Sierra Geothermal Power Corp. (TSX VENTURE: SRA) ("SGP") is pleased to announce that Mr. Alfred Sorensen will be the chair at the special meeting of SGP's shareholders scheduled for January 26, 2010. Mr. Sorensen is both a member of Sierra's Board of Directors and a member of the Special Committee of Independent Directors recently formed to consider and evaluate strategic alternatives for Sierra. The Board and the Special Committee unanimously selected Mr. Sorensen to chair the special meeting.

Sierra's Articles provide that Gary Thompson, its President and Chief Executive Officer, would normally chair the special meeting. However, Mr. Thompson informed the Board and the Special Committee that he believed it appropriate to appoint an independent chair. In the view of the Board and the Special Committee, Mr. Sorensen is not only independent, but is also well qualified.

Mr. Sorensen is the President and Chief Executive Officer of Galveston LNG. Galveston was founded in 2004 and is developing a worldwide LNG midstream business with projects in Canada. Prior to founding Galveston, Mr. Sorensen was the President of Duke Energy (Europe) Ltd. and was responsible for the development of Duke Energy's European strategy. Mr. Sorensen began his energy trading career with Direct Energy in 1987 and went on to be a partner in Continental Energy Marketing Ltd. which was ultimately sold to Pan Energy Corp., a predecessor company to Duke Energy. Mr. Sorensen is a Chartered Accountant and holds a Bachelor of Commerce Degree from the University of Alberta.

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 365 square kilometres (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, Chief Executive Officer, President and Director

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks inherent in our industry, the poor capital markets and other risks identified by us in our periodic filings on SEDAR (which can be viewed at www.sedar.com). Any of these risks could cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect our current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. Except as required by applicable law, including the securities laws of Canada, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

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

Contacts: Sierra Geothermal Power Corp. Gary Thompson President & CEO (604) 683-0332 or 1-800-563-5631 info@sierrageopower.com Sierra Geothermal Power Corp. Anthony Srdanovic, BA Investor Relations (604) 642-6179 asrdanovic@sierrageopower.com www.sierrageopower.com

Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Stria Lithium Charts.
Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Stria Lithium Charts.