Strategic Asset Leasing Inc (LEAS)

[Romak3]

WINSTON-SALEM, NC, Aug 26, 2008 (MARKET WIRE via COMTEX) -- Mammoth Energy
Group, Inc. (PINKSHEETS: MMTE) is pleased to announce today that it has obtained
a working interest in a new oil well, bringing the current total of working
wells to three. Due to a slippage in schedule of approximately 3 weeks for
continued drilling on its current well projects, the company has negotiated an
interest in an additional oil well that has been completed. The well is located
in Pawnee County, Oklahoma. Depth of the new well will be deeper then those
currently drilled by the company and should realize higher production rates.
Those rates will be released soon. We have re-entered previously drilled oil
fields that have plenty of historical data where prior oil and gas companies did
not test and pursue known formations.

"This is a great opportunity for the company to realize additional revenue, and
expand its production quickly," stated Joe Overcash, President of Mammoth.
"Management is continuously seeking out new well interests and additional
drilling leases."

About Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc. is focused on developing shallow gas projects in
north-eastern Oklahoma due to the low risk, blanket characteristics in the area
that make it possible to drill and produce a well nearly every time. It is
currently focused on developing its Noble and Kay County properties in Oklahoma
that covers approximately 1,400 acres.