Cleanfield Grants Stock Options

TORONTO, Nov. 1 /CNW/ - Cleanfield Alternative Energy Inc. (TSX-V: AIR) ("Cleanfield"), a leader in innovative sustainable energy technologies and building-integrated solutions, announced today that it granted 450,000 stock options to directors of the Company, 50,000 stock options to an officer of the Company, 400,000 stock options to consultants performing investor relations activities and 50,000 stock options to a consultant of the Company.  All options are exercisable at a price of $0.16 cents per common share, and expire on October 31, 2015.

About Cleanfield Alternative Energy Inc Cleanfield is an innovative technology company focused on the research, development and distribution of renewable energy solutions for the urban environment. Cleanfield possesses industry leading, proprietary inverter technologies, which it currently sells through a complete solution - a 3.5 kW vertical axis wind turbine. Cleanfield turbines have been installed in over 50 locations worldwide. The company's vision is to be recognized as an international leader in bringing high-quality and innovative sustainable energy solutions to the marketplace.

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.

For further information:

Go to www.cleanfieldenergy.com, or contact Tony Verrelli, CEO, Cleanfield Energy [phone], [email protected].