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Message: Acquires Blue Mountain Mineral Rights
| April 9, 2009 |
| Nevada Geothermal Power Inc. Acquires Blue Mountain Mineral Rights |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2009) - Nevada Geothermal Power Inc. (NGP) (TSX VENTURE:NGP)(OTCBB: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 |
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