TORONTO, ONTARIO -- (MARKET WIRE) -- 09/19/2006 -- Wellington Financial Fund III, a privately held specialty finance firm, today announced a $29 million debenture financing with Ventus Energy Inc. Current Ventus investors Good Energies Investment BV and VentureLink Group of Funds joined Wellington Financial on this round of financing.

Proceeds from this financing will be used to complete the construction of two wind farm projects based in Prince Edward Island, which are expected to initially produce approximately 30 megawatts of power. This would provide enough electricity to power almost half of the households in Kingston, Ontario, for example. Ventus has already secured all turbines, environmental permits and power purchase agreements required to proceed with power production once these projects are completed in the summer of 2007.

Ventus is a leading developer of Canadian wind farm projects, with rights to more than 17 million acres of land. It is currently in the process of planning and developing 25 sites in Ontario, Quebec, New Brunswick, Nova Scotia, P.E.I. and Newfoundland with the potential to generate more than 5,000 megawatts of power. These projects are in various stages of development, in proposed locations in Atlantic Canada, northern Quebec, central Ontario and northwestern Ontario.

Goodmans LLP and Cassels Brock & Blackwell acted as legal advisors for this transaction. Ventus has now raised over $65 million to date to fund the development of its projects.

Wellington Financial LP is currently managing a new $400 million investment program via Wellington Financial Fund III. Since inception, Wellington Financial LP has led or participated in more than $152 million in transactions, making it one of the most active funds of its kind in Canada.

About Wellington Financial LP

Wellington Financial LP is a privately held specialty finance firm providing operating lines of credit from $1 million to $5 million; term loans and amortizing loans from $2 million to $30 million; and venture debt loans from $2 million to $10 million. Wellington Financial LP manages Wellington Financial Fund II, an $83 million debt fund and Wellington Financial Fund III, a proposed $125 million debt fund. Wellington Financial clients vary in size and business model, but generally have current year revenue in excess of $5 million. Wellington Financial is managed by a partnership controlled by Fund management and Clairvest Group Inc. (CVG: TSX), who jointly have contributed a large financial stake in Fund II and Fund III. Limited partners include several Canadian institutional investors, such as pension funds, life insurance companies and money management firms. Please visit our website at www.wellingtonfund.com.