ATLANTA – Navajo Wind Energy Corp., formerly Caliber Energy (Pink Sheets:CLBN) says it has secured a $2.5 million line of credit from private energy fund Xiyas Development Capital.

The company has already drawn $200,000 from the line of credit for acquisitions, development and operations.

Barry Doyle, CEO of Navajo, said the financing from XDCL will provide the Company with the necessary capital to expand and develop its wind energy projects in China during 2009.

China is one of the world’s largest and most attractive markets for renewable energy projects. Wind power generation has increased by more than 100 percent per year since 2005 in China, but it still relies heavily on coal which supplies 65 per cent of the country’s energy needs.

In 2006, the Chinese government announced a renewable energy initiative by setting a target of 10 percent by 2020. This initiative combined with the population-driven demand for energy will likely see China become the world’s largest consumer of wind-generated power.

With the key acquisition of wind farm and power trading company Guangzhou Jianianxiang Co. Ltd, Navajo will become one of only a few companies licensed to trade electrical power in and outside of China.

Online: www.navajowindenergy.com

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