SOURCE: Plateau Mineral Development, Inc.

November 24, 2008 08:30 ET

Plateau Mineral Development, Inc. Announces Commencement of Production Enhancement Program

WINSTON-SALEM, NC--(Marketwire - November 24, 2008) - Plateau Mineral Development, Inc. (PINKSHEETS: PMDP), along with its partner, Plateau Mineral Development LLC, is pleased to announce that with the input of additional funds from an investment team based in Colorado, the company will begin the gas production enhancement program immediately with the first wells completed by Thanksgiving.

PMD estimates that the increase in production will be forty MCF per day from the 4768 well and 30 MCF per day from the 4349 well. 1.0 MCF equals 1000 cubic feet. For example, at 1050 BTU/CF, 1.0 CF equals 1050 deca-therms, which are the units upon which sellers are paid. 1000 BTU/CF is the standard against which buyers measure the heat content of the gas. If the measurement is above 1000 Btu/CF, a premium is paid. Conversely, if the measurement is below 1000 BTU/CF, a discount or penalty is applied, resulting in a lower revenue.

Robert Matthews, President of Plateau Mineral Development, states, "The enhancement program, made possible by our investment team, will give us the opportunity to increase production significantly. Several existing wells on the PMD lease were never treated for production from the two primary pay zones, the Monteagle and the Chattanooga shale. In terms of reservoir depletion, those wells are practically new. Fortunately, the means of getting the gas to market are in place and the current production costs are limited to treatment and well-head equipment. Therefore, this enhancement program is yet another step in the right direction for PMD."

About Plateau Mineral Development, Inc.

Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. Currently it is concentrating its efforts in Morgan County, Tennessee. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil. Its current priority is to complete its compressor station to sell its gas production more consistently at top market prices through its own tap (the Morgan #4) for direct sales at top market prices. The project is scheduled for initial production in November 2008.

Safe Harbor Statement:

This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

Contact Information