VANCOUVER, Feb. 6, 2014 /PRNewswire/ - Alternative Earth Resources Inc. ("Alternative Earth" or "the Company") (TSX.V: AER) today announced that its Nevada operating subsidiary, Nevada Geothermal Operating Company LLC, has turned over operations at the Faulkner 1 geothermal power plant at Blue Mountain, Nevada to a new operator designated by the project owner. This ends Alternative Earth's involvement in the project effective February 1, 2014.
Alternative Earth holds leaseholds at four other geothermal properties in the western United States and now directs full attention to advancing its current project interests and assessing new opportunities.
About Alternative Earth Resources Inc.: Alternative Earth Resources Inc. is an experienced renewable energy developer focusing on the development of CLEAN electrical power from high temperature geothermal resources in the United States. The Company owns geothermal leaseholds comprising the New Truckhaven property in Imperial Valley, California; the Pumpernickel and North Valley properties in northern Nevada; and a 50% interest in the Crump Geyser property which it owns with Ormat Nevada Inc. in Lake County, Oregon. These properties, at different stages of exploration and development, cover aggregate inferred resources totaling approximately 200 MW.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release including such forward-looking statements.
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SOURCE Alternative Earth Resources Inc.