/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES/

TSXV - NRG

CALGARY, Dec. 3 /CNW/ - Alter Nrg Corp. (the "Company" or "Alter Nrg") is pleased to announce that, further to its press releases of November 12 and November 16, 2007, Coghill Capital Management, LLC., investing on behalf of its clients, ("Coghill"), has exercised the entirety of its previously issued warrants and thereby acquired 2,202,643 additional common shares of the Company for gross proceeds of approximately $5 million. Upon completion of the warrant exercise the Company will have 45,600,673 common shares issued and outstanding. As previously announced, the proceeds will be used by the Company to fund ongoing project development, and working capital. The common shares issued are subject to a four month statutory hold period commencing November 16, 2007.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Company's common shares in any jurisdiction. The Company's common shares will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. person, absent registration, or an applicable exemption therefrom.

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.