SOURCE: Ram Power, Corp.

Ram Power, Corp.

September 23, 2010 08:00 ET

Ram Power Announces Drilling Update at San Jacinto-Tizate

RENO, NV--(Marketwire - September 23, 2010) -  Ram Power, Corp. (TSX: RPG) ("Ram Power"), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced today the successful initial testing of well 9-3 at its San Jacinto-Tizate project site in Leon, Nicaragua. The initial 14 hour flow testing produced separated steam at a rate of 187,000 lbs./hr at an inlet turbine design pressure range of 85 bpsig with production from a down-hole zone that exceeded 500°F. These initial results confirmed that well 9-3 will be a production well with an estimated initial capacity of 8 to 10 MW (gross). Well 9-3 targeted a nearly vertical fault at a depth of 5500' and encountered multiple fractures and high permeability. A long-term flow test which involves the connection of the well to the project's production piping will be performed starting in early October and will be certified by GeothermEx, Inc.

Stuart Johnson, Vice President of Resource Development, stated, "The Phase II drilling campaign at our San Jacinto-Tizate project is proceeding on schedule with two production wells (9-3 and 12-1) drilled, well 9-3 successfully tested and a third well currently being drilled with completion scheduled in late October. Should these Phase II production wells test positively, this new production capacity, when added to the already certified and existing Phase I capacity of 46 MW, results in sufficient steam under valves to complete the full planned 85 MW expansion of the project."

The phased expansion is designed to increase production from the current 10 MW to 46 MW in the first half of 2011 (Phase I). The 46 MW capacity will be expanded to 72 MW in the latter part of 2011 (Phase II). In 2012 there will be a bottoming unit added which will increase production to an anticipated capacity of 85 MW without the need to drill more production or injection wells. There is a long-term power purchase agreement in place with a subsidiary of Gas Natural Fenosa, a Spanish utility. The expansion will bring state of the art geothermal technology to an existing utility-scale power facility that will supply low cost geothermal energy to the region.

About Ram Power

Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties. Ram Power has an interest in geothermal projects, primarily in the United States, Canada, and Latin America.

Cautionary Statements

This press release contains "forward-looking information" within the meaning of applicable securities laws including information regarding the business of Ram Power. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by this information. The statements in this press release are made as of the date of this release. Ram Power undertakes no obligation to update forward looking information, other than as required by law, or comment on analyses, expectations or statements made by third-parties in respect of Ram Power, or its financial or operating results or its securities.

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