Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

June 11, 2007 07:00 ET

Powder River Announces Progress in Berlin Exchange Delisting and Plans to Appoint Board of Directors

CALGARY, ALBERTA--(Marketwire - June 11, 2007) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has made progress in its attempt to have the unauthorized listing on the Berlin Exchange removed. The brokers who did the unauthorized listing have voluntarily agreed to remove their support immediately. Powder River's legal department is now aggressively pursuing the Berlin Exchange directly, and expects to have the matter brought to a satisfactory conclusion shortly.

This was a listing made without the knowledge or authorization of the Company's management, consultants or advisors. It has been determined to be extremely detrimental to the value of the Company's share price.

The Company also announced it has enacted a program to have selected members of its advisory group become active members of the Board of Directors. The process will take place over the next few months, and the Board is expected to be in place at the time of the shareholder meeting in August or September of 2007.

"While the action to have Powder River removed from the unauthorized listing in the Berlin Exchange has been very costly and time consuming, we felt it was absolutely necessary in order to protect the Company, its shareholders and investors. We will do everything possible see this matter through to a satisfactory resolution as quickly as possible," stated Powder River Basin Gas Corp. CEO Brian Fox.

Mr. Fox continued to say, "We are looking forward to completing the transition of setting up an active Board of Directors as Powder River continues to progressively move in a positive and profitable direction."

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

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.

Contact Information