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Message #8
From: NewsBot
Date: November 8, 2008 05:05:13 AM

WNDEF stock, Western Wind Energy Corp. announces a 72% increase in revenues for the third quarter ended September 30, 2008

    Issued and Outstanding: 36,703,251
Toronto Venture Exchange Symbol: 'WND'

VANCOUVER, Nov. 3 /PRNewswire-FirstCall/ - Western Wind Energy Corp. ('Western Wind' or the 'Company') is pleased to announce a 72% increase in revenues to $1,405,648 compared to $817,266 for the comparable three months ended October 31, 2007. Net loss was $780,849 and net loss from continuing operations was $699,660 for the quarter, both two cents ($0.02) per share compared to a net loss of $130,780 and a loss from continuing operations of $151,762, one cent ($0.01) per share for the comparable three month period ended October 31, 2007.

For the nine months ended September 30, 2008 revenues were up 11% to $4,428,986 from $3,982,706 for the comparable nine month period ended October 31, 2007. Net loss for the nine month period was $17,739 compared to a loss of $234,920, one cent ($0.01) per share for the nine months ended October 31, 2007. Loss from continuing operations for the nine months ended September 30, 2008 was $2,865,614, nine cents ($0.09) per share compared to a loss of $229,737 for the nine months ended October 31, 2007.

The Company's financial position as at September 30, 2008 was strong with a cash balance of $3.1 million, working capital of just under $3 million, loans payable of only $0.9 million and shareholders' equity of over $22 million.

The information in this news release should be read in conjunction with the Interim Consolidated Financial Statements for the nine months ended September 30, 2008, prepared in accordance with Canadian generally accepted accounting principles, and the Management Discussion and Analysis for the nine months ended September 30, 2008. The financial statements and MD&A will be available at the Company's website at www.westernwindenergy.com and at www.sedar.com.

Western Wind is in the business of acquiring land sites, capital and technology for the production of electricity from renewable sources. Western Wind conducts its operations through its wholly owned subsidiaries in Arizona and California. Management of Western Wind includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.

        ON BEHALF OF THE BOARD OF DIRECTORS

Jeff Ciachurski

Chief Executive Officer and DIRECTOR

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Certain statements included herein are 'forward-looking statements' as defined by securities regulatory authorities and legislation in Canada and the United States. Management cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statement. Important factors that could cause the actual results of operations or financial condition of the Company to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company on SEDAR and with the Securities and Exchange Commission.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE Western Wind Energy

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