ALTER NRG CORP. ANNOUNCES $1.2 MILLION ENGINEERING SERVICES AGREEMENT FOR THE
TEES VALLEY RENEWABLE ENERGY FACILITY

TSX - NRG
OTCQX - ANRGF

CALGARY, Oct. 27 /CNW/ - (TSX: NRG; OTCQX: ANRGF) Alter NRG Corp. ("Alter NRG" or the "Company") is pleased to announce that it has signed an Engineering Services Agreement with Air Products for $1.2 million. 

Under the terms of the agreement, Alter NRG will provide a Plasma Gasifier Process Design Package ("PDP") to be incorporated into the plant-wide engineering and design efforts associated with Air Products' proposed Tees Valley Renewable Energy Facility in Northeast England.  The engineering services work by Alter NRG has already commenced and the final deliverables with respect to the agreement are due in the first quarter of 2011.

On July 20^th, 2010 Air Products publicly announced the proposed Tees Valley project stating "the UK continues to dispose of large volumes of waste to landfill, some of which could be converted to energy using technology such as advanced gasification. The technology proposed for Teesside provides an alternative solution to the disposal or incineration of waste, with a large percentage of the waste arriving to the site being diverted from landfill and used as a renewable energy resource."

Mark Montemurro, President and CEO of Alter NRG states that "we are pleased that the proposed energy from waste project has progressed to the advanced stages of engineering in the UK.  The PDP is typically the last stage of engineering we perform before a customer places a gasifier order.  This is the second PDP we have commenced in the last two months illustrating that Alter NRG's pipeline continues to mature."

ABOUT ALTER NRG
Alter NRG is pursuing alternative energy solutions to meet the growing demand for environmentally responsible energy in world markets. The Company's vision is to commercialize growth technologies through environmentally sustainable and economically viable alternative energy projects. The Company's objectives are twofold; First, is to further commercialize the Westinghouse Plasma Gasification Technology, a wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and providing a wide variety of energy outputs - including  liquid fuels like ethanol and diesel, electrical power, and syngas;  Second, to capitalize on the rapidly growing geoexchange residential and commercial heating and cooling market through a wholly owned subsidiary CleanEnergy that enables consumers to reduce their carbon footprint and reduce the cost and volatility of energy bills using the energy from the earth.

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

Advisory Respecting Forward-Looking Statements:
This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws.  The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements.  In particular, this new release contains forward looking statements pertaining to capital expenditures, schedules and commencement of operations of existing projects and projects under development; availability of project financing; timing of sales; industry trends; factors influencing capital investments and development activities; the Corporation's reputation and market position within the industries in which it operates and the Corporation's strategy and competitive advantages.  Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.

The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Corporation. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; unforeseen environmental effects; the completion of strategic partner's projects; arrangements with key suppliers; potential product liability and other claims; risks associated with the proprietary technology; the possible unavailability of financing at competitive rates and the related effect on development activities; changes in government regulation, including changes to environmental regulations; the effects of competition; the dependence on senior management and key personnel, and fluctuations in currency exchange rates and interest rates, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 29, 2010 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

The Corporation cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Corporation assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

For further information:

Mark Montemurro, President and Chief Executive Officer
[phone]           [email protected]

Daniel Hay, Chief Financial Officer
[phone]           [email protected]