Nevada Geothermal Power Inc.
TSX VENTURE : NGP

Nevada Geothermal Power Inc.

March 05, 2008 09:00 ET

CCM Research Issues Technical Research Report on Nevada Geothermal Power Inc.

TORONTO, ONTARIO--(Marketwire - March 5, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Nevada Geothermal Power Inc. (TSX VENTURE:NGP)

Nevada Geothermal Power Inc. (TSX VENTURE:NGP) is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP currently owns 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all located in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of approximately 150 MW to over 200 MW from the current leaseholds enough power for 200,000 homes.

In the report the analyst states:

"The weekly cycle will shift to neutral on a weekly close above the 5- week modified moving average at 1.088. The 200- week moving average provides support at 0.807 with the 50- week moving average at 1.157 as resistance."

"Weekly support is shown at 0.877 with monthly / semiannual resistances at 1.277 / 1.398. Look for weakness to hold the key quarterly pivot at 0.990."

A free copy of the report can be found at www.ccmopportunitybase.com.

CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the "Standards for Independent Research Providers" and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org.

Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $42,500.00 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies including share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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