Eldorado Exploration Inc (fka EDEP)

[Ngas]

Eldorado Exploration Well Results

IRVINE, CA -- (MARKET WIRE) -- 12/23/08 -- Eldorado Exploration,
Inc. (PINKSHEETS: EDEX) announced today that the well Leka #1,
drilled to the Trenton Dolomite at 2340 Feet, in Sangamon County,
Illinois, did not produce a commercial discovery of oil and gas.
Although gas was found in the Albany Shale, the amount was not in
sufficient quantities to complete. Due to budget constraints, testing
deeper potential zones to 5000 plus Feet will not be attempted at
this time.

Eldorado Exploration will drill next in Texas on sites currently
being leased. The first well should commence drilling in April 2009.

Eldorado Exploration, Inc. is an independent oil and gas exploration
Company headquartered in Irvine, California.