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Press release from CNW Group

Alterra Power Announces Resignation of David O'Brien as a Director of the Company

Wednesday, May 23, 2012

Alterra Power Announces Resignation of David O'Brien as a Director of the Company17:00 EDT Wednesday, May 23, 2012VANCOUVER, May 23, 2012 /CNW/ - Alterra Power Corp. (TSX: AXY) announces the resignation of David O'Brien as a Director of the Company due to his taking a new role with KPMG, the Company's auditors.Alterra's Chairman, Ross Beaty, said, "David was a great Board member and we will miss his experience and insight. We wish him all the best in his new undertaking."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.For further information: Anders Kruus, Vice President, Corporate Relations Alterra Power Corp. Phone: 604.678.6743 Email: info@alterrapower.ca