfield Alternative Energy Inc.

Go to www.cleanfieldenergy.com, or contact Tony Verrelli, CEO, Cleanfield 416 756-4890, [email protected].