Solar Wind Energy Tower

Provides Update on San Luis, Arizona Project

ANNAPOLIS, MD - (March 8th, 2017) - Solar Wind Energy Tower, Inc. (USOTC:SWET) (the
"Company"), the innovator and creator behind the Solar Wind Downdraft Tower structures capable of
producing abundant, inexpensive electricity to meet the world's increasing demand, announced today
that it has negotiated and executed a fifth amendment to the original contract to purchase 640 acres of
land in San Luis, AZ.
The agreement was executed between the four owners of the property and both Solar Wind Energy
Tower, Inc. and Arizona Green Power LLC, established by the Company to develop the downdraft
energy tower in San Luis, AZ.

The Purchase amendment follows a recent announcement that Arizona Green Power LLC had executed
a Five Year Development and Development Rights Agreement with the City of San Luis, AZ to support
the permitting and development of the downdraft energy tower on the site. The agreement with the City
of San Luis also provides for a 50 year water supply agreement to support the water needs of the project.

Ron Pickett, CEO of Solar Wind Energy Tower, Inc. and Managing Member of Arizona Green Power
LLC commented: The signing of these agreements resolves a development issue that was potentially
impacting the project. Both agreements were originally set to expire in 2017. The purchase amendment
extended the outside closing date until December, 2018 and the agreement with the City will support a
closing by December 2018 and up to three additional years of coverage during construction.

The following is a status update for the San Luis project:

No additional deposits required to purchase 640 acre project site until closing.
Closing can be extended until 2018
Zoning approved
Property ingress and egress in place.
50 year municipal water supply municipal agreement in place.
Renewable Energy Portfolio Standard (REPS) pre-certification eligibility status received from
California Energy Commission.
Defined pathway for grid access.
IT and proprietary software protection
IMPLAN Study by independent consultant projects $2.8 billion economic impact for the region
and the generation of 19,000 indirect jobs.
Estimated up to 2,000 construction jobs and hundreds of skilled permanent jobs.

Estimates for the output of electricity at this site are 3.7 million megawatt hours/year.
That same amount of electricity generated from fossil fuel based plants could consume 6.8 million
barrels of oil, 29 billion cubic feet of natural gas, or 2 million tons of coal annually. The Solar Wind
Tower can eliminate up to 3 million metric tons of CO2 discharge annually when compared to a fossil
fuel fired facility.

The Company expresses its gratitude to both the City of San Luis, Arizona and the owners of the site for
their confidence and continued support for this project.

About Solar Wind Energy Tower, Inc.

Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary,
Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state
of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a
day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable
energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while
continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.

For more information, please visit:

http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and
https://twitter.com/SWETower and https://www.arizonagreenpower.com

Cautionary Note Regarding Forward-Looking Statements

Statements included in this release may constitute "forward-looking statements". Actual results may
differ materially from those projected in forward-looking statements. Such statements involve a number
of risks and uncertainties such as competitive factors, technological development, market demand and
the Company's ability to obtain new contracts and accurately estimate revenues, if any, due to
variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further
information on potential factors that could affect the Company's financial results, can be found in the
Company's various filings with the Securities and Exchange Commission (SEC).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com