PRESS RELEASE FOR THE LEASE AUCTION HOUSE

FOR IMMEDIATE RELEASE

LAND AND MINERAL OWNERS NOW HAVE MORE LEASING OPTIONS

Fort Worth, Texas, July 24, 2008- The Lease Auction House LP will give land and mineral owners a new option when it comes to signing an oil & gas lease. Based in Fort Worth, Texas, The Lease Auction House specializes in helping land and mineral owners receive the best terms possible when leasing their land.

The company utilizes a competitive online auction site for landowners to lease their land to the highest bidding oil and gas company. "We saw a need in the marketplace for landowners to have a company assist them in the leasing process," CEO Rhett Bennett says, "not only to ensure that they sign a fair lease, but also to use our auction process to make sure that they receive the highest signing bonus possible."

So far, landowner response has been overwhelming. Taylor Green, The Lease Auction House’s Director of Business Development, says "Every landowner I have spoken with so far is very excited about our services. Many landowners need answers when it comes to oil and gas leases, and they also want to know that they are getting the best deal they can."

The Lease Auction House anticipates holding monthly lease actions. The company is already working with landowners across the country, with heavy interest from states such as Louisiana, Texas, Arkansas, Pennsylvania, West Virginia, and New York. Landowner response has validated the company’s belief that a highly competitive auction environment for leasing could help landowners and change the traditional leasing process.

CONTACT FOR MORE INFORMATION

Taylor Green
Director of Business Development

The Lease Auction House LP
500 Main Street, Suite 1000
Fort Worth, TX 76102
Phone: (817)698-9901
Fax: (817)698-9902

Email: taylorgreen [at] leaseauctionhouse [dot] com
Website: www.leaseauctionhouse.com