Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

November 05, 2007 07:00 ET

Powder River Announces Results of Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - Nov. 5, 2007) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced that all the resolutions and changes were approved by a majority of the shareholders.

Powder River received over 80% of the outstanding shares voting in favor of the amendments.

The Directors Brian Fox, John Havelock, and Mark Chang were officially voted in and the appointment of the auditors was approved. The Company also received approval to move the domicile from Colorado to Oklahoma, and to change the Company name. Effective December 1, 2007, the Company will be Powder River Petroleum International Inc. There will be no change in the existing share certificates at this time as they will eventually be phased into the new entity.

Powder River discussed the work in progress as well as some details about future endeavors. A monthly newsletter was announced which will be sent to the shareholders and working interest owners outlining the Company's progress and production numbers. While the first letter will be sent in November, it will be approximately three months before information on all projects is implemented. The Company also announced that a consolidated engineering report is currently being completed and these numbers will be published with the year end report.

"We are extremely pleased with the majority vote as well as the large turnout for the shareholder meeting. I wish to sincerely thank all shareholders and investors for their continued support, as well as the constructive comments which were received as we look forward to the continued growth of Powder River," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

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