InvestorsHub Logo
Followers 1290
Posts 31382
Boards Moderated 15
Alias Born 10/18/2011

Re: xr_biotech_consult post# 671

Monday, 07/02/2012 3:39:14 PM

Monday, July 02, 2012 3:39:14 PM

Post# of 691
The Circular also contains a Report to Shareholders from the President of the Company, which provides an update on the status of certain material developments concerning the Company, including:

a) a discussion of the structure of the debt encumbering the Blue
Mountain project in Nevada, and the Company's efforts to eliminate the
mezzanine debt and recapitalize the Company;
b) a summary of certain steps that have been taken to reduce operating
costs, including termination of the Company's registration and OTC
listing in the United States, which will eliminate costs of SEC and SOX

reporting requirements;
c) a proposed share consolidation that will be considered at the
Meeting. The consolidation, if approved and implemented, is intended to
facilitate the Company's access to equity financing, which is vital to
sustain the Company;
d) re-confirmation of the Company's shareholder rights plan, which will
be considered at the Meeting; and
e) an update concerning the status of certain geothermal projects,
including Blue Mountain (Nevada), Crump Geyser (Oregon), New Truckhaven
(California) and the Pumpernickel, North Valley and Edna projects

Shareholder and investors who are interested in any of the foregoing matters should review the Report to Shareholders contained in the Circular.

About Nevada Geothermal Power Inc.: Nevada Geothermal Power Inc. operates the 49.5 MW Faulkner 1 geothermal plant in Nevada. It is a 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 leasehold interests in six properties: Blue Mountain, Pumpernickel Valley, Edna Mountain and North Valley in Nevada, New Truckhaven in California, and Crump Geyser, in Oregon. These properties are at different levels of exploration and development.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Nevada Geothermal Power Inc. Brian D. Fairbank, P. Eng. President & CEO

Information Contact: Nicole Smith Nevada Geothermal Power Inc. Telephone: 604-688-1553 X123 Toll Free: 866-688-0808 X123

SOURCE Nevada Geothermal Power Inc.