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8-K - CURRENT REPORT DATED 5-29-12 - Sky Harvest Energy Corp.g6023.txt
EX-10.1 - FORM OF PRIVATE PLACEMENT SUBSCRIPTION AGR - Sky Harvest Energy Corp.ex10-1.txt

                                                                    Exhibit 99.1

                       [SKY HARVEST WINDPOWER CORP. LOGO]

                             SKY HARVEST TO DEVELOP
                          GAS STORAGE PROJECT IN TURKEY

May 29, 2012                                            Symbol: SKYH:OTC Markets

VANCOUVER,  BRITISH COLUMBIA - Sky Harvest Windpower Corp. ("Sky Harvest" or the
"Company")  is pleased to announce  that it has  completed  a private  placement
financing  consisting  of the sale of 818,000  shares of its  common  stock at a
price of $0.25 each for aggregate  proceeds of $204,500.  The Company intends to
use the proceeds from the private  placement for the development of its proposed
natural  gas storage  joint  venture in Turkey,  as well as for general  working
capital.

Sky Harvest invites  shareholders and other interested  parties to visit its new
website located at www.skyharvestwind.com or contact Sky Harvest at 604-267-3041
locally or toll-free 1.877.700.7021

SKY HARVEST WINDPOWER CORP.

William Iny, President

Sky Harvest  Windpower Corp. is a United States and British  Columbia  reporting
issuer  involved in development  stage wind power projects  located in southwest
Saskatchewan,  Canada.  Wind  speed  and  environmental  data  relating  to  the
Company's  leased  properties  indicates that the  properties  host a strong and
consistent  wind resource  that  warrants the erection of wind power  generation
facilities with the potential to generate up to 350 MW of electricity.

Safe harbor for Forward-Looking Statements:  Except for statements of historical
fact, the information presented herein constitutes  forward-looking  statements.
Forward-looking statements may include financial and other projections,  as well
as  statements  regarding the  Company's  future  plans,  objectives or economic
performance,  or the  assumptions  underlying any of the foregoing.  The Company
uses  words  such  as  "may",  "would",  "could",  "will",  "likely",  "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and
similar   expressions   to  identify   forward-looking   statements.   Any  such
forward-looking  statements  are based on  assumptions  and analyses made by the
Company in light of its  experience  and its  perception of  historical  trends,
current conditions and expected future developments, as well as other factors we
believe are appropriate in the  circumstances.  However,  whether actual results
and developments  will conform to the Company's  expectations and predictions is
subject   to  a  number   of  risks,   assumptions   and   uncertainties.   Such

forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those indicated. Forward looking statements in this press release include the following: that the Company will use its private placement proceeds for the development of its proposed natural gas storage joint venture in Turkey and for general working capital and that our properties host a strong and consistent wind resource that warrants the erection of wind power generation facilities with the potential to generate up to 350 MW of electricity; and that the Company will form a joint venture to develop natural gas storage facilities in Turkey. Factors which may delay or prevent these forward looking statements from being realized include that we may not be able to raise sufficient funds to expand our operations and complete the proposed joint venture, management may choose to change the use of proceeds from the private placement, that we may not succeed in developing natural gas storage facilities in Turkey, and that actual data may prove different from our current projected data. Readers should refer to the risk disclosures outlined in the Company's periodic reports filed from time to time with the United States Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission at www.sedar.com. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act of 1933 and any other applicable securities laws. This news release does not constitute an offer to sell, or the solicitation of an offer to buy, the securities, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. For further information: Sky Harvest at 604-267-3041 locally or toll-free 1.877.700.702