Tatonka Oil and Gas Inc. (TTKA) Announces Merger Completion, Corporate Name Change, and Corporate Developments

DENVER - Tatonka Oil and Gas, Inc. (OTCBB: TTKA) has completed its merger with New Pacific Ventures (OTCBB: NPFC - News). As a result of the merger, the combined entity is incorporated under the company name Tatonka Oil and Gas, Inc., and began trading under the new stock symbol (TTKA).

Tatonka Oil and Gas, Inc. is an independent oil and gas company focused on the exploration and development of unconventional oil and gas resources. The Company's lease assets are centered in the Rocky Mountain region, and include both coalbed methane (CBM) and fractured shale prospect areas.

The company commenced oil and gas operations on March 5, 2004, with the purchase of oil and gas leasehold interests in several properties. On October 30, 2006, the Company completed a private placement offering for $5 million. The primary use of these funds will be for the first phase in the drilling and exploration of these projects. The Company plans to initiate drilling in December 2006.

Net leased areas include over 15,000 acres for CBM in the Sand Wash Basin of northwestern Colorado, and over 23,000 acres for fractured shale in the Powder River Basin of northeastern Wyoming. As part of Tatonka's business model, the Company continues to identify and acquire acreage positions in unconventional resource plays.

The Company has appointed Brian Hughes as Chairman and Chief Executive Officer. This appointment comes as a result of Mr. Hughes' numerous successes in the exploration and production of natural gas from unconventional resources. Additionally, the Company has a team of oil and gas industry-leaders with a combined experience base of more than 120 years.

The Company is currently in the process of developing two projects: the Sand Wash project and the Powder River project. Combined, these two properties represent more than 39,000 net leased acres. The Sand Wash project has an estimated CBM resource of 1.4 TCF and contains other potential fractured shale resources.

About Tatonka Oil and Gas, Inc.

Based in Denver, Colorado, Tatonka Oil and Gas, Inc. is focused on the exploration and development of coalbed methane in the Rocky Mountain Region.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our periodic filings with the SEC, File No. 0-50190, which are available from us at 1515 Arapahoe Street, Tower 1, 10th Floor, Denver, Colorado 80202. You can also obtain these forms from the SEC by calling 1-800-732-0330.

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Tatonka Oil and Gas, Inc. and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-KSB, Quarterly Reports filed on Form 10-QSB, and subsequent filings with the Securities and Exchange Commission. Tatonka assumes no obligation to update the information contained in this press release.

Contact:

Tatonka Oil and Gas Company, Inc.
Sothi Thillairajah, CFO
303-476-4100
www.tatonkaong.com

Source: Tatonka Oil and Gas, Inc.

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