NaiKun Wind Energy Group Inc.: Notice of Forced Conversion Given

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 6, 2007) - Mr. Michael C. Burns, Chairman of NaiKun Wind Energy Group Inc. ("NaiKun" or "the Company") (TSX VENTURE:NKW), today announced that the Company is mailing out a Notice of Forced Conversion to all debenture holders of the Company. The debentures were issued pursuant to the firm underwriting private placement which was completed with Northern Securities in August and September 2006 and carried an 8% coupon payable quarterly. They are convertible at the company's option once the weighted average trading price of common shares on the TSX Venture Exchange averages $1 or more for a minimum of 60 trading days. The Date of Forced Conversion has been set as March 1, 2007. Mr. Burns noted, "the conversion will eliminate the interest charges applicable to the debentures and result in considerable savings for the Company." It is anticipated that the shares resulting from the forced conversion will be distributed in the next few weeks.

NaiKun Wind Energy Group Inc. is a Vancouver-based energy company that has traded on the TSX Venture Exchange (and its predecessors) since 1967. Its stock symbol is NKW. Since 2000, the company has focused on renewable energy and is now concentrating on development of a major wind farm in British Columbia's Hecate Strait. Interested parties are invited to visit the company's website at www.naikun.ca.

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