Endeavor Power Corp.
OTC Bulletin Board : EDVP

Endeavor Power Corp.

April 30, 2009 14:10 ET

Endeavor Power Signs Letter of Intent for Acquisition of Working Interest in Oil & Gas Lease in Bexar, Texas

KENNESAW, GEORGIA--(Marketwire - April 30, 2009) - Endeavor Power Corp. (OTCBB:EDVP) is pleased to announce that it has entered into a Letter of Intent with General Gas Corporation for the acquisition of a working interest in an oil and gas lease located in Bexar County, Texas and known as the Beck Lease.

The lease covers over 279 acres, has 3 wells already in production and 6 additional wells that should soon be in production. All 9 wells will be stimulated as part of the re-work program. The wells on the Beck Lease are being reworked by a third-party operator.

Brandon Toth, CEO of Endeavor, stated that "We are excited about the prospects of this lease and look forward to moving ahead with this project as soon as possible."

A definitive joint venture is subject to customary due diligence and negotiation of final terms acceptable to both parties. Additional information will be released as it becomes available.

For additional information about Endeavor Power Corp., please visit www.endeavorpowercorp.com.

About Endeavor Power Corp.

Endeavor Power Corp. is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States. Endeavor's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. Endeavor also aims to define larger projects that can be developed with Joint Venture partners.

Legal Notice Regarding Forward-Looking Statements

Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in filings on Edgar of other junior oil and gas exploration companies with the US Securities and Exchange Commission.

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