Monogram Energy, Inc. Shareholder Update

RICHMOND, TX, Jul 22 (MARKET WIRE) --
Monogram Energy, Inc. (PINKSHEETS: MGRN) is pleased to provide its
shareholders with an update of recent corporate events. The events listed
below represent milestones that further the Company's development into a
formidable participant in the exploding energy
industry.

April 30, 2008: Monogram Energy, Inc. announces its first sale from the 5
wells on the T.W. Martin lease located in Navarro County,
Texas.

May 6, 2008: Monogram Energy, Inc. announces it is taking steps to
begin the 15c2-11 process to provide transparency for its
shareholders.

June 2, 2008: Monogram Energy, Inc. announces 50% production capability
increase in Corsicana, Texas.

June 24, 2008: Monogram Energy, Inc. announces payment received from its
first sale of oil to Plains Marketing, LP, a national
concern specializing in the transportation, storage and
marketing of crude oil.

July 7, 2008: Monogram Energy, Inc. announces completion of its issuer
services agreement with Pink OTC Markets Inc. (formerly
Pink Sheets). This action allows Monogram to provide
current disclosure to the marketplace.

July 14, 2008: Monogram Energy, Inc. announces that negotiations have
begun to acquire a 25% working interest in a well in the
Mayfield lease in Briscoe County, Texas. Laterals will be
drilled to increase the potential production to 80-90
barrels of oil per day.

July 16, 2008: Monogram Energy, Inc. announces it has reached agreement
in principle to acquire 25% interest in a re-work well in
the Williston Basin located in Montana. The well is
believed to have the capability to produce from 600 to
2000 barrels of oil per day. Also this agreement
solidifies a relationship that opens the door to 180
acres of prospects located in the Williston Basin.

July 21, 2008: Monogram Energy, Inc. announces it has entered into
negotiations to acquire a 25% working interest in a
rework well located in the North Dakota section of the
Williston Basin. Production potential is estimated at
1,200-1,400 barrels of oil per day. The Williston basin
represents one of the largest domestic oil finds in North
American history.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc.,
stated, "It is extremely rewarding to finally reap some benefits from our
efforts. We greatly appreciate our shareholders hanging in there with us
during this phase."

Mr. King became interested in the production of oil & gas during his ten
years of employment as an attorney for the Halliburton Company, and with
his representation of independent oil companies during his years as a
private practitioner. Monogram Energy's goal is to maintain a high
risk/reward profile, thereby enabling them to return the most value to its
shareholders.

About Monogram Energy, Inc.:

Monogram Energy, Inc. is an independent energy company engaged in the
acquisition, development, and exploitation of oil and gas properties. The
Company specializes in acquiring oil & gas leases with proven reserves
that have the potential for increased production.

Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University
School of Law, and has been in the field of oil & gas law in excess of
thirty years.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Except for historical information, the forward-looking matters
discussed in this news release are subject to certain risks and
uncertainties which could cause the Company's actual results and financial
condition to differ materially from those anticipated by the
forward-looking statements including, but not limited to, the Company's
liquidity and the ability to obtain financing, the timing of regulatory
approvals, uncertainties related to corporate partners or third-parties,
product liability, the dependence on third parties for manufacturing and
marketing, patent risk, copyright risk, competition, and the early stage
of products being marketed or under development, as well as other risks
indicated from time to time in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.

Additionally, this release may not be considered as legal, accounting, or
investment advice, and is not, and may not be considered, a solicitation
for the purchase of any securities issued by Monogram Energy, Inc.

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Please contact a Managing Member of MicroCap Management, LLC. Public
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listed below.

Contact:
Monogram Energy, Inc.
Billy D. King
3320 FM 359
Richmond, TX 77469
Phone: (281) 341-5255
Fax: (281) 341-1171
Email: info@monogramenergy.com
Website: http://www.monogramenergy.com/

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1768 Park Center Drive, Suite 325
Orlando, FL 32835
Phone: (407) 822-1110
Fax: (407) 822-1190
Email: info@themicrocaptimes.com
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