Creststreet Kettles Hill Windpower LP Appoints Advisor to the Independent Committee of the Partnership for its Mandate to Provide Liquidity to Unitholders



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

    CALGARY, March 5 /CNW/ - The independent directors (the "Independent
Committee") of the General Partner of Creststreet Kettles Hill Windpower LP
("Kettles Hill", the "Partnership") today announced that they have appointed
an independent advisor to assist the Independent Committee on its mandate to
provide liquidity to the Unitholders of the Partnership within six months of
the completion of the windpower facility, as outlined in the Partnership's
initial public offering prospectus. Blair Franklin Capital Partners Inc. will
serve as the independent advisor. Completion of the windpower facility is
scheduled for the end of April 2007, at which time it is expected that the
process to provide liquidity would commence.
    Construction of the 63-megawatt ("MW") wind energy project composed of 35
interconnected Vestas V80 1.8 MW turbines at the Kettles Hill site is
progressing as outlined in the Partnership's third quarter report. The
Partnership expects that the Infill Phase will be completed in April 2007. The
table below highlights the status of all 35 turbines.

    
    -------------------------------------------------------------------------
    Status                                                            Number
    ------                                                            ------
    Turbines completed, operating and producing power (1)                  9
    Turbines erected and awaiting commissioning                           10
    Foundations complete with towers and turbines under installation       6
    Foundations complete and awaiting installation of towers
     and turbines                                                          4
    Undergoing or awaiting foundation construction                         6
                                                                      -------
    Total:                                                                35
    -------------------------------------------------------------------------
    (1) Includes five turbines completed in first quarter, 2006.
    

    Complete third quarter results can be found at www.sedar.com. Fourth
quarter financial results are scheduled to be released by the end of March,
2007.

    About Blair Franklin
    Blair Franklin Capital Partners Inc. is a Toronto-based independent
financial advisory firm specializing in mergers, acquisitions and
divestitures, related party transactions, financings, restructurings, risk
management and governance issues, and undertakes valuations and fairness
opinions on behalf of corporate, private, institutional and public sector
clients. Interested, qualified parties may contact David Pyper, Partner, Blair
Franklin Capital Partners Inc. at (416) 368-1211 or by e-mail at
dpyper@blairfranklin.com.

    About Creststreet
    Creststreet Capital Corporation is an investment management firm
specializing in structuring and managing high quality windpower assets and
flow-through investment products for Canadian investors. Since its inception
in 2000, Creststreet has raised over $750 million for investment in
flow-through shares of Canadian resource and renewable energy companies.

    CERTAIN STATEMENTS CONTAINED IN THIS DOCUMENT CONSTITUTE "FORWARD-LOOKING
STATEMENTS" WITHIN THE MEANING OF THE SECURITIES ACT (ONTARIO). THESE
STATEMENTS, BY THEIR NATURE, ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND
INVOLVE RISKS AND UNCERTAINTIES, WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE ANTICIPATED. WE CONSIDER THE ASSUMPTIONS ON WHICH THESE
FORWARD-LOOKING STATEMENTS ARE BASED TO BE REASONABLE, BUT CAUTION THE READER
THAT THESE ASSUMPTIONS REGARDING FUTURE EVENTS, MANY OF WHICH ARE BEYOND OUR
CONTROL, MAY ULTIMATELY PROVE TO BE INCORRECT.




For further information:

For further information: Derren Newell, VP, Finance and Chief Financial
Officer, Creststreet Kettles Hill General Partner Limited, Creststreet Kettles
Hill General Partner Limited, 444 - 5th Avenue S.W., Suite 1040, Calgary,
Alberta, T2P 2T8, Phone: (403) 215-2267, Fax: (403) 265-4438,
dnewell@creststreet.com, www.creststreet.com; Eric McFadden, President and
Chief Executive Officer, Creststreet Kettles Hill General Partner Limited, 444
- 5th Avenue S.W., Suite 1040, Calgary, Alberta, T2P 2T8, Phone: (403)
215-2265, Fax: (403) 265-4438, emcfadden@creststreet.com

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CRESTSTREET KETTLES HILL WINDPOWER LP

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