Powder River Basin Gas Corp.

Powder River Basin Gas Corp.

March 01, 2005 07:00 ET

Powder River Reports on Status of Springhill Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: POWDER RIVER BASIN GAS CORP.

OTC Bulletin Board SYMBOL: PRVB

MARCH 1, 2005 - 07:00 ET

Powder River Reports on Status of Springhill Project

CALGARY, ALBERTA--(CCNMatthews - March 1, 2005) - Powder River Basin Gas
Corp. (OTCBB:PRVB)

Company Takes Project from Acquisition into Production in Record Three
Month Time Frame

Powder River Basin Gas Corp., a revenue generating producer and acquirer
of crude oil and natural gas, today announced that four of the Company's
wells on the Springhill Louisiana project are in production as of
February 28th. The fifth well was scheduled for re-work commencing
February 24th but has been delayed due to heavy rainfall in the area
which prohibits the moving of heavy equipment. Re-work will start as
soon as weather permits.

A daily production report per well is not yet available as the wells
have been added during the month and it requires approximately 30 days
to accurately estimate production.

The combined wells produced over 600 barrels of oil during February.
Taking into account that for the first ten days to two weeks the wells
may be producing water until oil flows, the combined production is a low
estimate, but one with which the Company is more than satisfied.

"Power River acquired the property in November, 2004 and within three
months completed site preparation, set up the infrastructure and is now
producing and selling oil. We expect to continue this trend of executing
expeditiously on projects of this and larger magnitude," stated Brian
Fox, CEO.

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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Powder River Basin Gas Corp.
    Patrice Nazareno
    Investor Relations
    Toll Free: 1-866-515-7708
    www.powderrivergascorp.com
    or
    DeMonte Associates
    Cynthia DeMonte
    Public Relations
    (212) 605-0525