SOURCE: Pradera Energy Corp.

March 27, 2008 09:15 ET

Pradera Energy Corp. Provides Update

NEW YORK, NY--(Marketwire - March 27, 2008) - Pradera Energy Corp. (PINKSHEETS: SGGC), an emerging oil and gas company, is pleased to give shareholders an update on the previously mentioned corporate name change.

The company has completed its re-domicile to Florida from Delaware. The company has obtained its new CUSIP number and has submitted documents for the new trading symbol. We have received a follow-up response and are currently processing additional documents required to make the final changes and receive a new ticker symbol.

About Pradera Energy Corp.

Pradera Energy is an emerging oil and gas company whose core business is to evaluate profitable oil and gas lease options, build a solid foundation of assets through acquisition of land and leases, and explore and develop opportunities on these prolific properties.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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