2008-10-09-2008-09-09

To purchase 100% WI in 5,000 acres in Mississippi Interior Salt Basin.

Mainland Resources Inc., Houston, (OTCBB: MNLU) plans to acquire 5,000 net acres in Mississippi and drill the first test well to evaluate the potential Haynesville shale gas formation in the region from an undisclosed seller for an undisclosed price. Mainland will acquire 100% working interest (75% net revenue interest) in southwestern Mississippi within the Mississippi Interior Salt Basin. Mainland president Mike Newport says, "We have data that suggests the potential Haynesville shale in this region could be similar in nature to the gas-bearing Haynesville shale in northwestern Louisiana. Our geological team believes that this could be just as productive as the groundwork that's been laid in the Louisiana play." Mainland Resources is on schedule for its first Haynesville test well with joint-venture partner Petrohawk Energy in De Soto Parish, Louisiana. The Griffith No. 1-H well is stated in the agreement as having a target depth below 10,360 feet to test formations. Petrohawk, which will act as operator on the Griffith, has stated that the rig is on schedule and set to spud the well and drill as planned in September.