Nevada Geothermal Power Inc.
Powering a Green Future Now

Nevada Geothermal Power Inc. (NGP) (TSX V: NGP OTCBB: NGLPF) is an emerging renewable energy developer focused on producing clean, sustainable geothermal electric power from high temperature geothermal resources. NGP has four properties in the Western United States: Blue Mountain, Pumpernickel, and Black Warrior — in Nevada — and Crump Geyser — in Oregon.

NGP's Blue Mountain 'Faulkner 1' power project is On the Road to Revenue and is expected to be turning on the power October 2009.

The initial 49.5 mega-watt (MW) gross power plant under construction at Blue Mountain, “Faulkner 1 Power Plant” is 90% complete (June 2009) and will be a state-of-the-art low-to-zero-emission, water-cooled, binary geothermal plant. Geothermal water will be re-injected to maintain reservoir pressure and productivity.

Nevada continues to be the focus of NGP for near term geothermal power development. High energy prices, high growth and a Renewable Portfolio Standard (RPS) which came into effect in 2003 have rejuvenated Nevada’s established geothermal power industry. The State of Nevada currently is generating over 333 megawatts of geothermal power. The RPS is targeted to be 20 percent by 2015.

In response, renewable energy — or green power — is receiving increased attention as one possible solution to those complicated issues. The use of power sources such as geothermal have the potential to reduce the nation's dependence on fossil fuels and provide some price stability for customers amid the volatile cost of commodities like natural gas.

Today, Nevada is one of the top producers of geothermal power, with 333 MW installed capacity. Geothermal energy provides about 9% of northern Nevada’s electricity with 14 power plants operating at 12 geothermal sites. Nevada holds the largest amount of untapped geothermal resources in the US with a potential for 2,500 to 3,700 MW of electricity. Wells and springs exist over the entire state, offering extensive opportunities for development of moderate and high-temperature resources for direct use or power generation. In particular, northern Nevada has the highest-temperature geothermal resources capable of generating electricity.

About Geothermal Power

Geothermal energy is literally "heat from the earth". Geothermal reservoirs of super-heated water occur in regions of high heat flow and fractured, permeable rock formations. Fractures in the earth's crust allow hot ground water to rise towards the surface where it may become sealed by impermeable rock. Surface manifestations of geothermal reservoirs include hot springs and geysers.

• Production wells are typically drilled 1200 m to 2500 m (4,000 ft to 8,000 ft)
• Natural hot water is brought to the surface and flashed to steam
• The steam drives turbines to generate electricity
• Residual water is re-injected to recharge the reservoir making geothermal the ultimate renewable energy
• Produces clean energy — no emissions, no combustion in plants, recyclable, closed-loop
• Base load energy — generating electricity 24 hours a day, 7 days a week, 365 days at year at 95%+ capacity for geothermal compared to 65% for hydro, coal, nuclear and 30% for wind and solar
• Proven technology, low operating costs
• No fuel requirement means no commodity shocks.

Nevada Geothermal’s team are professionals with many years of experience in the international and US geothermal industry, project finance and corporate finance.

Nevada Geothermal Directors & Management:

Brian D. Fairbank, B.A.Sc., P.Eng.
President and Chief Executive Officer, Director

Mr. Fairbank is a recognized leader in the North American geothermal energy sector with over 30 years of exploration and development, project finance, and business management experience. He has been responsible for Nevada Geothermal Power Inc.’s (NGP) development, funding, acquisitions and growth since its inception.

Mr. Fairbank leads an experienced and knowledgeable team at NGP whose expertise in all aspects of geothermal development has resulted in an effective, and growth focused company. He has presented extensively on the industry in various forums since acquiring the Blue Mountain geothermal project in 1993.

He is currently a Director of the Geothermal Energy Association, a long-standing member of the Geothermal Resources Council and is a past president of the Canadian Geothermal Energy Association.

Andrew T. Studley, P.Eng., CPA, MBA
Chief Financial Officer and Secretary

Mr. Studley has over 24 years' experience in all areas of corporate planning, accounting, finance and administration for chemical, energy and environmental management to worldwide chemical companies, refiners and power companies. Mr. Studley started his career in finance with Imperial Oil Ltd., and later was promoted to National Manager Marketing and Business Development. He was Vice President of Corporate Planning with AT Plastics and most recently Corporate Controller with Marsulex Inc., an environmental management and outsourced services provider to worldwide chemical companies, refiners and power companies. Mr. Studley holds a Chemical Engineering Degree, an MBA from Harvard University and is a Certified Public Accountant (CPA).

Richard Campbell, M.S. Chemical Engineer
Director

Mr. Campbell has an extensive background in geothermal development and in the design, procurement, construction support and start-up of geothermal power plants. Currently, Mr. Campbell is the VP of Engineering Technology with CH2M HILL, a power group based in Denver, CO. He is also a Director of the Geothermal Resources Council (served as President from 1995-1996), one of the world's premier geothermal associations, from which he received the Joseph W. Aidlin Award (2000) for Outstanding Contribution to the Development of Geothermal Energy.

Domenic Falcone, CPA
Director

Mr. Falcone was a founder, of Geothermal Resource International Inc. a power developer in California which played a significant role in building a viable U.S. geothermal industry. With Domenic J. Falcone and Associates, Inc. and the Creston Financial Group, Inc., he participated in financings in excess of $200 million. Mr. Falcone received the Joseph W. Aidlin Award in 1991 from the Geothermal Resource Council recognizing his outstanding contribution to the development of geothermal resources.

Marcus K. Christen
Director

Mr. Christen is a Senior Financial Executive with extensive experience in investment and commercial banking, both in the US and internationally. He is a recognized leader in the financial industry having been responsible and involved in raising over US $50 billion for projects in developed and emerging markets, including many geothermal plants.

Mr. Christen, born in Switzerland, received a law degree from the University of Zurich in 1981. He joined Credit Suisse in Zurich in 1983. As a member of senior management, Head of Project Finance and Head of Structured Finance for Credit Suisse, New York between 1989 and 1996, he developed the Project Finance Group into a recognized leader and trendsetter in North America and successfully led a global expansion with teams based in London and Hong Kong. Mr. Christen was Managing Director of Credit Suisse First Boston, New York from 1997-2000 where he was responsible for the acquisition and execution of major project finance transactions on a global basis. In 2000, Mr. Christen established an independent financial advisory practice specializing in mergers, acquisitions and project finance.

Mr. Christen has extensive geothermal power industry contacts and project finance or project acquisition experience in Nevada (Brady, Desert Peak), California (Coso, Geysers, Salton Sea, East Mesa, Ormesa), Hawaii, Indonesia, and the Philippines (Mahanagdong, Malitbog Visayas, Upper Mahiao).

Gavin Cooper, CA
Director

Mr. Cooper is a Chartered Accountant with a Bachelor of Accounting (Hons) from the University of South Africa and has more than 20 years of experience in senior executive management roles. He served as Chief Financial Officer from 2003 to 2008 with VRB Power Systems Inc. (a flow battery energy storage development company), President and CEO of Catamaran Ferries International Inc. through the wind-up phase of the BC Government's fast ferries program, Director of Finance and Administration at Yarrows Ltd., Vice President and Director of Pacific Engineered Materials Inc., and Senior Audit Manager at Ernst & Whinney in Vancouver, BC; London, UK; and Capetown, South Africa.

R. Gordon Bloomquist, Ph.D.
Director

Dr. Bloomquist is former Director of Geothermal and District Energy Program, Washington State Energy Office. He was responsible for State geothermal policy decisions, assistance to developers, investigation of geothermal resources, and district heating installations and is also involved with committee work for the formulation of national geothermal energy policy in the United States. Dr. Bloomquist is a past President of the Geothermal Resource Council. He is currently an independent energy project consultant to a wide variety of private corporations and institutions.

James Yates
Director

Mr. Yates is an independent businessman with 20 years of experience in corporate development and financing of start up resource companies. Mr. Yates financed and developed to production the Crowfoot Lewis open-pit gold mine in Nevada and is currently a director of ESO Uranium Corp., a mineral exploration company focused on uranium exploration, and Canyon Copper, an exploration and resource company with an advanced mineral resource property in Nevada.

Max Walenciak, PE
Vice President, Operations and Development, Nevada Geothermal Power Company (US)

Max Walenciak is based in Nevada Geothermal Power's Reno office.

Mr. Walenciak is a registered professional engineer with over 30 years of diverse project management experience including both gas-fired and geothermal power plants. His experience includes project planning, design development, permitting support, negotiation of key project development and operation agreements, and operations of power plants and associated facilities. He has an in-depth understanding of the design, procurement, and construction process from the owner/developer's perspective.

Mr. Walenciak is responsible for engineering, equipment procurement and contractor selection for the Company's planned 'Faulkner 1' geothermal power plant, well field and transmission line at Blue Mountain, Nevada. Mr. Walenciak will direct critical path scheduling and manage the overall construction effort.

Kim Niggemann, B.Sc., Geologist
Director of Resource Exploration

Ms. Niggemann is the Project Director with responsibility for day-to-day development, operations, scheduling, permitting, communications, program efficiency, and budget control and data completeness.

Ms. Niggemann obtained a B.Sc. degree in geology from the University of New Brunswick in 1980 and worked with the Department of Natural Resources of New Brunswick, Shell Canada, and Home Oil in eastern Canada before joining Chevron Resources in Vancouver, B.C. Chevron field projects included potash deposits in Cape Breton, mining exploration in the Yukon and British Columbia, and major field involvement in drilling at the Muddy Lake gold discovery. Muddy Lake was later developed as the Golden Bear Mine.

In 2001, she obtained a Management Systems Certificate with honors from the British Columbia Institute of Technology (BCIT) and gained business management, project accounting, bookkeeping and consulting experience working on contracts for the Insurance Corporation of British Columbia (ICBC) and small businesses. Currently, she is the program director for exploration and development of all drilling programs at Blue Mountain, Pumpernickel Nevada & Crump Geyser Oregon.

Mark Kolar
Operations Manager, Blue Mountain, ‘Faulkner 1’ Geothermal Power Plant

Mr. Kolar, based in NGP's Winnemucca office, is Operations Manager of NGP's Blue Mountain I geothermal project. Mark has 19 years of geothermal operating experience at the Coso Geothermal Project in California. Mr. Kolar worked all aspects at the Coso Projects starting as a Well field Operator, progressing to Control Room Operator, then Shift Supervisor, then Maintenance Supervisor and finally to Operations Manager. In the later position he had supervised 42 operations personnel and the operations of 9 power plants producing in excess of 200MW. His responsibilities included ensuring the projects operated in compliance with the BLM and US Navy agreements, manage daily operations, setting up safety procedures, developing project operations budgets, procurement of equipment and services and the general administration of personnel.

Prior to joining the Coso operations, Mark was with the US Navy for 6 years and trained as a Nuclear Machinist Mate with a specialty in chemistry and radiological controls. In this role, his duties as a Lead EKT included supervising of all aspects of the steam generator, reactor plant, make-up and feed water chemistry control.

Shelley Kirk
Corporate Communications/Investor Relations

Ms. Kirk is responsible for day-to-day communication with investors, stakeholders, analysts, and media and has assisted in the financing of Nevada Geothermal. Ms. Kirk has over 25 years' experience in finance and communications in the investment industry. She started her career as a broker in Vancouver and left the industry to start her own film and television production company in the early 1990's. She was the founding director of a Biotech and Tech Fund in the early 2000's and has been a general partner for various Marketing Limited Partnerships.

BLUE MOUNTAIN GEOTHERMAL PROJECT

Nevada Geothermal Power’s flagship property, Blue Mountain project, is located in northern Nevada 32 km (20 mi) west of Winnemucca — one of the United States' prime sources of geothermal energy.

Nevada Geothermal is gathering steam with it’s flagship project Blue Mountain’s “Faulkner I” power plant that is expected to be generating electricity in October 2009, three months early. NGP has a 20-year Power Purchase Agreement with NV Energy [formerly Nevada Power Company (Utility)] to deliver up to 49.5 MW (gross)/39.5 MW (net) of geothermal power, enough energy to supply ~40,000 homes. The MW capacity of the Blue Mountain resource is now estimated to have a minimum value of 40 MW net and most likely value of 57 MW net. Blue Mountain’s ‘Faulkner 1’ geothermal power plant is on target to generate electricity onto the grid in October 2009.

Blue Mountain is On the Road to Revenue!

• 20-Year Power Purchase Agreement with NV Energy (formerly Nevada Power)
• 90% complete with construction of power plant
• Transmission line complete
• Production wells to feed the power plant are complete
• Cooling tower complete
• Control and maintenance buildings nearing completion
• Injection wells complete
• Financed to revenue
• Turn on the Power October 2009.

• Blue Mountain potential build out
  • two additional phases; each 20-30 MW potential capacity
• Investment in exploration/development at Crump, Pumpernickel and Black Warrior
• Operating team will create a platform for growth
• Acquisition of new geothermal assets.

PUMPERNICKEL GEOTHERMAL PROJECT

Nevada Geothermal Power has a 100% interest in the Pumpernickel Geothermal Project, located 30 km (20 mi) east of Winnemucca, in Humboldt County. A near-boiling hot spring occurs on the geothermal leases.

One of Nevada's top four geothermal projects

• 3D Resistivity survey outlined a 4 mi² anomaly
• Hot springs geochemistry indicates probable source temperatures of 150-200˚C (300-425˚F)
• 2005, US Department of Energy funded 80% of Phase 1, a grant of US$590,000
• Leases from Ormat (NYSE: ORA), with which has been forged a strategic relationship
• Plans for a production test well.

BLACK WARRIOR GEOTHERMAL PROJECT

Located southeast of Black Warrior peak, Washoe County, Nevada and 19 km (12mi) northwest of the Brady’s geothermal power plant. 121 km² (8.1 square miles) in Washoe County, Nevada.

• Located in a region of many producing geothermal fields, “The Corridor of Heat”, Brady, Steamboat, Soda Lake and Still Water having a combined power output of 100 MW
• Early 1980’s, Phillip Petroleum drilled the Black Warrior site with 10 wide-spaced drill holes to a depth of 1800 feet encountering 262°F suggesting commercial temperatures may be found within 3200 feet
• The area suggests that there could be a potential of 37 MW (90% probability); GeothermEx, Inc. California Energy Commission 2005.

CRUMP GEYSER, OREGON

NGP's Crump Geyser geothermal property is located in Warner Valley, Lake County, near the hamlet of Adel, which is 53 km east of Lakeview, Oregon on Highway 140, and 287 km northwest of Winnemucca, Nevada.

The Crump Geyser area is located within the moderate to high thermal activity zone, which extends from Washington State and covers much of central and eastern Oregon. Geothermal assessments by the US Department of Energy and the Federal Bureau of Land Management in 2003 ranked the Crump Geyser a “top pick” for the near-term geothermal power development. The Renewable Northwest Project considers the Basin and Range country of southeastern Oregon one of the most promising geothermal areas in the Pacific Northwest (www.rnp.org).

May 2006, an independent review by GeothermEx, Inc. of Richmond, California provided a preliminary estimate of capacity at Crump Geyser, a minimum of 40 MW and most likely 60MW. After a corporate review of the exploration results to date and the positive analysis by GeothermEx, Inc., NGP intends to advance the Crump Geyser project through reservoir drilling, testing and confirmation and project feasibility studies.

Exploration history

The Crump Geyser formed as a result of a well drilled by Nevada Thermal Power Company (Peterson, 1959). In the 1950's, the company conducted a systematic drilling program in this part of Oregon, Nevada, and California, in a search for a source of natural superheated steam. Nevada Thermal Power Company (NTPC) was a division of Magma Power Company of California.

Two days after the completion of the hole, the well erupted sending a continuous column of steam and hot water to about 45 m in the air. It was, at this time, the site of the largest continuously erupting geyser in the United States. The geyser was vandalized in the early 1960's. Several boulders were thrown in the casing, after which the behavior of the geyser changed. It continued erupting, but only to a height of approximately 18 m, and with periods of inactivity of about 2 minutes. The geyser has been continuously active for several years.

Rocked by sky-high energy prices and alarmed by the specter of global warming governments around the globe are promoting the development of cleaner renewable energy such as geothermal.

US Geothermal/Government

— Federal Renewable Energy Production Tax Credit (US2.1¢ per kWh)

• U.S. Department of Energy is committed to developing renewable sources of energy with the recent announcement to fund US $350 million for geothermal power development.

— Also as a part of the American Recovery Act:

• Production Tax Credits are extended to 2013.
• Investment Tax Credits has a value of 30% of the total eligible costs for a project and must be in production before 2013.
• Cash Grant has a value of 30% of the total eligible costs for geothermal if construction begins in 2009 or 2010 and plans to be in production by 2014.
• Loan Guarantee is provided by the US federal government to support up to 80% of a projects cost. To be eligible for loan guarantees companies must apply based on projects that are in the construction phase before September 30, 2011.

Nevada Geothermal/Government

— The state of Nevada has a strong history of supporting geothermal facilities and has set a legislated quota to increase renewable energy from 5% to 20% by 2015. In 2004 electricity from geothermal was 308 MW across 12 locations.
— In 2004, Nevada regulators showed strong support for renewables by removing a financing roadblock for independent renewable power developers contracting power to the State's two large regulated utilities, Sierra Pacific Power Co. and Nevada Power Co. Termed a “Temporary Renewable Energy Development Trust”, it will pay renewable energy producers for the power they generate, rather than Nevada Power and Sierra Power, making it easier for the geothermal power developers to secure construction capital. This is seen as a necessary step to help the utilities meet Nevada’s Renewable Portfolio Standard.

Follow NGPGeothermal on Twitter: http://twitter.com/NGPGeothermal

A Natural Source of Clean Power

Nevada Geothermal trades on the TSX Venture Exchange under the symbol NGP and over-the-counter bulletin board under the symbol NGLPF

As of June 15, 2009
Number of shares issued and outstanding: 94,547,504
Number of fully diluted shares: 104,531,504

Corporate Information on Stockhouse

Press Releases on Marketwire

Brian D. Fairbank B.A.Sc., P.Eng. President & CEO

Mr. Fairbank is a recognized leader in the North American geothermal energy sector with over 30 years of exploration and development, project finance, and business management experience. He has been responsible for Nevada Geothermal Power Inc.’s (NGP) development, funding, acquisitions and growth since its inception. Mr. Fairbank leads an experienced and knowledgeable team at NGP whose expertise in all aspects of geothermal development has resulted in an effective, and growth focused company. He has presented extensively on the industry in various forums since acquiring the Blue Mountain geothermal project in 1993. He is currently a Director of the Geothermal Energy Association, a long-standing member of the Geothermal Resources Council and is a past president of the Canadian Geothermal Energy Association.

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