HELIX WIND ANNOUNCES SHARE LOCK-UP AGREEMENTS WITH KEY SHAREHOLDERS

San Diego, CA – Dec. 14, 2009 – Helix Wind Corp.(OTCBB – HLXW), a global renewable energy company, today announced share lock-up agreements with three of its largest shareholders, including the company’s CEO, totaling 19,651,920 shares. Absent such lock-up agreements, this restricted stock would be tradeable under Rule 144 (subject to volume limitations) on February 11, 2010, except for 7,820,662 shares, which are subject to a separate management lock-up expiring in August 2010.

The lock-up agreements generally prohibit shareholders from directly or indirectly offering to sell, granting an option for the purchase or sale of, or otherwise disposing of the common shares of Helix Wind stock they control. However, provisions in two of the three share lock-up agreements allow for the sale of an aggregate 105,000 shares for each 90-day period starting February 11, 2010, and ending February 10, 2011, and 120,000 shares for each 90-day period starting February 11, 2011, and ending February 10, 2012. These lock-up agreements are subject to several conditions in order for them to become effective, including the successful completion of Helix’s previously announced $5 million capital raise on or before February 10, 2010. Additional details regarding the terms of the lock up agreements and conditions for their effectiveness are available in a Form 8-K filed by the company with the U.S. Securities and Exchange Commission.

In addition, the agreement with Helix’s CEO is subject to a prior management lockup agreement that prevents the sale of any shares until August 10, 2010. Accordingly, an aggregate of 105,000 shares can be sold per each 90-day period during the period commencing August 11, 2010 and ending February 10, 2011 and 120,000 shares per each 90-day period commencing February 11, 2011 and ending February 10, 2012.

Scott Weinbrandt, Helix Wind’s chairman and president, said, “The Board believes the agreements are a testament to the faith these major shareholders have in Helix Wind. By agreeing to lockup the vast majority of their stock, we believe they have underscored their commitment to the company’s long term focus and strategy.”

About Helix:

Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at www.helixwind.com