Mr. Ross Beaty reports

On Nov. 28, 2014, pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues), Ross J. Beaty, of 1550, 625 Howe St., Vancouver, B.C., V6C 2T6, acquired ownership of 14,571,100 common shares of Alterra Power Corp. through the facilities of the Chi-X Exchange, in reliance on the normal course purchase exemption set out in Section 4.1 of Multilateral Instrument 62-104 (takeover bids and issuer bids), for a purchase price of 32.8 cents per common share and a total purchase price of $4,779,320.80. The common shares purchased represent approximately 3.1 per cent of the total number of issued and outstanding common shares of Alterra. As a result of this transaction, Mr. Beaty now owns, directly or indirectly, or exercises control or direction over, 156,569,186 common shares of Alterra, representing approximately 33.41 per cent of the total number of issued and outstanding common shares of Alterra. Mr. Beaty's acquisition was made for investment purposes. Mr. Beaty may, in the future, acquire ownership and control over additional securities of Alterra for investment purposes.