CALGARY, ALBERTA -- (MARKET WIRE) -- 10/17/2006 -- Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced that CEO Brian Fox was recently interviewed by Eric David & Sons, a research firm dedicated to evaluating and incubating micro-cap corporations possessing significant growth potential.

To read the text of the interview, visit: http://www.ericdavid.com/newsletter/mailer/prvb101306.html

In response to questioning from Eric David & Sons, Mr. Fox highlighted several key points about Powder River Basin Gas Corp. Among these are updates on the San Juan Basin project, regarding which Mr. Fox stated, "We are still planning to start a re-work program prior to year-end." Mr. Fox furthered this statement by adding, "It is our plan to have a continuous five year marketing program and to have projects in inventory to continue our program."

Mr. Fox also commented on the next upward release of Proven Reserves data, saying that due to the East McFadden and Brookshire fields, "This will once again change the reserve PV 10% substantially." Much like the San Juan Basin project, these projects "place Powder River in the five plus year continuous marketing and development program."

Regarding the sale of any personal shares, Mr. Fox stated, "I have not sold a single share of PRVB. I feel the shares are considerably under market value, and I have no interest in selling at this price."

In regards to this interview, Eric David & Sons Senior Analyst Steve Weiss stated, "Powder River Basin Gas Corp. represents a tremendous investment opportunity for investors interested in both short and long term growth. Within a short period of time, the Company has generated significant revenues and positive earnings."

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

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

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.