Dear Investor,
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April 9, 2009
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Nevada Geothermal Power Inc.
Acquires Blue
Mountain Mineral Rights
VANCOUVER, B.C. (April 9, 2009) - Nevada
Geothermal Power Inc. (NGP) (TSX-V: NGP, OTC-BB: NGLPF) today announced that Desert Valley Gold Co., a
wholly owned NGP subsidiary, has acquired the mineral rights to Blue
Mountain from Gryphon Gold Corp.'s wholly owned subsidiary, Nevada Eagle
Resources (NER). In order to protect access to the geothermal resource
it was necessary for NGP to acquire these mineral rights.
On April 1, 2009, NGP paid NER US$50,000 for 31 claims subject to future
production royalties. NGP is required to pay a 2-per-cent net smelter
return royalty (NSR) from the core claims and a 0.5-per-cent NSR on any
future precious metal production that is derived from mineral rights
located within the area of interest. The area of interest consists of 17
square miles.
"NGP remains focused on developing the geothermal potential at Blue
Mountain. We are pleased to have secured the mineral claims in order to
secure access to the geothermal resource," stated Brian Fairbank, CEO
& President.
About Nevada
Geothermal Power Inc.:
Nevada Geothermal Power Inc. is an emerging renewable energy developer
focused on producing clean, efficient and sustainable geothermal electric
power from high temperature geothermal resources in the United
States. NGP currently owns a 100% leasehold interest in four
properties: Blue Mountain, Pumpernickel, and Black Warrior (all of which
are ideally situated in Nevada), and Crump Geyser in Oregon. These
properties, which are at different levels of exploration and development,
are estimated to have the potential for the generation of over 200 MW.
NGP's phase 1 development at Blue Mountain,
'Faulkner 1' 49.5 MW gross power project is On the Road to Revenue and is
expected to be Turning on the Power during the fourth quarter of 2009.
Nevada Geothermal Power Inc.
Brian D. Fairbank, P. Eng.
President & CEO
http://www.nevadageothermal.com/
Investor Inquiries:
Shelley Kirk
Nevada Geothermal Power Inc.
Telephone: 604-638-8784
Toll Free: 866-688-0808 X118
Email: sfkirk@nevadageothermal.com
Follow NGP on : http://twitter.com/NGPGeothermal
This Press Release contains certain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. We have tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates,"
"expects," "plans," "intends,"
"potential" and similar expressions. These statements reflect our
current belief and are based upon currently available information.
Accordingly, such forward-looking statements involve known and unknown
risks, uncertainties and other factors which could cause the Company's
actual results, performance or achievements to differ materially from those
expressed in or implied by such statements. We undertake no obligation to
update or advise in the event of any change, addition, or alteration to the
information catered in this Press Release including such forward-looking
statements.
The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
release.
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