Power Exploration Announces Property Acquisition

Business Wire, March 8, 2000

Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--March 8, 2000

Power Exploration Inc. (OTC BB: PWRX) Wednesday announced the acquisition of Lincoln Health Fund Inc., and its primary asset, a 10.5 acre tract of land located on the east-side of Fort Worth.

The terms of the agreement by which Power Exploration Inc., a Nevada corporation, will acquire complete ownership of Lincoln Health Fund Inc., a Delaware corporation, and the real estate holdings of Lincoln, provide that Power will issue 600,000 shares of its authorized but unissued common stock, bearing a Rule 144 restrictive legend, to Genesis Capital Corp. of Nevada, the sole shareholder of Lincoln.

The respective board of each corporation have approved the transaction and closing is expected to take place this month.

The real property is located on Meadow Brook Drive in Fort Worth, near Eastern Hills High School. The property is presently zoned for multi-family use and has all utilities available.

This news release includes forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce and market products and/or services and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.