WaterFurnace Renewable Energy, Inc. Announces Regular Dividend & Fourth Quarter Webcast

    FORT WAYNE, IN, Jan. 20 /CNW/ - Tim Shields, Chairman of the Board,
announced that the board has approved the regular quarterly dividend of $0.18
U.S. per share. The dividend will be paid March 2, 2009 to shareholders of
record as of the end of trading on February 20, 2009.
    The press release covering fourth quarter and year end results will be
filed after the close of business on Wednesday, March 11, 2009. The annual
report to shareholders will be available at that time at www.waterfurnace.com
and on SEDAR at www.sedar.com. The Company will also hold a web cast at 4:30
PM Eastern Standard Time on Thursday, March 12, 2009. The web cast can be
heard live or can be accessed anytime in the following 90 days at
www.waterfurnace.com or www.newswire.ca.
    More Information: Additional information is available on the Company's
web site: www.waterfurnace.com. WaterFurnace Renewable Energy, Inc. is traded
in both Canadian dollars and U.S. dollars on the Toronto Stock Exchange under
the symbols WFI for Canadian dollars and WFI.U for US dollars.

For further information:

For further information: Bruce Ritchey, President and CEO, (260)

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WaterFurnace Renewable Energy, Inc.

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