Mr. Brian Fairbank reports

NEVADA GEOTHERMAL POWER REPORTS RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2011

Nevada Geothermal Power Inc. today released results for the quarter ended Dec. 31, 2011. The condensed consolidated interim financial statements and management's discussion and analysis (MD&A) are available at SEDAR and on the company's website.

                                HIGHLIGHTS
              (millions of U.S. $ unless stated otherwise)

                                                    For the three months 
                                                          ended Dec. 31,             
                                                      2011          2010
                                                                                                    
Revenue from electricity sales                        $5.1          $5.8 
EBITDA*                                                1.4           3.6
Operating profit                                       0.1           2.4
Net (loss) profit                                     (3.9)          0.3
Net (loss) profit per share
(basic and diluted) ($)                              (0.03)         0.00
Total assets                                         134.8         152.5
Cash generated from operating activities               1.4           2.7

* Earnings before interest, tax, depreciation and amortization (EBITDA) 
are a measure that do not have any standardized meaning prescribed by 
international financial reporting standards. They are defined by the 
company as operating profit excluding depreciation and amortization. The 
company is including EBITDA in the analysis because it is a key measure 
used by management to evaluate performance.

Highlights:

• Canaccord Genuity has been engaged to assist with assessing strategic alternatives given the requirement to restructure the EIG debt and recapitalize the company.
• Blue Mountain production for the quarter (64,751 megawatt-hours (net)) was lowered by an auxiliary pump failure and resulting outage of one of the three power modules. In addition, production is currently being limited while awaiting the results of the current program of well field stimulation, optimization and testing.
• Work at the Crump Geyser joint venture has confirmed the existence of a 265 F resource.
• Project work focused on the New Truckhaven property.

The company adopted international financial reporting standards during the quarter ended Sept. 30, 2011. Full reconciliations between previously published Canadian generally accepted accounting principles and restated IFRS numbers are provided in the condensed consolidated interim financial statements.

A testing and stimulation program, designed to moderate the rate at which production well temperatures are declining, is nearing completion at Blue Mountain. Recent breaches of EIG Global Energy Partners loan terms have resulted in the classification of the EIG loan as a current liability as at Dec. 31, 2011. The John Hancock Life Insurance Co. loan, guaranteed by the United States Department of Energy, remains classified as long-term, since the repayment of this loan is still projected to take place in accordance with the original repayment schedule. The company is diligently pursuing a restructuring of the EIG loan and has appointed Canaccord Genuity to assist with the loan restructuring as well as recapitalization of the company.

During the quarter, work at the Crump Geyser joint venture, financed by the company's joint venture partner, Ormat Nevada Inc., confirmed the existence of a 265 F resource, which is currently the subject of further feasibility work.

We seek Safe Harbor.