WW Energy Signs Letter of Intent (LOI) For Producing Wells in Terry County, Texas.

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Tue Jan 22, 2008 6:00am EST

FARMINGTON, N.M.--(Business Wire)--WW Energy Inc. (Pink sheets: WWNG) - a holding company that was
created to acquire oil and gas service companies as well as oil and
gas-related assets - announced that the Company has signed a Letter of
Intent for the Producing Wells in Terry County, Texas.

   WW Energy Inc. has the opportunity to purchase a working interest
in the field mentioned above. This would give the company a cash flow
of approximately $500,000.00 per month. The total field is producing
approximately 2,150 bbls. of oil and 3,985 mcfd per day. More than 50
wells have been drilled since late 1999 with another two dozen wells
identified to drill so far, some being development wells, and some
wildcat. There were six wells newly completed and online as of
October.

   The portfolio is ideally suited for a company seeking new
exploration and development opportunities while enjoying strong cash
flows being generated from executed projects to date. Such a company
will appreciate the strategic ownership of critical pipeline
infrastructure, proprietary seismic data and participation in key
wells and leases.

   Forward-looking statements

   This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Statements in the release that are forward-looking statements are
based on current expectations and assumptions that are subject to
known and unknown risks, uncertainties, or other factors which may
cause actual results, performance, or achievements of the company to
be materially different from any future results, performance, or
achievements expressed or implied by such forward-looking statements.
Actual results could differ materially because of factors such as the
effect of general economic and market conditions, enter into markets
with vigorous competition, market acceptance of new products and
services, continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and income
to fall short of anticipated levels. All information in this release
is as of the date of this release. The company undertakes no duty to
update any forward-looking statement to conform the statement to
actual results or changes in the company's expectations.

WW Energy Inc.
Olin Glover, 505-326-1322

Copyright Business Wire 2008
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