EarthFirst Announces Acquisition of Nuttby Mountain Project in Nova Scotia


    TORONTO, March 18 /CNW/ - EarthFirst Canada Inc. ("EarthFirst") (TSX: EF,
EF.WT) is pleased to announce that it has acquired the 45 MW Nuttby Mountain
wind energy project ("Nuttby" or the "Project") in Nova Scotia from Atlantic
Wind Power Corporation (2005) Ltd. ("AWPC"). This new acquisition, furthers
EarthFirst in achieving its goal of having 600 MW of installed windpower
generating capacity in operation by the end of 2012.
    The Nuttby Mountain project is located in the central mountain region of
Nova Scotia. The Project has a signed Power Purchase Agreement and a completed
interconnection feasibility study from Nova Scotia Power Inc. The processes
for obtaining an Environmental Assessment and other municipal and provincial
permits are under way. Negotiations for a turbine sale and warranty and
service agreements with well known global wind turbine manufacturers for
2009 delivery have commenced.
    "Nuttby is a good example of EarthFirst's expertise in acquiring advanced
stage wind projects that can be moved forward into construction and operation
quickly", said Robert Toole, Chief Executive Officer of EarthFirst. "Our goal
is to have the project completed and in service by the end of 2009".
    "This renewable wind generation is part of our cleaner, greener
strategy," said Ralph Tedesco, President and Chief Executive Officer of Nova
Scotia Power. "The long term contract for this sustainable electric power will
also help stabilize electric prices by reducing dependence on fossil fuels. By
2010, the Nova Scotia Power system will be using five times the wind energy we
have today."
    EarthFirst is purchasing 100 per cent of the project from Atlantic Wind
Power Corporation (2005) Ltd. (AWPC) in exchange for $75,000, a certain number
of common shares of EarthFirst and a small share of gross revenue generated
from the project over the life of the Power Purchase Agreement with Nova
Scotia Power Inc.. In addition, AWPC will enter into a Service Agreement with
EarthFirst to provide services through to completion of construction in
exchange for a monthly fee and a contingent project completion fee.

    EarthFirst is a leading Canadian developer of wind energy projects with a
portfolio of over 2,500 MW of potential renewable generating capacity. This
includes the Company's 144 MW Dokie I project in British Columbia which is
expected to commence construction in 2008 and an additional 226 MW which are
fully permitted and expected to be tendered into the BC Clean Power call this
year. Common Shares and Warrants of EarthFirst Canada Inc. are listed on the
TSX under the symbol EF and EF.WT, respectively.

    Certain statements included in this news release constitute
"forward-looking information" within the meaning of applicable securities
legislation including the timing of the construction of the Nuttby Mountain
Project, anticipated completion of the turbine supply agreement, the financing
of this project and EarthFirst's expected installed windpower capacity by the
end of 2009. Such forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of EarthFirst to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking information.
    Specifically, some of the material risks include not being able to
acquire turbines and or required permits, delays in construction timing or
turbine delivery and not being able to obtain financing for the Nuttby
Mountain Project. In providing such forward-looking information we have made
various assumptions regarding, among other things, turbine availability,
timing of the receipt of permits, interest rates, foreign currency exchange,
projected construction costs, timeframes and the costs of and availability of
skilled labour.
    The forward-looking information contained in this news release represents
the expectations of EarthFirst as at March 18, 2008, and, accordingly, is
subject to change after such date. However, EarthFirst expressly disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, except as
required by applicable law.

    (xx)  There will be a photograph available on the picture wire of The
    Canadian Press.

For further information:

For further information: Grant Bunker, Director, Investor Relations of
EarthFirst Canada Inc., Tel: (416) 628-2164, Toll Free: 1-866-622-4715,
E-mail:; Derren Newell, VP, Finance and Chief
Financial Officer, EarthFirst Canada Inc., Tel: (403) 513-0766, Toll Free:
1-877-513-0777, E-Mail:

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