SOURCE: Plateau Mineral Development, Inc.

November 19, 2008 08:30 ET

Plateau Mineral Development, Inc. Announces Contract With SPECTRA Energy

WINSTON-SALEM, NC--(Marketwire - November 19, 2008) - Plateau Mineral Development, Inc. (PINKSHEETS: PMDP), along with its partner, Plateau Mineral Development LLC, is pleased to announce that on October 31, 2008, the firm signed a contract with East Tennessee Natural Gas (ETNG), a division of SPECTRA Energy. An advanced contract price of $70,000.00 was paid to ETNG to close the deal. Completion of this contract will provide a fully operational meter station that monitors the natural gas for quality, heat content and any potential pollutants. In the event that the quality is not met, the meter controls within the station close the valve to the pipeline.

ETNG is currently in the process of ordering the long lead-time items such as the ABB gas chromatograph, the station monitor, control computer and other items, which will be used to manage the valve located at the Morgan #4 tap.

Estimated lead-time for completion is eight to twelve weeks because of the increased demand across the country for the ABB gas chromatographs, control computers, performance monitors and telemetry.

Robert Matthews, President of Plateau Mineral Development, states, "The contract between PMD and ETNG/SPECTRA is one we've been anxious to officiate. Now that we have and a deposit has been paid, we look forward to their work on our site."

About Plateau Mineral Development, Inc.

Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. Currently it is concentrating its efforts in Morgan County, Tennessee. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil. Its current priority is to complete its compressor station to sell its gas production more consistently at top market prices through its own tap (the Morgan #4) for direct sales at top market prices. The project is scheduled for initial production in November 2008.

Safe Harbor Statement:

This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

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