Polaris Geothermal Inc.

Polaris Geothermal Inc.

July 05, 2005 11:06 ET

Polaris Geothermal Inc.-Stock Option Grant

TORONTO, ONTARIO--(CCNMatthews - July 5, 2005) - Polaris Geothermal Inc. ("Polaris Geothermal"), (TSX VENTURE:GEO) is pleased to announce that it has granted an aggregate of 100,000 incentive stock options to certain officers and employees of Polaris Geothermal pursuant to its stock option plan. These options will be exercisable at a price of $1.01 per share and will expire June 29, 2010.

Polaris Geothermal is a renewable energy resource company focused on the development of geothermal projects. Polaris Geothermal Inc. has 36,476,201 Class A common shares issued and outstanding.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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