Catch the Wind announces fully marketed offering of common shares

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

MANASSAS, VA, Feb. 23 /CNW/ - Catch the Wind Ltd. (TSX-V:CTW.S) announced today that it has entered into an agreement with a syndicate of agents led by National Bank Financial Inc. and Dundee Securities Corporation and including Mackie Research Capital Corporation (the "Agents") to engage in a fully marketed offering (the "Offering") of common shares of the Company (the "Common Shares").

The pricing of the Offering and the amount to be raised will be determined by the Agents and Catch the Wind in the context of the market. The net proceeds of the Offering will be used for further development, production and sales of the Company's product lines, and for general corporate purposes.

The Agents will receive a commission of 6.0% of the gross proceeds raised in the Offering in cash.

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

The securities to be offered have not been registered under the United States Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities will be offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the Act and may not be resold in the United States or to U.S. persons unless registered under the Act or pursuant to an exemption from registration under the Act.

About Catch the Wind Ltd.

Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator(R) 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 www.catchthewindinc.com and follow us at www.twitter.com/Catchthewindinc

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. 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.

SOURCE BlueScout Technologies, Inc.

For further information: For further information: Catch the Wind Ltd., Claudia Jaques, Vice President and General Counsel, (703) 393-0754, cjaques@catchthewindinc.com; The Equicom Group, Joe Racanelli, Investor Relations, (416) 815-0700 ext. 243, jracanelli@equicomgroup.com

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BlueScout Technologies, Inc.

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