Alterra Power Appoints Jamie Bruce to Board of Directors

TSX : AXY

VANCOUVER, July 3, 2012 /PRNewswire/ – Alterra Power Corp. (TSX: AXY) is
pleased to announce the appointment of Mr. James Bruce to its Board of
Directors. Mr. Bruce is a senior partner of Capital West Partners, a
private Vancouver-based investment banking firm specializing in
investment advisory services. He is well-known as both a financial and
business leader and has served widely in public and private companies,
crown corporations and not-for-profit organizations, most recently as
Vice-Chairman of southern BC’s transporation authority and Chair of the
2010 Games Operating Trust. Mr. Bruce is a mechanical engineer and
certified management accountant and, as a Director of Alterra’s Board,
will also serve on the Board’s audit and governance committees.

Ross Beaty, Alterra’s Chairman, said, “I am very pleased that we have
attracted Jamie to our Board of Directors. I am confident that Jamie’s
experience in business and financial matters will serve the Company
well, and I look forward to working with him as we continue our growth
as a leading clean power company.”

About Alterra Power Corp.

Alterra Power Corp. is a leading global renewable energy company.  We
operate six power plants totaling 567 MW of capacity, including two
geothermal facilities in Iceland, a geothermal plant in Nevada, British
Columbia’s largest run-of-river hydro facilities and the province’s
largest wind farm. Our 298 MW share of production capacity generates
approximately 1,400 GWh of clean power annually. We have an extensive
portfolio of exploration and development projects, a skilled
international team of developers, explorers, builders and operators and
the financial capacity to support our growth plans.

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.