Laser Exploration, Inc. (LEI) Midland, Texas is pleased to announce the successful field testing of its' licensed laser technology - a newly developed and patented differential absorption lidar (DIAL) mid-infrared laser capable of detecting and quantifying methane (C₁), ethane (C₂), and probably propane (C₃) gases in the atmosphere of one(1) part per million volume (ppmv) over a one (1) mile distance. This "breakthrough" in mid-infrared "open path spectrometry" was achieved by OPHIR Corporation, Littleton, Colorado and Chimera Geophysical Corporation, Reno, Nevada and was primarily funded by the U.S. DOE-SBIR, the U.S.A.F.-Phillips Labs, and stockholders of LEI.

     LEI is engaged in the exploration for oil and gas reserves and will deploy the LIDAR oil and gas exploration system© to detect and quantify anomalous levels of C₁-C₃ gases in the near surface atmosphere which LEI believes are leaking directly upward from subsurface pressurized oil and gas fields. LEI predicts a success ratio of 1:2 for a new field discovery and a reserve finding cost of less than $1/BOE.

     LEI expects the LIDAR oil and gas exploration system© to find numerous stratigraphically trapped "giant" oil and gas fields still remaining undiscovered in the U.S. which could dramatically reduce our dependence on imported crude.

     LEI is currently buying lease options on a geologically prospective "area of interest" in Texas and will utilize the LIDAR oil and gas exploration system©. LEI expects the drilling of two (2) "wildcat" test wells before the year-end.

     For more information about LEI and its' LIDAR oil and gas exploration system©, contact www.laser-exploration.com, call 1-800- 323-2255 or fax 1-915-682-8936.