Forward Event Stocks

[EdF]

Reminder: MXLK 3.85/4.00 December 2004
--FE date nearing--[I picked up a few shares here]

Particle Drilling Technologies Inc. Appoints New President and Chief Executive Officer

HOUSTON--(BUSINESS WIRE)--Dec. 2, 2004--Particle Drilling Technologies Inc. ("Particle Drilling" or "PDTI"), a developer of patented Particle Impact Drilling ("PID") technology for use in oil and gas exploration, announced today that it's Board of Directors has appointed John D. Schiller, Jr. as interim president and chief executive officer. Mr. Schiller previously served as an independent director on PDTI's Board. Simultaneously, Mr. Ken Lesuer who currently serves as vice chairman, will assume the role of chairman of PDTI. Prentis B. Tomlinson, one of PDTI's founders resigned as president, chief executive and chairman, but will continue to serve as a director.


With these management changes, PDTI believes it has an outstanding team of energy professionals in place to complete the commercialization of its PID technology. John Schiller has over 23 years of experience in the energy industry, including his role as vice president, Exploration and Production for Devon Energy following the $5.3 billion merger of Ocean Energy with Devon Energy Corporation (NYSE:DVN)(TSE:NSX) in 2003. Prior to the Devon merger John was executive vice president of Exploration and Production for Ocean Energy. John's primary objective will be to complete the commercialization of the PID system and to recruit and hire a seasoned oilfield service company executive capable of building PDTI into an international oilfield service and technology company.

John Schiller stated, "I have evaluated the PID system, the existing management team and the market and I believe PDTI has the opportunity to introduce a drilling technology capable of generating tremendous savings to the upstream E&P industry. The technology is well protected from an intellectual property standpoint and I look forward to bringing such a valuable technology into the market."

Prentis Tomlinson added, "As an entrepreneur I have started many energy-related companies over the years, and I believe this is the appropriate time to build on our management team in order to take PDTI to the next level. Particle Drilling has an outstanding market opportunity and I believe that this management team will be well positioned to deliver this technology to an industry that is searching for new efficiencies to lower the cost of finding and replacing reserves."

PDTI has previously announced its intention to merge with MedXlink (OTC Bulletin Board: MXLK.OB) and anticipates this merger will close before the end of the year.

The PID system is designed to substantially increase the rate of penetration in drilling for oil and gas, especially when drilling through hard rock and other difficult-to-drill formations. The PID process is a fully closed loop system where steel shot particles are injected into the drilling mud. The process is operated by hydraulic energy available under normal rig pump pressures, and the particles mixed with drilling fluid are accelerated through the nozzles in a specially designed drill bit. Each particle is driven into the rock formation at a velocity that delivers forces many times greater than the compression strength of the rock, even in formations that exist at elevated hardness and stress. It is anticipated that this system will dramatically accelerate the drilling process thereby improving economics of drilling and development plays. The PID system will be provided to the oil and gas exploration industry as a drilling service and is designed to work seamlessly with conventional drilling rigs and related equipment. This technology has been substantially developed and is being prepared for additional testing and commercial deployment.

Particle Drilling is headquartered in Houston. For further information, please contact J. Chris Boswell or Thomas E. Hardisty at the Company at 713-223-3031.

This news release contains forward-looking statements, including but not limited to, those that refer to the Company's plans for future securities listings, or future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, speculative nature of oil and gas operations, speculative revenues from production, inadequate capital, adverse government regulations and/or other risk factors inherent in the oil and gas drilling, development and production sector.

NOTE: OS 2.5mil