Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

May 11, 2006 14:48 ET

Powder River Continues Aggressive Development in Goliad County

CALGARY, ALBERTA--(CCNMatthews - May 11, 2006) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced that it has commenced work on the second phase of development on the Weesatche Project in Goliad County, Texas.

Work has started on the drilling preparation for the next two wells, the Stumfoll #1 and Stumfoll #2.

Drilling is scheduled to start on May 18th and is expected to take approximately one week per well, with completion to production in the next several weeks.

These wells are anticipated to compare to the J.P. Green #1 well which was drilled in February 2006 and is currently producing at 1600 mcf gas per day.

The Weesatche project is scheduled for the completion of 14 wells in 2006, of which one is already completed and in full production.

"With the success of the J.P. Green #1 we are very optimistic about the potential of these wells, and are thrilled with the efficiency on the continuation of development on the Weesatche project. I am extremely excited about the future revenue potential of the Weesatche project," 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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