SOURCE: Paxton Energy, Inc.

July 19, 2006 12:00 ET

Paxton Energy Announces Appointment to the Board of Directors

CARSON CITY, NV -- (MARKET WIRE) -- July 19, 2006 -- Paxton Energy, Inc. (PINKSHEETS: PXTE) is pleased to announce Thomas Manz has been appointed to fill a newly-created position on the company's board of directors. He also will serve as a member of the audit, compensation, governance and nominating committees of the board.

Thomas Manz, 57, graduated in 1971 with a B.S. from Iowa State University. He has more than thirty (30) years of business experience in general management, sales, manufacturing and business strategies. His primary business of the past twenty-five (25) years has been real estate development. Mr. Manz has started, owned and operated numerous businesses in various fields gaining broad business acumen. Mr. Manz has served on both publicly listed and private Boards of Directors. He has experience as both a Director and Chair of various Board committees and as Chair of the Board of Directors. He has strong SOX experience, having served as Chair of the Audit Committee of a one billion dollar plus publicly traded National Bank.

Paxton's Chief Executive Officer and Chairman Robert Freiheit stated, "We are very pleased that Tom has agreed to join our board. He has a distinguished background as a board member with many successful companies and is a recognized authority in corporate governance issues as well as being an expert in financial statement matters."

About Paxton Energy, Inc.

Paxton Energy, Inc. is an energy Exploration Company specializing in the acquisition of participation interests in natural gas and oil prospects with significant reserve potential in North America. Paxton has up to 31.75% working interest in the Cooke Ranch 8884 acre field and up to 75% working interest in the Cooke Ranch within the AMI. For further information, please visit the Company's website at http://www.paxtonenergyinc.com

THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE DRILLING OR OTHER EXPLORATION OR DEVELOPMENT RESULTS, THE ACTUAL PRESENSE OR RECOVERABLITY OF ESTIMATED RESERVES, THE ABILITY TO ESTABLISH RESERVES EQUAL TO THE POTENTIAL OF EXPLORATION TARGETS, PRODUCTION AMOUNTS OR REVENUES, DRILLING AND EXPLORATION COSTS OR SCHEDULES OR SIMILAR MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.

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