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Message: Issues Stock Options
| March 19, 2009 |
| Nevada Geothermal Power Inc. Issues Stock Options |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB:NGLPF) announced that incentive stock options have been granted to certain directors and employees of NGP to purchase 762,000 common shares of the Company at an exercise price of $0.45 per share for a term of 5 years. Common shares which may be acquired upon exercise of the options shall be subject to a hold period which will expire on July 19, 2009. Certain employees shall be subject to additional vesting restrictions, to some, or all, of their incentive options. 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, Black Warrior, all of which are ideally situated in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of over 200 MW from the current leaseholds. 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, fourth quarter 2009. Nevada Geothermal Power Inc. Brian D. Fairbank, P. Eng., President & CEO |
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