Finavera Renewables Appoints Ian Harvey to Board of Directors

VANCOUVER, June 2 /CNW/ - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to announce that Ian Harvey has been appointed to its Board of Directors. Mr. Harvey has extensive wind industry experience in both Canada and Ireland.

Mr. Harvey is the founding shareholder and director of B9 Energy. He has negotiated numerous power purchase agreements, wind farm construction contracts, and financings for six wind farms in Ireland with a capacity of more than 60 megawatts and the 63 megawatt Kettles Hill wind farm in Alberta, Canada. B9 Energy was formed in 1992 to develop wind farms and has since diversified into Operations and Maintenance of wind farms, landfill gas, and renewable energy from organic waste. Mr. Harvey holds a Bachelor of Science (Economics) from the University of Ulster and is a Fellow of the Institute of Chartered Accountants in Ireland (FCA).

Finavera Renewables CEO Jason Bak said, "Mr. Harvey is a welcome addition to our board of directors and will bring us almost two decades of wind energy development and construction expertise. Mr. Harvey will provide a compliment to our current team as we move towards the critical milestones of securing project finance, negotiating construction contracts, and executing turbine supply agreements."

Jason Bak, CEO, on behalf of the Board of Directors

About Finavera Renewables Inc. (www.finavera.com)

Finavera Renewables Inc. is dedicated to the development of renewable energy resources and technologies. The Company's objective is to become a major renewable and green energy producer by developing and operating its assets in the wind sector. Finavera Renewables is developing wind energy projects in Canada and Ireland. In British Columbia, Canada, projects totaling 301 MW have been awarded Electricity Purchase Agreements under the Hydro Clean Power Call. In Ireland, one pre-construction wind project is under development with a potential capacity of 105MW. Data collection and environmental studies have been continuing at a number of sites in both countries.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words "would", "will", "expected" and "estimated" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

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

For further information: Finavera Renewables, Myke Clark, SVP Business Development, Finavera Renewables, [phone], [email protected]; Media Contact, Mike Wilson, FD Element, [phone], [email protected]