NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Sierra Geothermal Power Corp. (TSX VENTURE:SRA) ("SGP") announced that it today
issued 1,800,000 10-year incentive stock options to its employees, officers and
directors as follows:


- An aggregate of 100,000 incentive stock options to its recently appointed
directors. These options vest immediately;


- An aggregate of 1,700,000 incentive stock options to its officers and employees.

All of the aforementioned incentive stock options were granted at an exercise
price of $0.25 and are exercisable at any time up until the expiration of their
10-year term on March 1, 2020.


As a result of the granting of these incentive stock options, SGP now has
7,334,336 incentive stock options outstanding.


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

Not for distribution to United States newswire services or for dissemination in
the United States. Any failure to comply with this restriction may constitute a
violation of United States securities law.


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.
Forward-looking statements in this press release include the statement about the
Company's intent to finance the development of its projects through a
combination of corporate equity, joint venture partnerships and project debt
with the support of US government grants and loan guarantees. This statement is
only a prediction and involves known and unknown risks, uncertainties and other
factors, including the risks inherent in our industry, the challenging 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 our 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.


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