Caveat Emptor

[kojira]

Solid no pump news on NVMG:

FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company," or "NAEG") (OTC Pink Sheets: NVMG - News), an independent oil and natural gas exploration and production company with operations in the Rocky Mountain region of the United States, released the following business update to shareholders.

Dear Friends and Fellow Shareholders,

Many of you are long time shareholders and have been very patient with your investment. Our management team is committed to creating a company of substance and value that can give its shareholders some great returns. We believe the success is coming basically in line with our ongoing vision for the company, albeit, these things do not happen overnight.

Shareholders have recently written to IR about a possible short condition. We did perceive what may have been overseas shorting of the stock (or mere profit taking) from one or more institutions, as revealed by the NOBO list. As this does warrant further investigation, we have again ordered the NOBO list and the OBO, as these will be important to our understanding. Overall, NVMG appears to be fluctuating normally for a Pink Sheet situation, in our view, and it should take on valuations similar to our oil industry peers. Of course, there are other revenue-producing strategies that we plan to implement in the near future that may factor in to the share price. These include our affordable housing construction and wind farm projects on U.S. reservations.

We are working hard to build a company with the perspective that our current and long-term efforts in our core Oil & Gas business will drive us to success with respect to creating sales, revenue growth and profits. We believe the share price will ultimately follow suit. Since Native American Energy Group began trading as a public company in January of 2005, we have made substantial progress in positioning the Company for the opportunities that are before us. As a result, NVMG has become widely recognized in the financial marketplace and the stock has experienced tremendous trading volume increases. Therefore I want to ensure that our valued shareholders have the correct structure of the Company. As of March 19, 2007 the number of shares Authorized is 2,000,000,000 and the number of shares Outstanding is 1,538,289,853. Collateral share issuances in conjunction with the recent $5M financing agreement resulted in the change to the O/S. These shares will be returned after 5 years upon repayment of the loan. Insider Shares remain unchanged at 895M and are part of an 18-month Insider Share Lockup Agreement that has been in force since October 6, 2006.

This information is also being updated on the Pink Sheets web site at www.pinksheets.com.

NVMG currently trades in the Pink Sheets, where fair value is not necessarily given to companies that are showing our kind of potential and progress. Our longer-term plans may include a move to the OTCBB or to a larger trading Board such as the Small Cap NASDAQ Board or the American Stock Exchange as the Company increases its revenue and asset values. We have time to decide whether such a move will prove to be beneficial for the company.

Our accountants, Resnick Druckman Group, have concluded our 2005 audits. We have made considerable investments in the future of our company over the last 2 years. In addition, we are now planning the 2007 budget and schedule for the reactivation of oil wells in our portfolio once our Workover Rig is delivered to us in Montana.

Native American Energy Group has made a series of oil & gas property acquisitions including historically producing wells that have proven developed reserves, as well as, undeveloped acreage positions overlying the prolific Bakken formation for future drilling operations. A Reserve Report of our proven developed reserves underlying our wells is currently being prepared by our Geologist and Petroleum Engineer. A summary of the report will be released upon completion.

Another phenomenon that we believe validates the Company's direction is the evidence of significant investment by like-minded companies in our area, such as Continental Resources and Marathon Oil. Both are major oil developers that have acquired hundreds of thousands of mineral acres with plans to drill wells into the Bakken in the next five years.

The drivers for growth are present and getting stronger as we continue to work hard to build our company. I want to thank each and every one you for your support and belief in our company.

Best Regards,

Joseph D'Arrigo

President & CEO

Native American Energy Group, Inc.