Tri-Valley Corp (fka TVLYQ)

[jonesieatl]

Tri-Valley Stock Among Top Performers on AMEX
Monday January 31, 5:27 pm ET

BAKERSFIELD, Calif., Jan. 31 /PRNewswire-FirstCall/ -- With a gain of 178%, the stock of Tri-Valley Corporation (Amex: TIV - News) of Bakersfield, California, was the fourth best performing stock on the American Stock Exchange in 2004, and Tri-Valley has been invited by the AMEX IR Alliance to join the top 50 performing companies for a special recognition conference in New York City March 16.

During 2003, Tri-Valley more than tripled its stock price from the $1.00 range to close that year at $4.40. The management then declared a goal of "double or more in 2004" and again came close to tripling it when the stock peaked at $12.98 before closing the year at $12.23 or a gain of 2.78 times.

With an array of oil, gas, and mineral projects of considerable magnitude, Tri-Valley management expects to continue adding value to the stock from its aggressive exploration and acquisition program.

"We will frac our deep Ekho well around February 21 and also begin redrilling the horizontal leg of our big Sunrise gas play about the same time. If successful, Tri-Valley's share of these could exceed our minimum target for growth. Furthermore, the Company has two other fully funded exploratory projects, namely the Sunridge and Midland Trail prospects, which it plans to drill in the coming weeks. Additionally, we have other projects of magnitude in the works as well. Our goal is to obtain and succeed on projects that can add exponential value to our stock. As an exploration company, we know most plays will fail. But we have really big upside potentials in our extensive inventory so it only takes one," said F. Lynn Blystone, president and chief executive officer.

Tri-Valley Corporation became listed on the American Stock Exchange October 23, 2003. The Company presently has 22,036,052 shares outstanding with a public float of approximately 19,315,758. The stock is widely held by about 5,000 shareholders in North and South America, Europe, Asia and Australia.

The Company owns a proprietary geologic library that gives it data on every continent except Antarctica. More particularly, it has 700 exploration leads and prospects in California, the world's fifth largest economy, which presently imports nearly 60% of its oil and nearly 90% of its natural gas needs.

Through its wholly owned subsidiary, Select Resources Corporation, Tri-Valley has two large gold exploration projects in Alaska and operates an industrial minerals joint venture in California.

Tri-Valley stock has recently traded in the $10 plus range with an average volume of 107,000 shares per day.

Tri-Valley Corporation is in its 42nd year of business as a successful operating company and for 32 years has been a full reporting 12 (g) publicly traded Delaware Corporation. The Company's stock is publicly traded on the American Stock Exchange under the symbol "TIV" in the United States and is also traded in Europe on the Frankfurt Stock Exchange under the symbol "TVC WKN 911919." Our company websites, which include all SEC filings, are www.tri-valleycorp.com and www.tri-valley.de.