MITU Resources Inc. announced that the Company has entered into an Exclusive License and Distribution Agreement (“License Agreement”) with HeadWind Technologies Ltd. to acquire various rights related to “WindShark,” a novel self-starting vertical axis wind turbine.  Pursuant to the terms of the February 7, 2018, License Agreement, MTUU acquired the rights to further develop, commercialize, market and distribute certain proprietary inventions and know-how related to WindShark. The rights acquired give the company world-wide exclusivity (excluding Canada) to distribute the WindShark. In exchange for these rights, MTUU and HeadWind have agreed to a licensee fee of $400,000, paid to HeadWind in three tranches over 45 days from closing, and a continuing royalty equal to (3%) of gross sales.  Following the acquisition, the company anticipates filing a request with FINRA to facilitate a corporate name change to “WindShark Energy Inc.” to better reflect the new business of the company. WindShark is a proprietary vertical axis windmill with three curved helical blades that capture airflow from any wind direction.  The WindShark’s innovative design was inspired by sacred geometry and the operational dynamics of a shark’s gills which addresses several limiting factors related to wind turbines; namely that large wind turbines are costly and expensive to maintain; and that existing micro-scale wind turbine technologies don’t produce power at wind speeds below 7 mph, and don’t hit peak power until over 30 mph.  The high efficiency of the complex and scalable WindShark turbine blade shape achieves start up at wind speeds below 2 mph and reaches peak efficiencies between 6 to 10 mph.  The WindShark is also relatively quiet and spins at a slower rate which is safer for birds and bats. Due to its ability to harvest energy from lower speed winds, the wind tunnel tested WindShark can deploy economically as much as three times more than that of conventional small wind turbines.  In preparation for commercial launch, late-stage WindShark prototypes have been 3-D printed and rotomolded, with injection molding being considered for future large-scale production.