US Natural Gas Corp Acquires 220 Acres of Leaseholds and Eleven Previously Drilled Wells in Hart County, Kentucky

ST. PETERSBURG, Fla., July 21 /PRNewswire-FirstCall/ -- US Natural Gas Corp (OTC Bulletin Board: UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to announce that it has recently acquired two leaseholds totaling approximately 220 acres of mineral rights in Hart County, Kentucky. Included on these two leases are two producing wells and nine wellbores ranging from 800-1900 feet in total depth.

Through its wholly owned subsidiary, US Natural Gas Corp KY, the Company plans to initiate the rework and completion of five of the wellbores after e-logs and down hold camera evaluations are completed. Two of the acquired wells are currently in production and produce on average 1-2 BOD. The Company has sold the initial production from these wells since the closing of the transaction. The Company maintains on average a 90 percent working interest in each of the wells.

"We are excited to add to our leasehold base and producing properties in Kentucky," stated Wayne Anderson, President of US Natural Gas Corp.  "The acquisition related costs and capital expenditures required to place the wells into production provide an attractive rate of return for the Company.  We will continue to actively seek to acquire and develop additional oil properties in Kentucky."

About US Natural Gas Corp

US Natural Gas Corp is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia. www.usnatgascorp.com

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009.

Contact:

Del Mar Corporate Consulting, LLC

Ph: 760-448-4081

www.delmarcorporate.com

SOURCE US Natural Gas Corp