TORONTO, ONTARIO--(MARKET WIRE)--Apr 25, 2008 -- Nevada Geothermal Power Inc. (CDNX:NGP.V - News)(OTC BB:NGLPF.OB - News) -

 

-----------------------------------------------------
-----------------------------------------------------
CRITERIA                                    24-Apr-08
-----------------------------------------------------
-----------------------------------------------------
MKT CAP (millions)                             $ 79.8
-----------------------------------------------------
50 DAY AVG. VOLUME                            133,900
-----------------------------------------------------
50 DAY AVG. VALUE                        $ 145,951.00
-----------------------------------------------------
50 DAY AVG. DAILY TRADES                           37
-----------------------------------------------------
50 DAY AVG. DAILY TRADE VALUE              $ 3,945.00
-----------------------------------------------------
% OF FLOAT TRADED                               0.17%
-----------------------------------------------------
-----------------------------------------------------

In the most recent Technical Research Report, dated April 10, 2008, the analyst stated:

"Nevada Geothermal Power Inc. (NGP) is currently trading above the key 5- week modified moving average at 1.087 and weekly sentiment is currently rising."

"My model shows quarterly support at 0.937 with a weekly pivot at 1.113 and monthly resistance at 1.252."

"The 50- week and 200- week moving average provide additional supports at 0.983 and 0.822."

In the most recent Fundamental Equity Report, dated February 8, 2008, the analyst stated:

"Geothermal electricity producers like NGP will be the major beneficiaries of the strong U.S. electricity prices; simply because they do not bear the high cost of fossil fuels while they enjoy the buoyant electricity prices determined by market forces. For this reason we think, once getting into the production stage, NGP's income statement will be showing a growing gross and net margin and thus growing profitability in the future."

"NGP has US$100 million loan facility to fund construction of the Faulkner 1 power plant which is expected to come online at the end of 2009. And, it has already signed a 20-year Power Purchase Agreement with Nevada Power Company to provide 31.25 MW (net) of base load electricity through Faulkner 1 power plant at 6-7 cents per kilowatt hour plus PTC (Production Tax Credit) if extended."

The Liquidity Report can be found at:

http://www.baystreet.ca/articles/research_reports/ccm_research/NGP_LiquidityReport_April%20242008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $42,500.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

     Contacts:
     Cronus Capital Markets
     Peter Soni
     Chief Information Officer
     (416) 368-3700 ext 225
     Email: Peter@cronuscapitalmarkets.com