SOURCE: Nevtah Capital Management Inc.

March 20, 2007 15:54 ET

Nevtah/Black Sands Dispatch Crew to Whiterocks Deposit to Prepare Lease for Production in Utah Oil Sands

PALM BEACH GARDENS, FL -- (MARKET WIRE) -- March 20, 2007 -- Nevtah Capital Management (PINKSHEETS: NTAH) and its joint venture partner, Black Sands Energy, today announced that they have dispatched an operating crew to initiate the permitting process and to prepare the lease for production on their recently acquired Whiterocks Deposit lease in the Utah Oil Sands. (See Press Release dated December 21st, 2006.)

The Company's crew will implement a core drilling program to determine the richest areas of sands closest to the surface for its mining operations. Today's assignment of the crew to Whiterocks is in preparation for the arrival of the Company's mobile production unit, which is currently being dismantled in Oklahoma for shipment to Utah. The privately held Whiterocks Deposit, an 840 acre resource, is situated 27 miles north of Roosevelt in Duchesne County and is 30 miles northwest of Vernal, Utah. The lease is a significant resource and a subject of several independent reports which estimate that it contains over 100 million barrels of oil in place. (1985 Petersen Report). One of the features of the deposit is that it is extremely accessible, with graded roads from Vernal and the town of Whiterocks.

The joint venture partners' patented, closed-loop production process uses benign, non-toxic solvents, which are recycled in a closed-loop system so that both cost and environmental impact issues are dealt with, has been developed and enhanced since the late 1990s. Direct mining and extraction costs are estimated at $12.00 to $13.00 USD per barrel, which offers payouts similar to conventional oil drilling.

For more information, please contact Paul Davey, Investor Services (778) 389-0915, or email:, or Daniel P. Kesonen, President & CEO, Nevtah Capital Management Corp. (561) 626-9901. Visit the Company's website at:

Nevtah Capital Management adheres to the provisions, regulations and specifications of the Safe Harbor Act.

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