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Atlantic Wind and Solar Corp
  2012 Year End Shareholder Update

"We would like to thank all of our valued shareholders for their support through 2012 and are pleased to provide a brief update re our original solar energy developments in Ontario... and perhaps most importantly, the degree of progress we have been quietly making abroad." - Chairman & CEO, Gilles A, Trahan

A Bird in the Hand: FIT 1.0 Solar Projects

As previously reported, Atlantic Wind & Solar's wholly owned Canadian subsidiary, Atlantic Solar Inc., received a total of twenty FIT 1.0 contract approvals from the Ontario Power Authority (OPA). The Company still awaits Notice to Proceed, (NTP) on these projects.

Shareholders may be pleased to know that the Company has entered into agreements to sell this initial 2.712 MW (AC) portfolio as a number of turn key operations upon completion of construction.

Development fees and revenues have commenced and have been recorded as the company's first significant revenues, which will be reported in the 2012 year end financial statements, to be filed in the 1st quarter of 2013.

The bulk of the revenues will be recorded in 2013 in conjunction with the construction time lines.

Construction financing has been arranged by the purchasing partners, in each case well known photovoltaic procurement and/or construction specialists.

The Window of Opportunity Re-Opens: FIT 2.0 Solar Projects

The OPA timestamps on Atlantic's original applications start in December 2010 and all fall inside of 2011 which potentially qualifies them for expedited approval as part of revised FIT 2.0 program.

The Company remains optimistic that these past efforts, plus future ones, will yield further rewards in the Ontario solar market.

Management had, however, begun to shift its primary focus farther south some time ago.

The Newly Emerged Atlantic: Markets Abroad

In past Press Releases the Company made multiple references to its plans to enter new emerging markets in an effort to expedite corporate growth while supplementing delayed progress in North America.

In late 2011, the Company quietly launched operations in South America. The new division has been focusing primarily on the development of large scale, green field, ground mount solar projects and has made exceptional progress since its inception.

In the photos below taken in February 2012, Atlantic's Director of Development, Ms. Venecia Gafter, meets with her team of engineers to review transmission grid connection for a 100 MW solar park. While in the late stages of its development life cycle, if approved, this project will be the largest solar energy power plant in all of South and Central America.

100 MW Site

This colossal project is just one of several ambitious, utility scale PV projects initiated by the team over the past year and a half , stretching across different countries and regions throughout South and Central America.

"Although stringent, the Power Purchase Agreement (PPA) process in parts of Latin America seems to be less encumbered by politics in comparison to parts of North America and is mainly supported by a need for affordable, sustainable energy, opposed to the desire to reduce harmful carbon emissions" stated Jorge Gafter, General Manager Atlantic Latin America,

Atlantic Chairman, Gilles A. Trahan adds "The dramatic decline in global, raw poly-silicon prices (the key ingredient in the manufacturing of photovoltaic cells) has expedited the emergence of new opportunities for Atlantic across Latin America - often placing the cost of solar energy below an area's grid parity thus increasing solar's viability as a competitive, alternative energy solution."

The Company looks forward to reporting progress on these and other initiated greenfield sites in the near future.

The Greenfield Development Process = Fields of Opportunity

Taken February 2012, thet photo belowdisplays Atlantic staff and engineers in the field in South America, reviewing capacity available transmission lines and anticipated grid connection points. The multiple 25MW projects being discussed in this photo are Atlantic's furthest advanced projects, one of which is expected to exit their PPA queue in the days or weeks ahead.

The Company looks forward to reporting progress on these and other initiated greenfield sites in the near future.

Connection Scouting

Entering Ecuador's National Assembly

While in the nations capital, Quito, Ecuador, Atlantic Chairman and CEO Gilles A. Trahan met with several key officials in the National Assembly while discussing the advancement of several Power Purchase Agreements (PPA) and ways to contribute to helping the Country achieve further energy sustainability and independence.

Mr. Trahan comments "We believe that South American countries such as Ecuador are some of the best positioned markets in the world to leverage the benefits of large scale photovoltaic solar farms".. adding further "This positioning is not only based on geography, being so close to the equator while offering some of the highest solar irradiance levels in the world, but also due to the region's increased economic status' and rapidly evolving energy demands."

The Company believes this strategic positioning may demonstrate great results for Atlantic's operations and its stakeholders, potentially right through to the next decade.

No News is Good News: Strategies, Goals & Resolutions

In the past the Company had released timely press releases via Newswire, the results of which in part had been delayed due to bureaucracies within the PPA process and other situational contingencies.

Since the change of Management in early 2011, Chairman and CEO Gilles A. Trahan has scaled back Company expenses and focus on the Ontario solar market starting with the reduction of office space and staff.

Breaking from prior policy Trahan has opted to not announce forward looking news and has elected to remain quiet before reporting certain strategies and milestones, believing this new approach will reduce expectations regarding elements outside the company's control, such as timing.

The Company intends to continue this strategy of not reporting news until major milestones have been completed.

This policy extends to the release of the Company's updated S-1 public offering, and still targeted up listing, expected to be filed once some of the achievements within this update, combined with outstanding receivables, are confirmed.

In 2013 the Company will formally announce a number of expected successes via press release reflecting North, South, and Central America while continuing to persevere through new pioneering processes and uncharted territories.

It is the Company's intention to attract a new breed of partners and investors through continued corporate growth, a strong increase in revenues and awareness, thorough reporting and a targeted prestigious up listing - potentially resulting in the significant increase of shareholder value while enhancing the Company's overall corporate image.

Management looks forward to 2013 with much excitement.

Again, we thank all of our valued shareholders and wish you all a Happy and Prosperous New Year !!!

SOURCE Atlantic Wind & Solar Inc.

Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.

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