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mike_t

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Friday, 02/02/2007 9:04:44 PM

Friday, February 02, 2007 9:04:44 PM

Post# of 33904
Tuesday big meeting ... NAEG Receives Invitation From Oglala Lakota Nation
Source: Business Wire
Publication date: 2007-01-08


Native American Energy Group, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), today announced that it has been very graciously extended an enthusiastic invitation to present an outline and plan of action to address the drastic housing shortage on the Oglala Lakota Nation by construction of energy-efficient housing communities on their Reservation. Eileen Janis, Vice President of the Executive Board & Director of the Oglala Lakota Nation Housing Committee personally extended the invitation following extensive talks with NAEG management. The meeting is scheduled for February 6, 2007 in Pine Ridge, South Dakota.
CEO, Joseph D'Arrigo stated, "NAEG, of course, comes equipped with the license it was recently granted and the technology to build safe, decent, affordable, energy-efficient homes on all federally recognized U.S. Indian reservations through its joint-initiative with homebuilder, Eurowest Panel Homes Ltd."

"We use, and encourage the use of non-renewable resources, wherever possible, on the reservations such as oil & gas to fund renewable energy systems that will provide energy and revenues for generations to come. It is this approach to energy development in Indian Country that has led to the overwhelming support for our Company from both U.S. and International Organizations dedicated to economic development and politicians on both the state and federal levels," stated D'Arrigo.

Of all the reservations in the Dakotas, Pine Ridge is the one most noted on the National level. It is the second-largest Native American Reservation within the United States, home to approximately 40,000 persons. Unfortunately, according to Oglala Lakota Vice President Eileen Janis, there is a desperate need for at least 1200 houses and an extensive waiting list of as many as 15,000 enrolled tribal members waiting to return to the reservation. The following link to "Life and Conditions on the Pine Ridge Oglala Lakota (Sioux) Reservation of South Dakota" is provided for a more complete reference:

http://www.linkcenterfoundation.org/id24.html

The statistics and demographics below are from this report and give an idea of how life is on the reservation. As well, it paints a picture of the potential for housing, energy, etc. for Native American Energy Group.

Housing Conditions and Homelessness

The small BIA/Tribal Housing Authority homes on the Pine Ridge Reservation are overcrowded and scarce, resulting in many homeless families who often use tents or cars for shelter. Many families live in old cabins or dilapidated mobile homes and trailers.

The report also states that 26% of the housing units on the Reservation are mobile homes, often purchased or obtained (through donations) as used, low-value units with negative-value equity.

In a recent case study, the Tribal Council estimated a need for at least 4,000 new homes in order to combat the homeless situation.

There is an estimated average of 17 people living in each family home (a home which may only have two to three rooms). Some larger homes, built for 6 to 8 people, have up to 30 people living in them.

Over-all, 59% of the Reservation homes are substandard.

Over 33% of the Reservation homes lack basic water and sewage systems as well as electricity.

Without basic insulation or central heating in their homes, many residents on the Pine Ridge Reservation use their ovens to heat their homes.

Many Reservation homes lack adequate insulation. Even more homes lack central heating.

It is reported that at least 60% of the homes on the Pine Ridge Reservation need to be burned to the ground and replaced with new housing due to infestation of the potentially-fatal Black Mold, Stachybotrys. There is no insurance or government program to assist families in replacing their homes.

39% of the homes on the Pine Ridge Reservation have no electricity.

Raj Nanvaan, Chief Financial Officer of Native American Energy Group wished to make the following statement:

"Over the course of the last 6 years, Native American Energy Group and its founders have visited many reservations across the United States and it is living conditions such as these that have contributed to our ideology of assisting Native American tribes with their energy needs, and to help them to obtain a state of independence. Native Americans are the second largest landowners in the U.S. after the Federal Government. If we help them develop their economy and satisfy their real needs like housing and health care, this is what promotes a trustworthy and prosperous relationship between our Company and the tribal communities, nationwide, and sets the foundation for further energy development in the U.S., such as Oil & Gas, and the implementation of renewable energy systems such as Wind, Solar and Geothermal Energy. The energy created from such systems can provide energy to the reservations, and the excess energy can be sold to the local utility, thus creating additional revenue for the tribes and Native American Energy Group."

NAEG's previous achievements can be accessed on the Investor Relations page: http://www.nativeamericanenergy.com/investorrelations.htm

Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

Publication date: 2007-01-08


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