Alter Nrg Corp : Alter NRG Announces Closing Of The Sale Of The Fox Creek Coal Property For US$5 Million More »

CALGARY, Sept. 23, 2011 /CNW/ - Alter NRG Corp. ("Alter NRG") is pleased to announce it has closed the sale of its Fox Creek Coal leases for US$5 million.  Alter NRG intends to use the cash to maintain a strong working capital position on its balance sheet.

ABOUT ALTER NRG

Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. Alter NRG's vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and provide a wide variety of energy outputs - including liquid fuels like ethanol and diesel, electrical power, and syngas.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell Alter NRG securities or the solicitation of an offer to buy Alter NRG securities, nor is there to be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

For further information:

Mark Montemurro, Chief Executive Officer

[phone]  mmonte [e-mail]

Daniel Hay, Chief Financial Officer

[phone] [e-mail]