Early Bird Special (EBS)

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SNRN pays off Cornell on heels of yesterday's news.

Sonoran Energy Announces Retirement of $1.7 Million Cornell Capital Loan
Sonoran Energy, Inc. (OTCBB: SNRN) today announced that the Company has paid out all of its outstanding loan obligations to Cornell Capital Partners ("Cornell"). Sonoran Energy has settled this debt obligation, which commenced in October 2004, through a cash payment for the outstanding principal of approximately $1.7 million plus all accrued and earned interest.

"Cornell Capital stepped in two years ago to help us acquire our East Texas oil and gas assets," said Peter Rosenthal, Chairman and CEO of Sonoran Energy. "Their financial partnership enabled us to acquire our first producing assets, and establish a foundation upon which we were able to move forward with the development of the East Texas field and our other oil and gas projects. The recently completed $12 million reserve-based financing with NGP Capital Resources Company (NASDAQ: NGPC) has enabled us to repay this obligation and move to the next level in our domestic acquisition and development program. Cornell has been a professional, fair and constructive finance partner and it has always been a pleasure to work with them."


Sonoran Energy Secures $15 million in Financing
Sonoran Energy, Inc. (OTCBB: SNRN) today announced that it has concluded a $15 million financing consisting of a $12 million reserve-based debt facility from NGP Capital Resources Company (NASDAQ: NGPC) and a contemporaneous $3 million equity investment from a private investor to provide funding for its on-going development operations.

Peter Rosenthal, Chief Executive Officer of Sonoran Energy commented, "We are very pleased to have attracted such a high quality oil and gas lending partner though the strength and value of our assets in Texas and Louisiana. With the financial backing of NGP Capital Resources we can now further develop our proven oil and gas reserves and bring them into production. We will expand the development of our project in Louisiana and also commence a development program in West Texas, as well as implement some production enhancement measures in our East Texas project."

"We are very pleased to have this opportunity to work with Sonoran Energy to develop its assets and assist in its long-term growth," said John H. Homier, President and CEO of NGP Capital Resources Company. "We look forward to a long and successful relationship."

The financing consists of a $12 million reserve-based debt facility provided by NGP Capital Resources Company. Sonoran Energy has immediate access to approximately $7 million of the debt facility, with an additional $5 million as more reserves are proven up.

The financing further comprises a private equity investment into the Company of $3 million in exchange for 30 million restricted shares. The equity investor, which the Company believes is a strategic long term investor, will further receive 50 million warrants.

"This financing transforms Sonoran's capital structure into one that will support our near term domestic growth strategy. The Company's working capital profile is immediately improved and sufficient liquidity is being made available to move forward our capital investment plan. This should result in steadily increased production from our proved oil and gas reserves," said Executive VP & CFO Frank T. Smith Jr.