Powder River Hires Drilling Company on Exclusive Basis

Canada - US Exploration sites
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Powder River Basin Gas has entered into an agreement with Energy Group of America Inc. for the exclusive provision of service rig equipment. The agreement also provides roustabout crews and all such equipment as is required for well completion and re-works.

The front end cost to Powder River Basin Gas Corp. is $275,000 payable by $100,000 cash and 500,000 shares of PRVB at $0.35 per share. All operating expenses will be billed on a 30 day contract. Agreement is effective February 15, 2006 for two years, with an additional two year option by mutual consent.

"This is very exciting as Powder River is now in a position to control the well completion schedule without having to experience the long delays often associated with waiting on outside services," stated Brian Fox, Powder River Basin Gas Corp. CEO.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.


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