NAEG Reports Breakthrough for its
Wind and Solar Projects
April 25, 2007 /PRNewswire-FirstCall
FOREST HILLS, N.Y., Native American
Energy Group, Inc. (the "Company," or "NAEG") (Pink
Sheets: NVMG), an independent energy company, reported
today that the newly proposed construction of a
203-mile-long transmission line tying Alberta into
the U.S. power grid in Montana may be the solution
that allows NAEG to tap the potential for wind and
solar generation in Montana.
One of Native American Energy Group's
near-term goals is to begin joint- venturing renewable
energy projects on several Indian reservations throughout
Montana and the Northwest in which NAEG will serve
as Master Developer. NAEG has secured relationships
with cutting-edge solar and wind power technology
providers for the creation of wind farms and energy
parks. The Company found, however, that despite
a need for 100,000 megawatts of energy on the West
Coast, a problem impeding execution has been a severe
shortage of transmission line capacity.
Now, a company from the private sector
that was formed to finance large infrastructure
projects, developer, Montana Alberta Tie Ltd., is
proposing a "big, bulk power movement" type transmission
line that is capable of alleviating the backlog
of transmission capacity needs in Montana. Construction
could begin later this year, allowing NAEG to move
forward with its alternative green energy projects.
The following article, "Billion-dollar
boon: Montana Alberta Tie would open door to flood
of wind projects" by Karl Puckett was taken from
the Great Falls Tribune and can be seen at the following
link: http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20070422/NEWS01/70
4220302
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need to be copied/pasted into your Internet browser's
address field. Remove the extra space if one exists.)
"This is great news for NAEG," said
Raj Nanvaan, Chief Financial Officer of Native American
Energy Group. "If it goes through Montana, it concerns
us because the problem has been transmission line
capacity. If this succeeds here it will encourage
transmission development in other parts of the state
and other parts of the country, which is exactly
what we need for the successful implementation and
expansion that we have planned to serve the various
tribes, so this is critically important. The planning
and development of energy parks will provide energy
and revenues for NAEG, the technology companies,
as well as the tribes for generations to come."
NAEG's previous achievements can be
accessed on the Investor Relations page below: http://www.nativeamericanenergy.com/investorrelations.htm
About Native American Energy Group
Native American Energy Group (NAEG)
is a publicly traded independent energy company
based in New York trading under the symbol NVMG.PK.
The company specializes in acquiring and revitalizing
abandoned oil fields with substantial known reserves
in place, as well as, introducing energy alternatives
in Indian Country. Apart from existing fields, the
company has also aggressively acquired oil & gas
leases for new development overlying prolific areas,
which include the Bakken formation in the Williston
Basin.
Safe Harbor Statement: This News Release
may include forward-looking statements within the
meaning of section 27A of the United States Securities
Act of 1933, as amended, and section 21E of the
United States Securities & Exchange Act of 1934,
as amended, with respect to corporate objectives,
projections, estimates, operations, acquisition
and development of various interests and certain
other matters. These statements are made under the
"Safe Harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995 and involve
risks and uncertainties which could cause actual
results to differ materially from those in the forward-looking
statements contained herein. SOURCE Native American
Energy Group, Inc.