Solar Wind Energy Tower Files 10-K

Regains Momentum on Solar Wind Energy Downdraft Tower Project in San Luis, Arizona

ANNAPOLIS, MD - (March 3, 2017) - Solar Wind Energy Tower, Inc. (OTC: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 filed its overdue 10-K for 2015 and is working to complete the three 10-Qs for 2016 which
are currently in arrears. The 10-K contains more current financial information and a number of
Subsequent Events through February 2017. The Company is filing this release in addition to the SEC
filing and encourages its shareholders and any potential interested parties to review the 10-K filing.

Additionally, the Company announced that its majority owned single purpose project development
company, Arizona Green Power LLC (AGP) had executed a new five year Development and
Development Rights Agreement with the City of San Luis, Arizona. The Agreement provides for the
necessary permits and rights of way needed to complete the development of a Solar Wind Energy
downdraft tower project in San Luis, Arizona. The Agreement also guarantees the project a 50 year
water supply agreement by the City. The Agreement replaces a similar shorter term agreement between
the Company and the City that was set to expire in June 2017.

Ron Pickett, CEO of SWET and Managing Member of AGP commented: This new Agreement
supports a time frame necessary to complete construction of the San Luis tower project. The Company
and AGP salute the Mayor, City Council and staff of San Luis for their understanding and unanimous
support for this project and we reassured San Luis of our absolute commitment to make this project a
reality.

The Company and AGP are continuing to work with their expert consultants to advance the engineering
and update the cost estimates for the project which are needed to support the pursuit and the timing for
potential power purchase agreements. It is noteworthy that some of our consultants have donated their
services in 2016, others have deferred some payments for their services and all have continued to
enthusiastically support our efforts to bring this potentially global changing solution to the market.

The Company had very limited capital available for 2016 operations. Moving forward required the
much needed assistance and cooperation from our consultants, deferred payroll by all employees, the
necessary minimum operating capitol supplied from the personal funds of the CEO, the conversion of
much debt into equity, and the outright forgiveness of debt by others.

Management looks forward to the opportunity it faces in 2017 and thanks all of those who have believed
in the Company for their support!

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