Mr. Brian Fairbank reports

ALTERNATIVE EARTH RESOURCES COMPLETES SALE OF GEOTHERMAL PROJECTS TO ORMAT

Alternative Earth Resources Inc. has completed the sale of certain geothermal projects to Ormat Nevada Inc. pursuant to a purchase and sale agreement dated Aug. 5, 2014. Under the transaction, Ormat also has the option, exercisable for four years, to acquire an additional geothermal lease. Shareholder approval for the transaction was obtained at the annual and special meeting of shareholders held on Aug. 22, 2014. Details of the transaction were previously disclosed in news releases dated June 11, 2014, and Aug. 6, 2014.

The benefits to Alternative Earth resulting from the transaction include: receipt today of $1.49-million (U.S.) to the treasury; freeing up $175,000 (U.S.) of cash that is currently pledged for geothermal well bonds; removal of liability for geothermal well abandonment costs of approximately $450,000 (U.S.); and elimination of continuing geothermal lease payment obligations.

We seek Safe Harbor.