NuTech Energy Resources, Inc. announced that the company has received approval by its board of directors, and proceeds to finalize the acquisition of Emerald Operating and Rocky Mountain Exploration Wells, an operation comprised of 74 existing wells, and their underlying lease agreements. Moreover the company has taken ownership of an additional 2,000 wells in that territory, and is in the final stages of obtaining regulatory approval. The two thousand wells being acquired have been shut in for numerous years, and the equipment has been idle.

Once the wells are retrofitted and rehabilitated with any necessary pipeline repair, these properties have the potential of producing 100 MCF per day, per well. At a 5 year average baseline of just in the range of $4 per MCF, this could translate to right in the arena of $288,000,000 in gross sales, with a rewarding potential profit margin in the range of $180,000,000. he exclusive advantage that NuTech's proprietary patented technology provides, which makes the opportunity particularly advantageous, is the ability to produce natural gas at a much lower price point, enabling the Company to meet demand and prosper successfully, even when the competitor cannot afford to produce.

This provides NuTech with the opportunity to become a substantial contender, since the ability to produce gainfully in a down market allows the Company to sell natural gas profitably in every season. The company acknowledges that not all 2,000 wells will produce up to 100 MCF per day, however some of the wells referenced are expected to produce considerably more than 100 MCF. The numbers referenced are not official estimates, but only a forecast of reasonable potential results.

Ongoing forecasts of production will not be certified by the board of Directors of NuTech Energy Resources, Inc. until actual production results are analyzed.