USEG - Uranium Power Corporation Message Board

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Gold/Mining/Energy : USEG - Uranium Power Corporation

USEG 1.160

-6.3%

Nov 3 3:59 PM EST

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To: jmhollen who started this subject	1/21/2003 1:24:47 PM
From: jmhollen	of 72

PNG Ventures Inc. Completes It's First Acquisition NANAIMO, British Columbia--(BUSINESS WIRE)--Jan. 21, 2003--PNG Ventures Inc (Pink sheets:PNGV) Alan Brown, President of PNG Ventures Inc (the "Company" or "PNGV") is pleased to announce that the Company has earned it's 12.5% working interest before payout and a 9.375% working interest after payout in Uranium Power Corporation's ("UPC" or "Operator") (OTCBB:URMP) Athabasca and Firebag Oil prospects. Alan Brown states "We are extremely delighted to be involved in this project of historical significance with UPC. This last month's drilling program has validated a number of Warren Hunt's predictions and the soon to be conducted testing phase should prove to be a monumental period for both the project and its partners." In addition to its 12.5% interest in UPC's project, PNGV is aggressively pursuing oil & gas properties which will add immediate cash flow. The company shall continue to release further information on receipt of same. CONTACT: PNG Ventures Inc. Giuliano Tamburrino, 403/297-9238 or 1-877-999-9238 gtamburrino@shaw.ca or PFG Inc. Carl Marciniak, 949/852-1812 www.cbm-resources.com

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