SOURCE: PrimeGen Energy Corporation

March 29, 2007 16:10 ET

PrimeGen Energy Updates Kansas Project

DALLAS, TX -- (MARKET WIRE) -- March 29, 2007 -- PrimeGen Energy Corporation (OTCBB: PGNE) ("PrimeGen" or the "Company") owns a 90% participation right to plays resulting from the analysis of a proprietary database encompassing the geological analysis of approximately one million acres located in central Kansas, covering parts of Ellsworth, Salina, McPherson, Reno, Harvey, Kingman, and Sedgwick counties.

This project is the result of work performed by experts in petroleum geology in the Central Kansas Platform by making use of several distinct technologies, known collectively as the "RAM" process -- an innovative geophysical methodology used to highlight oil and gas deposits. Unlike 2-D and 3-D seismic methods, which gather information based upon artificially induced sonic responses recorded at the surface, RAM technology identifies "unique bright spots" by using proprietary computer software to process magnetic field data.

The information used to assemble the proprietary database was collected by a low-flying aircraft equipped with specialized equipment and then analyzed by RAM software. The "bright spot" anomalies were correlated with other apparent near-surface alterations caused by slow geochemical processes generally occurring at, or near, oil and gas deposits. The significant resulting anomalies are, in some cases, being confirmed using more traditional 2-D or 3-D seismic methods.

PrimeGen and its partners are continuing to analyze and share data in order to define the highest priority targets. Data may also be traded with prospect owners in order to earn various working interests in lands that meet acceptable development criteria. The Company and its partners intend to continue drill testing the most promising prospects.

William S. Marshall, Chairman of the Company, stated: "While our primary focus remains acquiring interests and partnering with operators and others exploring and developing promising areas like Fayetteville, we continue to move ahead in Kansas to identify attractive oil prospects contained in our proprietary database. Our strategy here is to accept a slightly greater risk which is offset by a combination of lower drilling costs and the potential for large discoveries that may have been overlooked by traditional exploration methods."

About PrimeGen Energy Corporation (OTCBB: PGNE)

PrimeGen Energy Corporation is assembling a portfolio of North American oil and natural gas plays selected for their existing or past production history or high upside exploration potential. PrimeGen Energy leverages its extensive network of contacts within the North American oil and gas community to acquire interests in leaseholds that either are in production, near to production, or demonstrate significant exploration potential. The Company is focused on some of the most commercially active and prospective oil and gas regions of Canada and the United States. Through smart acquisitions, advantageous partnerships, proven industry expertise and sound corporate management, PrimeGen is working to generate revenue, bankable reserves, self-sustaining production, and shareholder value.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include those relating to our Kansas and Fayetteville operations and any future benefits to PrimeGen.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD
PrimeGen Energy Corporation
William S. Marshall, Chairman

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