Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

January 25, 2007 07:01 ET

Powder River to Expand Into Canadian Energy and Oil Sands Market

CALGARY, ALBERTA--(CCNMatthews - Jan. 25, 2007) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced they are embarking on an initiative to investigate opportunities in the Canadian energy market, including the oil sands.

The Canadian oil sands are one of the world's largest hydrocarbon resources, reportedly containing recoverable crude bitumen reserves in excess of 315 billion barrels. Production from the Canadian oil sands currently exceeds one million barrels per day, and forecasts have predicted an excess of three million barrels per day within the next decade.

The Canadian energy market, and especially the oil sands represents a significant growth opportunity for Powder River Basin Gas Corp. The Company is currently seeking opportunities that can generate positive returns as well as increase exposure within this market.

"The potential for Powder River in the Canadian oil sands market is an extremely exciting opportunity for the Company as well as our investors and shareholders. Additional visibility in the Canadian marketplace will compliment our current operations and marketing program, and reflects the international trend set for Powder River for the next several years," 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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