Toronto and Mississauga, Ontario – August 3, 2010 – Oneworld Energy Inc., an emerging corporation in the design, development, construction and operation of solar and wind power installations, announced that its subsidiary, Composotech Structures Inc. (“Composotech”), has delivered the first two of three simulators to Toronto Rehabilitation Institute (“TRI”), a Toronto, Ontario-based institute specializing in adult rehabilitation, complex continuing care and long-term care.

After several years of planning, development and design, the simulator project at TRI is in the final stages of becoming a reality.  With IDT of the Netherlands providing the conceptual design, Composotech Structures was selected to design and supply three unique, motion-based environments for the project.  Most people are familiar with flight simulators used to train pilots without actually incurring the costs of flying.  Use of simulators has increased in other areas of training and research as well.  TRI envisioned an innovative scheme using Composotech-supplied environments to study, develop and test multitudes of conditions and life-improving solutions for people with disabilities.  Despite numerous challenges associated with the simulators’ weight, size and functionality, Composotech produced an Ice Chamber complete with an ice floor and a second simulator for general purpose use.  A third simulator, currently being constructed, will become TRI’s “virtual reality” dome.  Over the last several months, there were numerous design iterations necessary in order to ensure the concepts became reality.  Composotech delivered the first two systems to site last week, and the third simulator, a virtual reality dome, is scheduled to ship in September.  Composotech will dispatch a crew of composite technicians on-site for the finishing touches.

Dr. Geoff Fernie, Vice President, Research, at TRI commented: “Composotech has been a terrific partner.  Their team has worked closely with TRI for the last four years to develop an advanced system that is unique in the world and meets many demanding specifications. Composotech’s competence and attitude makes them a delight to have as a partner.”

“The work that TRI is doing to make people’s lives better is compelling and inspiring.  Composotech is very happy to help TRI fulfill their mission, and we look forward to a longstanding partnership” stated Mr. Peter Dawes, President of Composotech.

About Oneworld Energy Inc.:

Oneworld is a diversified international renewable clean energy company that commenced operations in 2003. The company is focused on developing, owning and servicing renewable energy assets in diversified geographic markets.  The company is headquartered in Mississauga, Ontario and has 120 employees located in 10 offices in Europe, North America and Asia. Oneworld provides services to third parties in a broad range of the value chain in the wind and solar sectors – design and development, construction, and operation and maintenance through its various operating units and is aggressively sourcing wind and solar projects that it can develop, own and operate. Oneworld and its team members have designed, planned and constructed over 50 MW of wind energy farms and over 35 MW of solar energy parks for clients in Canada, Europe and the United States.

About Composotech Structures Inc.:
The Composotech Group is headquartered in Denver, Colorado with its Canadian office located in Goderich, Ontario.  Composotech provides a full range of preventive maintenance and repair services for wind turbine blades.  In addition, Composotech provides quality inspection, consulting, training and manufacturing oversight for owners of wind turbines, and simulator environments for industrial training and research. Composotech’s website is www.composotech.com .

About Toronto Rehabilitation Institute:

Toronto Rehabilitation Institute is one of Canada’s largest academic health sciences centres dedicated to adult rehabilitation, complex continuing care and long-term care. Created just over 10 years ago, Toronto Rehab has already established itself as a leader in rehabilitation—addressing the needs of people who experience the disabling effects of injury, illness and aging.

Toronto Rehab’s new strategic plan defines rehabilitation more broadly and is based on a bold vision to revolutionize rehabilitation through the advancement of rehabilitation and the enhancement of quality of life. More information can be found at www.torontorehab.com .

Neither the TSX Venture Exchange, Inc. nor the Regulation Services Provider (as that term is defined in the polices of the TSX Venture Exchange) has, in any way, passed upon the merits of transaction which is the subject of this press release and none of the foregoing entities has in any way approved or disapproved of the contents of this press release.

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to Oneworld, including information regarding the business of Oneworld. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this forward-looking information depending on, among other things, the risk that Oneworld does not realize the anticipated benefits of the transaction. Unless otherwise specified, the statements in this press release are made as of the date of this release. Oneworld, undertakes no obligation to update forward looking information, other than as required by law, or comment on analyses, expectations or statements made by third-parties in respect of Oneworld, or its respective financial or operating results or (as applicable), its securities.

Contacts:

Chuck Allen, President and CEO, Oneworld                       
Email: callen@oneworldenergy.com
Tel: 416.622.7007

Peter Kampian, CFO and EVP, Oneworld
Email: pkampian@oneworldenergy.com
Tel: 416.622.7007

Peter Dawes, President, Composotech 
Email: pdawes@composotech.com
Tel: 303.357.4699

Dr. Geoff Fernie, VP, Research, TRI
Email: Fernie.Geoff@TorontoRehab.on.ca
Tel: 416.597.3422 x7600

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