AAER announces private placement

    MONTREAL, March 2 /CNW Telbec/ - AAER Inc. ("AAER"). (TSX-V: AAE) wishes
to clarify its previous press release issued on February 19, 2007 in
connection with the closing of a private placement of 3,284,856 units at
$0.35 per unit, resulting in gross proceeds of approximately $1,150,000 being
received by AAER, and more particularly with respect to the finder's fee
payable to the registered dealers who assisted in the private placement. Such
registered dealers received an aggregate cash commission of $109,970,
representing 10% of the gross proceeds of the private placement with respect
to 3,142,000 units. In addition, 314,200 common share purchase warrants were
issued to such registered dealers, each such warrant entitles the holder
thereof to acquire one common share at a price of $0.60 for a period of two
years following the issuance of the common share purchase warrant. The common
share purchase warrants issued are subject to a four month hold period
following the issuance thereof during which no transactions are permitted.

    About AAER Inc. (TSX-V: AAE)

    AAER is a wind turbine manufacturer, located in Bromont (QC), built on a
progressive vertical integration strategy. Its mission is to integrate,
manufacture, distribute and maintain high-capacity wind turbines from 1 to 1.5
 MW in North America. AAER uses proven European technologies to ensure high
performance of its wind turbines in various wind conditions and complex
terrain. Its stock is listed on the TSX Venture Exchange (AAE). Further
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, (450)
534-5155, www.aaer.ca

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