Native American Energy Group Inc. (fka NAGP)

[VH Gambler]

Breaking News: NAEG Receives Approvals on Oglala Lakota Sioux Nation
03/30 12:38P
Mar 30, 2007 (M2 PRESSWIRE via COMTEX) -- Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the OTC PK market has brought this company to the attention of our research team. Native American Energy Group, Inc. (the "Company," or "NAEG") (OTC PK: NVMG), is responding to the attention of investors. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.

Native American Energy Group, Inc. (the "Company," or "NAEG") (OTC Pink Sheets: NVMG), an independent energy company, announced today that it received a letter of full support from the Oglala Lakota Sioux Tribe in response to the Company's plan to construct safe, decent, affordable, energy-efficient homes on their reservation in South Dakota. NAEG board members, Joseph D'Arrigo, Raj Nanvaan and Richard Ross met with executive members of the Lakota Tribal Council and Housing Board, Friday, in Pine Ridge and they were received very well as they presented solutions to the tribe's severe housing shortage problem. In addition, the tribe has welcomed NAEG with open arms with respect to wind and solar energy development.

The above-mentioned document can be viewed at the following link: www.nativeamericanenergy.com/oglalalakota.pdf

NAEG has bridge groups standing by to fund such projects as housing construction on the reservations, once NAEG and the Lakota Nation can confirm and secure financial guarantees through the programs available from the Dept. of Housing and Urban Development (HUD), U.S. Government grants, etc.

It takes 60 to 90 days to set up a manufacturing facility. Once set up using the technology transfer from homebuilder Eurowest Panel Homes Ltd., NAEG's joint partner, the facility can manufacture the full framework for 10 to 15 homes per day. Actual assembly time depends on the labor. With a staggering 85% unemployment rate, this task will be accomplished with great success. It becomes a win-win situation.

There is an immediate need for 4,000 homes on the reservation with a population of approximately 45,000. According to NAEG's 50/50 profit-share Partner, Eurowest, the cost to construct a 1,000 sq. ft. home is roughly $60,000. Projections place the price tag per home at approximately $100,000.

Eileen Janis, Vice President of the Executive Board & Director of the Oglala Lakota Nation Housing Committee, personally guided the NAEG team to viable, existing locations for building these communities. Oglala Chairman John Steele & Eileen Janis are strong proponents of development, including renewable energy and of the tribe's wealth of natural resources because so many people there live below the poverty line.

In addition, NAEG executives toured the neighborhoods with Eileen in order to view some of the more deplorable living conditions of the Oglala people. Video footage was taken along the way of a number of homes that would be condemned in most American cities. Some of this footage which will soon be placed on the Company website:

http://www.nativeamericanenergy.com

CEO, Joseph D'Arrigo stated, "These are a people that were mistreated. It was just as was described in our January 8, 2007 news release regarding the housing conditions and homelessness on this reservation. We saw the dilapidated mobile homes, and the trailers, and even cars that many homeless families were using for shelter. These people seriously need to be relocated into decent housing. There were many homes missing entire windows in this very cold climate where temperatures often are sub-zero. It is hard to believe people are living in such conditions in this Country. We went inside several overcrowded homes occupied by extended families in too few bedrooms, lacking even a sufficient number of mattresses. Can you imagine 17 to 28 people living under one roof with only one bathroom? We also saw black mold in the kitchens & baths, collapsing floors, problems with ventilation, lighting, sewage and in some cases, garbage that had not been removed in two years. They need someone to help bring some enrichment and some dignity into their lives, rather than just surviving."