General Gas Corporation

General Gas Corporation

June 23, 2008 14:58 ET

General Gas Corporation Appoints New Management Team

LAS VEGAS, NEVADA--(Marketwire - June 23, 2008) - General Gas Corporation (PINK SHEETS:GNGA) announces that a new management team has been appointed to assist the company in implementing and evaluating joint ventures and new projects. The team will emphasize new business development and will seek to add additional new talent to the Board. These potential new Board appointments are expected to be filled by individuals with significant oil and gas expertise.

Harry Lappa has assumed the duties of President, CEO, CFO and Director. He has a financial background and has worked extensively in the public markets. In so doing, he assisted companies in obtaining funding, and was responsible for defining and achieving targets as well as the establishment of financial controls. Mr. Lappa has many years of managerial and organizational experience and will be a valued asset to the company as it takes on new projects.

About General Gas Corporation (

General Gas Corporation strives to acquire interests in the properties of, and working interests in the production owned by, established oil and gas production companies, whether public or private, in oil producing areas of the United States. We believe such opportunities exist in the United States. We also believe that these opportunities have considerable future potential for the development of additional oil reserves. Such new reserves might come from the development of existing but as yet undeveloped reserves as well as from future success in exploration. When and if funding becomes available, we plan to acquire high-quality oil and gas properties, primarily proven producing and proven undeveloped reserves. We will also explore low-risk development drilling and work-over opportunities with experienced, well-established operators.

On Behalf of the Board of Directors,

Harry Lappa, President

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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