Sierra Geothermal Power Corp.
TSX VENTURE : SRA

Sierra Geothermal Power Corp.

August 06, 2009 15:12 ET

Sierra Geothermal Power Supplement to Announcement of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2009) - Sierra Geothermal Power Corp. (SGP) (TSX VENTURE:SRA) announces, further to its news release on August 5, 2009, that a syndicate of brokers, lead by Jacob Securities Inc. and including Wellington West Capital Markets Inc. and Canaccord Adams, provided services in the brokered private placement. These Agents collectively received an aggregate cash commission equal to 7 percent of the amount raised and 1,325,156 agents' warrants. Each agent's warrant is exercisable at a price of $0.27 per share until August 5, 2011.

About Sierra Geothermal Power Corp.

Sierra Geothermal Power Corp. is a renewable energy company focused on the exploration and development of clean, sustainable geothermal power. It is based in Vancouver, British Columbia and listed on the TSX Venture Exchange under the symbol SRA. Its portfolio of geothermal projects located in Nevada and California exceeds 90,000 acres and has a combined total estimated capacity of greater than 500 MW. SGP intends to finance development by utilizing a combination of corporate equity, joint venture partnerships and project debt, with the support of US government grants and loan guarantees. To find out more about Sierra Geothermal Power Corp. (TSX VENTURE:SRA) 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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