(PRLEAP.COM) Goliad County, Texas And Tulsa, Oklahoma – November 9, 2007 – Energy growth stock company Powder River Basin Gas Corp. (Stock Symbol: PRVB), a high growth crude oil and natural gas producer, marketer and property acquirer currently developing projects in Louisiana, Oklahoma, Texas, and Wyoming recently announced several key developments.

Visit http://www.emergenews.com/prvb.htm for more information, links to news and stock quotes from Yahoo Finance and Dow Jones MarketWatch. The Powder River Basin Gas corporate website is at http://www.powderrivergascorp.com .

Powder River Basin Gas Corp. (PRVB) net revenues from oil and gas sales for the first six months of 2007 increased to $1,566,833 from $795,797 for the first six months of 2006. This represents an increase of $571,036 or approximately 71.8% over the previous year. They also had net revenues from working interest sales of $9,540,843, an increase of $325,843 or approximately 3.5% over the same period of 2006.

The Company produced a net profit of $6,813,727 before income taxes for the first six months of 2007. This represents a Basic Income Per Common Share of $0.04. PRVB stock is currently trading below $0.25 per share.

Continued Expansion And Growth Increase High Return Stock Investment Potential: In October sixteen wells on the PRVB Weesatche project in Goliad County, Texas were completed and placed in the production stream. Initial production rates are estimated at 3800 mcf gas per day. Also the first well in a 25 well drilling program on their Biamante project in Goliad County, Texas has been completed and has been put into production. The oil and gas energy industry has designated this field the “Powder River Consolidated Field”.

At the October 30 shareholders meeting held in Tulsa, Oklahoma Directors Brian Fox, John Havelock and Mark Chang were officially voted in. The Company also received approval to move the domicile from Colorado to Oklahoma, and to change the Company name. Effective December 1, 2007, the Company will be Powder River Petroleum International Inc.

PRVB is currently carrying out a stock share buy back program. Repurchases will be made in the open market and through private transactions at the discretion of management. "I’m pleased to announce this share buy back program, as it is the opinion of myself and Powder River’s advisors that our shares are considerably undervalued. This is a Company with positive cash flows that is continuing to grow and expand into the oil and gas market through our production development and working interest-marketing program. I strongly believe that this program will be in the best interests of all Powder River investors and shareholders," stated CEO Brian Fox.


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.