SOURCE: Ram Power, Corp.

Ram Power, Corp.

December 22, 2011 08:00 ET

Ram Power, Corp. Announces Synchronization of the Phase I Expansion at San Jacinto-Tizate

RENO, NV--(Marketwire - Dec 22, 2011) - Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, today announced that the Phase I expansion at San Jacinto-Tizate has been successfully synchronized to the Nicaraguan national integrated electrical grid. The Company expects commercial operation of the Phase I expansion to begin in the near future.

The Phase I expansion adds 36 MW of capacity to the existing 10 MW backpressure units currently in operation at San Jacinto. The electricity produced by the project is sold through a long-term power purchase agreement in place with Nicaraguan power distributors Disnorte-Dissur, subsidiaries of the Spanish utility Gas Natural Fenosa.

"Synchronization for the Phase I expansion at San Jacinto-Tizate is the result of a dedicated team of professionals who overcame all the challenges associated with building a world-class geothermal power project," stated Shuman Moore, CEO of Ram Power. "I am extremely proud of our employees who have continued to demonstrate their commitment to this project and to the development of geothermal power in the region."

"Congratulations to the team at Ram Power for their work on the Phase I expansion," said Antony Mitchell, Executive Chairman of Ram Power. "I would like to take this opportunity to thank our grid operator ENATREL and our customer Gas Natural Fenosa for their support in reaching synchronization. We look forward to a long and mutually beneficial relationship in helping to serve the power needs of Nicaragua. In addition, I would like to recognize the Company's management for leading our Nicaraguan and U.S. teams to accomplish this important goal, and look forward to their achieving commercial operation in the near future."

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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