Dear Shareholder of Oneworld Energy Inc.,

I am writing this letter to give you an update on the status of the Company since our last communication on October 22, 2010, and to share with you our vision for the future.

As you read in our recent press release, Oneworld has postponed the process of listing its shares on the TSX Venture Exchange. While our presentations were well received by many investors in both Europe and across Canada, the funding available to us at the time was below the threshold required to become a listed company. Our situation is not unique, as capital market conditions of recent years have served as a barrier for many companies in their efforts to go public. One key takeaway for us has been that Oneworld would be more attractive to potential investors if we were able to clearly demonstrate that our Company is capable of generating positive returns. This will be our primary goal in the coming year.

We understand and share the desire of our shareholders for liquidity and management intends to make this a priority of Oneworld, even as we strive to build a company that all of us can be proud to invest in for years to come.

Over the last two years, Oneworld has grown both organically and by acquisition and increased revenue significantly. Management is now directing its efforts towards streamlining operations, improving profitability and cash flow and fully integrating the acquired businesses. We are undergoing a restructuring process so that we are better positioned to achieve these goals. Our plans include the sale of certain non-core operating assets which are no longer a fit with our growth and profitability objectives. This process will require us to make a number of changes to the Company in the coming months, and I believe we will emerge as a stronger, more focused entity. Our intention is to concentrate primarily on our core operations – namely wind and solar development & maintenance – with a view to establishing a consistent, growing revenue stream that generates sustainable profitability.

I joined the Oneworld family earlier this year when I sold my business to Oneworld to become a significant shareholder. I am excited to be leading this team, and confident that we will execute on the restructuring of Oneworld and then continue to build and grow a solid renewable energy company.  Although the work ahead of us will be difficult, the Management Team of Oneworld remains committed to growing this Company and creating shareholder value for all.

On behalf of everyone at Oneworld, we thank you, our loyal shareholders, for your continued support of Oneworld and its endeavors. Should you have any questions, please do not hesitate to contact me or Ms. Roxie Baryole (416.622.7007 ext. 223 or rbaryole@oneworldenergy.com).

We would like to wish you and your family a wonderful holiday season and will continue to keep you informed on the progress of Oneworld’s operations.

Sincerely,

Barry O’Neill

CEO

Telephone: 416.622.7007

Email:  info@oneworldenergy.com

Our Business is Energy.  Naturally!

This Letter to Shareholders includes certain “forward looking statements”. Without limitation, statements regarding potential renewable energy projects, division results, and future plans and objectives of the Company are forward-looking statements that involve various risks. Actual results could differ materially from those projected as a result of the following factors, among others: risks inherent in developing and constructing renewable projects; risks associated with renewable operations in various geographical locations including governmental policies regarding renewable projects and feed-in tariffs associated with those projects; risks associated with anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts, the uncertainty of future profitability, access to the public markets and uncertainty of access to additional capital.  This Letter to Shareholders does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of these securities in any state or other jurisdiction in which offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction, nor does this Letter to Shareholders constitute an offering document or prospectus.