AAER Inc. completes $2,028,900 private placement



    /DISTRIBUTION OF THIS NEWS RELEASE IS RESTRICTED SOLELY TO CANADA. IT
    CANNOT BE DISTRIBUTED IN THE UNITED STATES THROUGH U.S.-BASED WIRE
    SERVICES./

    MONTREAL, Aug. 15 /CNW/ - AAER Inc. ("AAER") (TSX-V: AAE) is pleased to
confirm that the first tranche of its private placement announced in our press
release dated July 23, 2007 was completed today for an amount of
$2,028,899.95. The financing consisted of an issuance of 5,796,857 units (the
"Units") at a price of $0.35 per Unit. Each Unit consists of one AAER common
share and one common share purchase warrant. Each common share purchase
warrant is exercisable at any time before 5:00 pm (Montreal time) on August
14, 2012 at a price of $0.60 per share.
    AAER intends to use the proceeds of this first tranche of the offering
for general corporate purposes, acquisition of moveable assets and working
capital.
    Canaccord Capital Corporation has acted as agent for this offering and
has received, as compensation, a commission of $202,890 in cash, a total of
579,686 share purchase warrants that can be exercised to acquire common shares
during a 24-month period following the closing at a price of $0.35 per common
share, and financing fees payable through the issuance of 300,000 common
shares.
    Securities issued as part of this offering are subject to a four-month
hold period.

    About AAER Inc., (TSX-V: AAE)

    AAER is a wind turbine manufacturer, located in Bromont, Quebec, and
operating with a strategy of progressively building its product's components.
The Company's mission is to manufacture and maintain high-capacity wind
turbines of 1 MW and more in North America. AAER uses proven European
technologies to ensure high performance of its turbines in various wind
conditions and on complex terrain. 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
carry risks, uncertainties and other factors - both known and unknown - that
may appreciably affect the company's accomplishments, economic performance or
results when considered in light of the content or implications of statements
made by AAER. Actual events or results could be significantly different. AAER
undertakes no obligation, and does not intend, to update these forward-looking
statements.

    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., Eric Bouchard, Telephone:
(514) 844-7997, ebouchard@equicomgroup.com

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AAER INC.

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