U.S. Geothermal Inc.

U.S. Geothermal Inc.

February 01, 2010 13:02 ET

U.S. Geothermal Resale Registration Statements Declared Effective

BOISE, IDAHO--(Marketwire - Feb. 1, 2010) - U.S. Geothermal Inc. (TSX:GTH)(NYSE Amex:HTM) ("U.S. Geothermal"), a renewable energy company focused on the production and sale of electricity from geothermal energy, clarified today that the Securities and Exchange Commission declared the resale registration statements filed by U.S. Geothermal, effective on January 29, 2010. The registration statements register for resale the shares and warrants included in two previous private placements which closed on August 17, 2009 (8,100,000 shares) and April 28, 2008 (6,382,500 shares), respectively, and are not an issuance of new share capital. The registration statements were filed pursuant to registration rights granted to the investors in the previous private placements.

The resale registration statement, while effective, allows, but does not require, selling stockholders to publicly resell their shares of U.S. Geothermal, subject to their satisfaction of the prospectus delivery requirements of the Securities Act of 1933, as amended, in connection with any such sale. U.S. Geothermal will not receive any proceeds from the stockholders' resale of their common stock in this offering, however, should the warrants be exercised in full, U.S. Geothermal would receive $17,405,760.

A copy of the prospectus may be obtained from the Securities and Exchange Commission's website at www.sec.gov or from investor relations at the address listed below.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About U.S. Geothermal:

U.S. Geothermal is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada and completed testing a new well as part of its exploration activities at Neal Hot Springs in eastern Oregon.

The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, including statements regarding the ability to complete the private placement, the use of proceeds of the anticipated offering, drilling plans, or development possibilities at Neal Hot Springs. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described. Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.

The NYSE Amex and the Toronto Stock Exchange do not accept responsibility for the adequacy of this release.

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