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8-K - CURRENT REPORT DATED 3-10-11 - Sky Harvest Energy Corp.g4908.txt
EX-10.1 - 2011 STOCK OPTION PLAN - Sky Harvest Energy Corp.ex10-1.txt

                                                                    Exhibit 99.1

                          [SKY HARVEST WINDPOWER LOGO]



          SKY HARVEST ADOPTS 2011 STOCK OPTION PLAN AND INITIAL GRANTS

March 10, 2011                                                Symbol: SKYH:OTCBB

VANCOUVER,    BRITISH   COLUMBIA--Sky   Harvest   Windpower   Corp.   OTCBB:SKYH
(the"Company")  announces that effective  March 10, 2011, the Company's board of
directors  adopted  the 2011 Stock  Option  Plan.  The purpose of the 2011 Stock
Option  Plan is to enhance  the  long-term  stockholder  value of the company by
offering opportunities to current and prospective directors, officers, employees
and eligible  consultants of the Company to acquire and maintain stock ownership
in the Company in order to give these persons the  opportunity to participate in
the Company's growth and success, and to encourage them to remain in the service
of the Company.  A total of 5,000,000  shares of common stock are  available for
issuance under the 2011 Stock Option Plan.

The 2011 Stock Option Plan provides for the grant of incentive stock options and
non-qualified  stock  options.  Incentive  stock options  granted under the 2011
Stock Option Plan are those intended to qualify as "incentive  stock options" as
defined under Section 422 of the Internal  Revenue  Code.  However,  in order to
qualify as "incentive  stock options" under Section 422 of the Internal  Revenue
Code,  the 2011 Stock  Option Plan must be approved by the  stockholders  of our
company  within 12 months of its  adoption.  The 2011 Stock  Option Plan has not
been approved by our stockholders. Non-qualified stock options granted under the
2011 Stock Option Plan are option grants that do not qualify as incentive  stock
options under Section 422 of the Internal Revenue Code.

Concurrent  with the adoption of the 2011 Stock Option Plan, the Company granted
incentive stock options on an aggregate of 1,525,000  shares of its common stock
to its current  director and  officer,  as well as eligible  consultants.  These
stock options are exercisable at a price of $0.10 per share for a period of five
years.

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.  For more
information, please contact Sky Harvest at 604-267-3041