Catch the Wind Relinquishes Interest in Falcon Fifty LLC and Related Aircraft

CHANTILLY, VA, Oct. 26, 2011 - Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that effective October 22, 2011, the Company's wholly-owned subsidiary, Catch the Wind, Inc. ("CTW"), withdrew its membership in Falcon Fifty LLC, which was originally formed in September 2009 to acquire a Falcon 50 aircraft. As a result, the Company no longer has any interest in the aircraft.

"The mission of this Company is to become the premier provider of high-performance wind-sensing equipment to the wind turbine industry. The elimination of the corporate jet removes complexity from the Company and allows us to be more efficient with our cash, both of which are positive steps enabling us to execute more effectively," said Jo Major, interim CEO of Catch the Wind. "The timing of this action is right as the Company is progressing into commercial production commencing this quarter and expanding next quarter."

"This withdrawal will benefit the Company as it had been paying approximately $1.5 million a year for this aircraft. To fully understand all of the financial impacts, CTW requires access to information that is currently being withheld by Falcon Fifty LLC," said Susan Nickey, the Board member appointed to conduct an internal review of the financial impact of the aircraft to the Company.

In order to compel access to the necessary information and for other declaratory relief, the Company announced that CTW has filed a Complaint in the Delaware Chancery Court against Falcon Fifty LLC, Tristar Aviation LLC (Falcon Fifty LLC's sole member) and Tristar Aviation LLC's member and its owners, Phil and Alisa Rogers.

About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® laser wind sensor.

Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit catchthewindinc.com.

Forward-Looking Information
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. In addition to such risk factors, statements provided as of the date hereof regarding expected performance and results are based on the assumption that we will be successful in obtaining the prompt return of our business-critical property from OADS. Catch the Wind disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither 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.