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

FORT WAYNE, IN, Jan. 26 /CNW/ - WaterFurnace Renewable Energy, Inc. (WFI:TSX) Timothy E. Shields, Chairman of the Board, announced that the board has approved the regular quarterly dividend of $0.19 U.S. per share. The dividend will be paid March 1, 2010 to shareholders of record as of the end of trading on February 17, 2010.

The press release covering fourth quarter and year end results will be filed after the close of business on Wednesday, March 10, 2010. 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 4:00 PM Eastern Standard Time on Thursday, March 11, 2010. The webcast can be heard live or can be accessed anytime in the following 90 days at www.waterfurnace.com or www.newswire.ca.

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 U.S. dollars.

SOURCE WaterFurnace Renewable Energy, Inc.

For further information: For further information: Additional information is available on the Company's web site: www.waterfurnace.com

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