PrimeGen Announces Appointment to Board

Pacific Basin Transportation: Fuel transportation & distribution Prior to joining Oxbow, Mr. Mustafoglu was with J. Paul Getty's Getty Oil Company, where he was Vice President of Finance for Getty Oil Canada, which became part of Texaco in 1984. Mr. Mustafoglu started his career in the oil business as a geophysicist with Shell Oil Company in 1974.

Mr. Mustafoglu is the author of various articles dealing with risk in business, including the groundbreaking research on quantification of political risk published in his articles, "Forecasting Political Risk," "Integration of Sudden Expropriation Risk into Project Economics" and "Comparison of International Petroleum Tax Systems."

Mr. Marshall, the Chairman stated, "The Board of PrimeGen is proud to welcome an individual with the breadth of experience and record of business success possessed by Mr. Mustafolgu. The contribution that he will make to PrimeGen and the leadership that he will bring to the management team bodes very well for our oil and gas company and the rapid growth 'by bit' that we expect."

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 the completion of the share cancellation, the completion of the acquisition of Star Energy, Inc.'s interest in the Franklin Field, drilling and/or success in Kansas, drilling and/or success in Arkansas, and the completion of the acquisition of MB Gas Inc.

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 for the 2005 fiscal year, 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

Investor Information: 214.459.1217

SOURCE:  PrimeGen Energy Corporation