Sierra Geothermal Power Corp.
TSX VENTURE : SRA

Sierra Geothermal Power Corp.

March 26, 2008 09:00 ET

Sierra Geothermal Appoints New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) -

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Sierra Geothermal Power Corp. (SGP) (TSX VENTURE:SRA) is pleased to announce the appointment of Jeff Finkelstein as Chief Financial Officer. Mr. Finkelstein brings further depth and experience to SGP's management team.

Mr. Finkelstein is a Chartered Accountant with over 20 years of financial experience. Prior to joining SGP, Mr. Finkelstein worked for a number of public companies in the technology and mining sectors. Since 1999, he was employed by SmarTire Systems Inc., a technology company formerly listed on the Nasdaq exchange, where he was Controller until 2002 and served as CFO until 2008. Mr. Finkelstein also held the position of Controller for Silver Standard Resources Inc., a Nasdaq and TSX listed company, and Golden Knight Resources Inc., formerly a TSX listed company. Prior to that, he worked in public practice accounting from 1985 to 1992. He holds a Bachelor of Commerce Honors and a Bachelor of Arts from the University of Manitoba.

The appointment of Mr. Finkelstein comes following the resignation of Cale Moodie as CFO effective April 1, 2008. SGP would like to congratulate Mr. Moodie on his new CFO appointment and thanks him for assisting SGP through its substantial growth over the last year.

"We are pleased to welcome Mr. Finkelstein, a Chartered Accountant with over 20 years experience, to SGP's executive team. SGP continues to achieve its corporate objectives by adding strength to the management team and the organization," said SGP's President and CEO, Gary R. Thompson.

About Sierra Geothermal Power Corp.

SGP is a Vancouver-based renewable energy company focused on the exploration and development of clean, sustainable geothermal power. Geothermal power plants produce long-term revenues and provide continuous base-load power, often at or above 95% capacity. SGP's 17 projects comprise a total of 88,000 acres of geothermal land assets in Nevada and California. The company intends to advance the development of its portfolio of projects through a combination of equity and/or joint ventures, while continuing to evaluate additional acquisitions. To find out more about Sierra Geothermal Power Corp. (TSX VENTURE:SRA), visit our website at www.sierrageopower.com.

Gary R. Thompson, P.Geo

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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

Contact Information

  • Sierra Geothermal Power Corp.
    Gary R. Thompson, P.Geo.
    President & CEO
    (604) 683-0332 or 1-800-563-5631
    or
    Sierra Geothermal Power Corp.
    Patrick Moodie, BA Economics
    Investor Relations
    (604) 683-0332 or 1-800-563-5631
    Website: www.sierrageopower.com