AAER Provides Update on Board of Directors Composition and Stock Option Issuance



    MONTREAL, June 27 /CNW/ - AAER Inc. (TSX-V: AAE), ("AAER" or the
"Company"), today announced that the seven candidates put forward in the
management proxy circular dated May 27, 2007 to serve on the Company's Board
of Directors, were elected at yesterday's annual shareholders' meeting. The
Board of Directors is now composed of Mr. Jacques Gauthier (Chairman),
Mr. Dave Gagnon, Mr. Bernard Bougie, Mr. Jonathan Dorval, Mr. Claude Fontaine,
Mr. Pierre Patry and Mr. Gérard Prévost.
    Subsequent to the annual shareholders' meeting, the Board elected members
to the following committees: Executive Committee (Jacques Gauthier and Pierre
Patry); Audit Committee (Bernard Bougie, Pierre Patry and Claude Fontaine);
Compensation, Nomination and Governance Committee (Jacques Gauthier, Claude
Fontaine and Jonathan Dorval); Risk Management Committee (Bernard Bougie,
Jonathan Dorval, Pierre Patry and Gérard Prévost).
    Furthermore, in accordance with the Administrators Compensation Plan
adopted in June 2007 and covering a three-year period, the Company issued a
total of 930,000 stock options to its administrators and CEO, as per its stock
option plan.
    For their participation as members of the Board of Directors, each
administrator will be issued a base 50,000 stock options each year, plus
20,000 options for their participation in other various committees to which
they have been elected. Mr. Gauthier, the Chairman of the Board, will receive
a base 100,000 options each year and 40,000 options for his participation on
the committees to which he was elected. Mr. Gagnon, AAER's President and Chief
Executive Officer, will be issued 300,000 stock options per year for his role
with the Company.
    All options issued mention above are exercisable at the price of $0.30
per share and expire June 26, 2013.

    About AAER Inc., (TSX-V: AAE)
    -----------------------------
    AAER is a wind turbine manufacturer located in Bromont, Quebec that
manufactures and maintains high capacity 1 Megawatt or more wind turbines
principally for the North American market. Its strategy is to progressively
build its product's components to provide a high level of reliability and a
competitive pricing to its customers. AAER uses proven European technologies
to ensure the performance of its turbines in various wind conditions and
terrains. Its stock is listed on the TSX Venture Exchange (AAE). Additional
information is available on the Company's Website at www.aaer.ca.

    Forward-Looking Statements
    --------------------------
    This news release contains certain forward-looking statements. These
statements relate to future events or AAER's future economic performance and
reflect the current assumptions and expectations of management. Certain
unknown factors may affect the events, economic performance and results of
operations described herein. AAER undertakes no obligation, and does not
intend to, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required under applicable law.

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

    %SEDAR: 00019641EF




For further information:

For further information: AAER Inc., Dave Gagnon, President, Telephone:
(450) 534-5155, www.aaer.ca; The Equicom Group Inc., Glen Williams, Telephone:
(416) 815-0700 x 272, gwilliams@equicomgroup.com

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AAER INC.

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