EarthFirst Canada Inc. - Completion of sale of Grand Valley Wind Farms Inc.



    
    /NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES WIRE
    SERVICES/
    

    CALGARY, June 3 /CNW/ - EarthFirst Canada Inc. ("EarthFirst" or the
"Company") (TSX: EF, EF.WT) announced that it has closed on the sale of all of
the shares of its wholly owned-subsidiary, Grand Valley Wind Farms Inc. to
2204926 Ontario Limited, a joint venture of Schneider Power Inc. and Land's
End Corporation, which was previously announced on May 11, 2009 and approved
by the Court of Queen's bench of Alberta on May 22, 2009. As a result of this
transaction EarthFirst has received net proceeds of approximately $681,000,
which represents gross proceeds of $800,000, less working capital and other
adjustments.





For further information:

For further information: Brian Trypka, Chief Restructuring Officer,
EarthFirst Canada Inc., Tel: (403) 513-0780, Toll Free: (877) 513-0777,
E-mail: btrypka@earthfirstcanada.com; Derren Newell, VP, Finance and Chief
Financial Officer, EarthFirst Canada Inc., Tel: (403) 513-0766, Toll Free:
(877) 513-0777, E-mail: dnewell@earthfirstcanada.com

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EARTHFIRST CANADA INC.

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