Polaris Geothermal Inc.

Polaris Geothermal Inc.

August 12, 2009 09:34 ET

Polaris Geothermal Inc. Announces Exercise of Warrants

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2009) - Polaris Geothermal Inc. (TSX:GEO) ("Polaris" or the "Company") wishes to announce that Exploration Capital Partners 2000 Limited Partnership ("ECP") has exercised 19,095,300 common share purchase warrants at an exercise price of $0.45 per share for aggregate gross proceeds to the Company of $8,592,885 (the "Warrant Exercise"). Pursuant to the Warrant Exercise, Polaris has issued a total of 19,095,300 common shares to ECP, such shares being subject to the hold periods required by applicable securities law.

About Polaris Geothermal Inc.

Polaris is a Canadian company focused on the generation of renewable energy projects in Latin America and other parts of the world. For more information about Polaris, visit www.polarisgeothermal.com.

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