Sierra Geothermal Power Corp.
TSX VENTURE : SRA

Sierra Geothermal Power Corp.

March 13, 2009 09:30 ET

Sierra Geothermal Power Issues Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2009) - Sierra Geothermal Power Corp. (TSX VENTURE:SRA) is pleased to announce that it has issued incentive stock options to its employees and officers.

Options Granted

On March 12, 2009, we granted 941,000 incentive stock options to our officers and employees. The stock options are exercisable at $0.11 per share at any time up until the expiration of their term on March 12, 2019. The stock options were granted pursuant to our revised Stock Option Plan and are subject to Exchange and Shareholder approval.

About Sierra Geothermal Power Corp.

SGP is a Vancouver-based renewable energy company focused on the exploration and development of clean, sustainable geothermal power. SGP's 17 projects comprise a total of approximately 90,000 acres of geothermal land assets in Nevada and California with a combined output capacity of over 500 MW. We intend to advance the development of our portfolio of projects through a combination of equity and/or joint ventures. To find out more about Sierra Geothermal Power Corp., please visit our website at www.sierrageopower.com.

On behalf of the Board of Directors

Gary Thompson, P.Geo, President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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