SOURCE: Sun River Energy, Inc.

May 01, 2007 09:00 ET

Sun River Energy, Inc. Announces Drilling to Commence on New Mexico Property

WHEAT RIDGE, CO -- (MARKET WIRE) -- May 1, 2007 -- Sun River Energy, Inc. (OTCBB: SNRV) announces that it has fully subscribed its Sun River #1 Drilling Fund for a total subscription of $480,000 to drill at least 2 coal bed methane wells on its leases in Northern New Mexico in Colfax County. These wells will offset a well approximately one mile north that was originally drilled by Wesport Resources and was showing gas even without a frac stimulation. Sun River believes that drilling these wells will help it establish the nature of any resource in the area of its leases.

Drilling is expected to begin immediately.

Sun River has over 10,000 gross acres in the Raton Basin in Colfax County, New Mexico, upon which it believes there lies potential for coalbed methane production. This acreage is a combination of leases and fee mineral ownership. In addition Sun River holds over 120,000 gross acres of fee minerals in Colfax County, New Mexico, upon which it intends to conduct exploration this year on selected parcels. The company already has one gas prospect with a strong geochemical indication in Central Colfax County, south of Raton, NM.

About Sun River Energy, Inc.

Sun River Energy, Inc., a development stage company, engaged in the exploration and development of oil and gas properties in the United States. Sun River Energy's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. As well, Sun River aims to define larger projects that can be developed with joint venture partners. Sun River is confident that these viable opportunities exist in a sector that holds long-term fundamental growth opportunities.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.

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