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Ngas

12/23/08 4:08 PM

#26403 RE: Ngas #26402

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.
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dirtdog

12/24/08 5:49 PM

#26429 RE: Ngas #26402

The info on the loan, plus curent quarterly report can be read at "pinksheets.com" type in EDEX then click on filings.Also found out today that Wm. Jones dumped 300,000 shares last month.Only asset I see is a computer,when I went thru leases a year ago EDEX hadn't a lease in their name including Mesa!I checked BLM and state of New Mexico and North Dakota records at that time.Merry Christmas to all,and I'll post after holidays on Il.and what partner has to say.