Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

November 17, 2005 12:48 ET

Powder River Announces $250 Million Marketing Agreement

CALGARY, ALBERTA--(CCNMatthews - Nov. 17, 2005) - Powder River Basin Gas Corp. (OTCBB:PRVB) a revenue generating producer and acquirer of crude oil and natural gas, is pleased to announce it has entered into an extended marketing agreement with an Asian Financial Group. This guarantees to provide $250 million over five years, in purchases of working interests in oil and gas properties. This agreement provides an option of an additional 10 years, breaking down to two five year terms of $250 million each.

The long term agreement was entered into predicated on the tremendous success of the strategic acquisition and marketing program brought to Powder River Basin Gas Corp. with the new management in January of 2004.

This extended agreement will allow Powder River Basin Gas Corp. to negotiate larger acquisitions and provide the capital necessary to develop the projects and to maximize production without debt financing.

It also provides the Asian Financial Group with a steady cash flow stream for the economic life of each project.

"I was honored to celebrate the third anniversary of the program with our many friends and associates in Asia, and am humbled by the excitement and enthusiasm created by the program's success. It is with this same enthusiasm that I look forward to expanding the operations of Powder River Basin Gas Corp. beyond the success the Company enjoys today," stated CEO Brian Fox.

Powder River Basin Gas Corp. is active in production and acquisition of crude oil and natural gas.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.


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