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Press release from CNW Group

Western Wind proxy update

Wednesday, August 01, 2012

Western Wind proxy update04:39 EDT Wednesday, August 01, 2012TSX.V Symbol: "WND"OTCQX Symbol: "WNDEF"Issued and Outstanding: 62,731,056www.westernwindenergy.comVANCOUVER, Aug. 1, 2012 /CNW/ - Western Wind Energy Corp. - (Toronto Venture Exchange - "WND") (OTCQX - "WNDEF"), wishes to announce the following update on the July 31st, 2012 news release issued by Andrew Reuben Midler and his dissident slate of directors:Andrew Reuben Midler states in his July 31, 2012 news release that he has assembled an exceptional slate of alternate directors including Mr. Winston Bennett.  Upon further examination of the public files, it was discovered that Mr. Winston Bennett is a director and chairman of the audit committee of a company called Reservoir Capital Corp. "REO" on the TSX.V.  Reservoir Capital Corp., one year ago, was trading at a $1.26 per share.  Today, one year later, it is trading at $0.29 per share - that is a decline of 77%.  Further, Reservoir Capital raised over $30 million in share capital and has a $24 million deficit and only $7.5 million in shareholder equity.  For the nine months ended January 31, 2012, Reservoir Capital lost $7.6 million.  Included in this amount was $1.3 million in general adminstration expenses.The loss translates into ($0.16) per share for the nine month period for a company trading at only $0.29 per share.  This further substantiates Western Wind's claims that the alternate slate of directors, proposed by Andrew Reuben Midler, has no publicly disclosed track record that can match the track record of the current board of Western Wind Energy.Jeff Ciachurski, President and CEO of Western Wind Energy states "after the news release by Mr. Midler, we needed to take a closer look at the publicly disclosed track records of his slate of nominees.  A stock going from $1.26 to $0.29 per share with loss of $0.16 per share, for the nine month period alone, is hardly a showcase of success."Western Wind continues to evaluate the public files on the alternate slate.ABOUT WESTERN WIND ENERGY CORP.Western Wind Energy is a vertically integrated renewable energy production company that owns and operates wind and solar generation facilities with 165MW of rated capacity in production, in the States of California and Arizona.  Western Wind further owns substantial development assets for both solar and wind energy in the U.S. .  The Company is headquartered in Vancouver, BC and has branch offices in Scottsdale, Arizona and Tehachapi, California.  Western Wind trades on the Toronto Venture Exchange under the symbol "WND", and in the United States on the OTCQX under the symbol "WNDEF".The Company owns and operates three wind energy generation facilities in California, and one fully integrated combined wind and solar energy generation facility in Arizona.  The three operating wind generation facilities in California are comprised of the 120MW Windstar, 4.5MW Windridge facilities in Tehachapi, and the 30MW Mesa wind generation facility near Palm Springs.  The facility in Arizona is the Company's 10.5MW Kingman integrated solar and wind facility.  The Company is further developing wind and solar energy projects in California, Arizona, and Puerto Rico.ON BEHALF OF THE BOARD OF DIRECTORS"SIGNED"Jeffrey J. CiachurskiPresident & Chief Executive OfficerNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements.  Words such as "expects", "anticipates", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements.  These statements are based on management's current expectations and beliefs and actual events or results may differ materially.  There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements.  Such factors include, but are not limited to, the state of the Company's business activities and various factors discussed in the Company's audited annual financial statements and annual information form contained in the Company's 40F filed with the United States Securities and Exchange Commission and securities regulators in Canada.  Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.1 Refer to "Non-GAAP Performance Measures"SOURCE: Western Wind EnergyFor further information: 1326 - 885 WEST GEORGIA STREET VANCOUVER, BC V6C 3E8 TELEPHONE: 604.685.WIND (9463) FACSIMILE: 604.685.9441 www.westernwindenergy.com