Silver Ridge Power Inc. Files Amended and Restated Preliminary Prospectus for Initial Public Offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

ARLINGTON, VA, April 24, 2013 /CNW/ - Silver Ridge Power Inc. ("Silver Ridge" or the "Company") today announced that it has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with a proposed initial public offering (the "Offering") of its Class A common shares. A copy of the amended and restated preliminary prospectus will be available on SEDAR (www.sedar.com).

The Offering is being co-led by RBC Capital Markets, BMO Capital Markets and Goldman Sachs Canada Inc. and includes CIBC, National Bank Financial Inc., Scotiabank, TD Securities, and Macquarie Capital Markets Canada Ltd.

The amended and restated preliminary prospectus amends the Company's preliminary prospectus dated April 4, 2013, and is subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the common shares in any province of Canada until a receipt for the final prospectus has been obtained from the securities commission or similar authority in such province. Completion of the Offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption there from. There shall be no sale of the common shares in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or a sale would be unlawful. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Silver Ridge in any jurisdiction.

About Silver Ridge Power Inc.

Silver Ridge is an independent power producer (IPP) that owns, constructs and operates utility-scale solar power generation plants. Silver Ridge owns 51 solar power plants in seven countries. The Company will have an installed generating capacity of 522 megawatts (MW), upon the commissioning of its 266 MW Mount Signal project, which is currently under construction, making it one of the largest global solar photovoltaic IPPs.

SOURCE: Silver Ridge Power Inc.

Becky Cranna
Chief Financial Officer
T: [phone]

Ross Marshall
T: [phone] ext. 238
E: [email protected]