Mr. Brian Fairbank reports

NEVADA GEOTHERMAL POWER REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31, 2012

Nevada Geothermal Power Inc. has released the results for the quarter ended March 31, 2012. All figures are shown in U.S. dollars, unless otherwise specified. The condensed consolidated interim financial statements and management's discussion and analysis are available at SEDAR and on the company's website.

                        FINANCIAL HIGHLIGHTS
                     Three months ended March 31
                    (in millions of U.S. dollars)
                                                   2012       2011
                                                                                               
Revenue                                            $5.2       $6.3
Gross profit                                        2.9        4.1
EBITDA                                              1.5        4.8
Depreciation and amortization                       1.3        1.3
Operating profit                                    0.2        3.5
Net (loss)                                         (3.8)      (1.2)
Net (loss) per share (basic and diluted)          (0.03)     (0.01)

During the quarter under review, the company focused on resolving resource issues at its Blue Mountain project and on exploring various strategic alternatives together with Canaccord Genuity, which has been appointed to assist in restructuring the EIG debt and in recapitalizing the company. Progress on the company's other projects was limited to work required to maintain the leases that were deemed to be the most strategically important. During the quarter, the company made the decision not to renew its leases on the East Brawley and South Brawley projects.

Power production at Blue Mountain for the quarter (65,784 megawatt hours (net)), increased by 2 per cent compared with the quarter ended Dec. 31, 2011, but was 18 per cent below power production in the comparative quarter ended March 31, 2011. A pump failure during March, 2012, reduced revenues, and the company is also still working toward completing its mitigation program aimed at reducing the observed temperature decline of the resource. Preliminary results of the mitigation program indicate that there has been a moderation in temperature declines in production wells and a stabilization of pressure support. The company is still optimizing its injection program to bolster reservoir pressure and increase production. Gross profit decreased by 29 per cent compared with the quarter ended March 31, 2011, due to the effect of lower revenue and repairs and maintenance expenses required in respect of the pump failure during March. EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter ended March 31, 2011, included a non-cash fair value gain of $948,790 on the revaluation of the cash settled option, and the quarter ended March 31, 2012, includes a non-cash impairment charge of $736,612, contributing to an overall reduction of 69 per cent in EBITDA.

The company breached the terms of the EIG Global Energy Partners loan as at Dec. 31, 2011. EIG has provided the company with several waivers in respect of the breaches, and the company is continuing to work with Canaccord Genuity and to negotiate with EIG to determine the best way to recapitalize the company and restructure the EIG debt.

The company continues to maintain its resource property assets, namely Crump Geyser (with Ormat Nevada Inc. as a partner), New Truckhaven, Pumpernickel Valley, North Valley and Edna Mountain.

We seek Safe Harbor.