AAER Inks Manufacturer Warranty Insurance Program

AAER Inc., Canada's only original equipment manufacturer of wind turbines of 1 megawatt ("MW") and more, announced today that it has secured a global insurance policy with a top tier insurer to provide financial backing for its wind turbine manufacturer warranty program in North America.

"This is another important milestone for AAER, as we've just improved the value proposition to potential customers. This insurance policy provides an additional level of comfort for our customers globally and improves the bankability of our product. This insurance policy also minimizes the required cash provision levels on our balance sheet for warranty purposes, thus enabling AAER to make an optimal use of its liquidities," said Dave Gagnon, President and CEO of AAER.

This insurance policy has been devised with the collaboration of Holmes Murphy & Associates', Renewable Energy Division, and the Boiler Inspection and Insurance Company of Canada, (BI&I), a division of the HSB Group, Inc., a wholly owned subsidiary of American International Group, Inc. The two year wind turbine generator mechanical breakdown warranty covers the nacelles, towers, and blades for up to the full value of AAER's wind turbines. BI&I will issue a warranty for each wind turbine generator which is linked to each wind turbine's serial number.

"We are excited to see this strategic partnership with AAER and BI&I. Together we have designed and implemented the first customized stand-alone warranty program backed by a North American domiciled insurance company. We feel that the way this warranty is structured makes it a superior product and will in time become the industry standard," said Jim Swift, President and CEO of Holmes Murphy & Associates.

About AAER Inc.
AAER is a wind turbine manufacturer located in Bromont, Quebec that manufactures and maintains high capacity 1 Megawatt or more wind turbines principally for the North American market. Its strategy is to progressively build its product's components to provide a high level of reliability and a competitive pricing to its customers. AAER uses proven European technologies to ensure the performance of its turbines in various wind conditions and complex terrains. Its stock is listed on the TSX Venture Exchange (AAE). Additional information is available on the Company's Website at www.aaer.ca.

About BI&I
The Boiler Inspection and Insurance Company of Canada has been in business since 1875 and is Canada's leading provider of engineering - based insurance products and related technical services. A.M. Best Company has affirmed its highest financial strength rating, A++ (Superior), for the Hartford Steam Boiler Group (HSB). A.M. Best's A++ (Superior) rating applies to The Boiler Inspection and Insurance Company of Canada and The Hartford Steam Boiler Inspection and Insurance Company.

Forward-Looking Statements
This news release contains certain forward-looking statements. These statements relate to future events or AAER's future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. AAER 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 law.

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

For further information

    AAER Inc., Dave Gagnon, President, Telephone: (450) 534-5155, www.aaer.ca
    The Equicom Group Inc., Danielle Ste-Marie, Telephone: (514) 844-6064, dste-marie@equicomgroup.com
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