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Klahoose First Nation and Alterra Power Sign Agreement for Upper Toba Project

TSX : AXY

VANCOUVER May 23, 2012

The comprehensive RDA sets out the terms under which the construction of the facilities can proceed and the project can be brought into commercial operation.

James Delorme Alterra Power Toba Montrose

Donald McInnes

About Upper Toba Hydroelectric Project

Toba Montrose

Toba Montrose Sliammon

Cautionary Note regarding Forward-Looking Statements and Information

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws, which may include, but is not limited to, statements with respect to future events or future performance, the fulfillment of all conditions precedent to the obligation of the parties under the agreements, required consents and third party approvals. This news release also contains statements with respect to our plans to expand our operations, management’s expectations regarding our growth, business prospects and opportunities and energy generation capacities. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. 

SOURCE Alterra Power Corp.

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