JMG Exploration Inc.

JMG Exploration Inc., Calgary, (NYSE: JMG) is seeking strategic alternatives for the company. JMG has more than 80,000 gross acres (40,000 net) in Wyoming, North Dakota and Utah, with an average 64% working interest in a section in the Pinedale area of Wyoming, and involvement in an oil discovery in the Midale formation in northern North Dakota with approximately 12 additional development locations. Total production is approximately 100 barrels of oil equivalent per day. For more information, contact Justin York, 626-310-0482.