Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

September 06, 2007 07:00 ET

Powder River Announces Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - Sept. 6, 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 will be holding a shareholder meeting on Tuesday, October 30, 2007. This meeting will take place at 10:00 am at the Holiday Inn Select, located at 5000 Skelly Drive in Tulsa, OK.

The Company will take this opportunity to address several items, including a Company name change, and a change of domicile from Colorado to Oklahoma. The change of domicile will result in a substantial tax savings for Powder River, as Oklahoma has a maximum Franchise Tax of $20,000 USD per year. As well, the Company currently has no business interests in Colorado, and has no prospects for such in the foreseeable future.

The Company will undergo a name change to Powder River Petroleum International Inc. This name change would better reflect the international direction that the Company has been moving in over the last few years and into the future.

Powder River will also take this opportunity to introduce the new officer and members of the Board of Directors, who have been identified in earlier news releases.

Proxies will be sent out over the next week, and Powder River requests that shareholders sign and return these as soon as possible.

"This is a positive move for investors and shareholders in Powder River. As we continue to grow and move forward, I feel this is a great step to increase the profile and visibility of the Company," stated Powder River Basin Gas Corp. CEO, Brian Fox.

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.

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