The Exploration Company to Webcast RBC Capital Markets Presentation

Business Wire, June 7, 2004

Energy Editors/Business Editors

RBC Capital Markets' North American Energy and Power Conference

SAN ANTONIO--(BUSINESS WIRE)--June 7, 2004

The Exploration Company (Nasdaq:TXCO) will webcast its presentation Tuesday, June 8, at RBC Capital Markets' North American Energy and Power Conference in Boston.

Vice President-Capital Markets Roberto R. Thomae will give an update on TXCO's Maverick Basin growth strategy and 2004 drilling program to institutional investors and securities analysts attending the conference. The 25-minute webcast is scheduled to start at approximately 3:50 p.m., EDT, Tuesday, June 8. A link to the live presentation will be on the Company's Web site at www.txco.com and a replay will be available for 90 days.

About The Exploration Company

The Exploration Company is an independent oil and gas enterprise with interests primarily in the Maverick Basin in Southwest Texas. Its long-term business strategy is to increase shareholder value by acquiring undeveloped mineral interests and internally developing its multi-year drilling inventory through the use of advanced technologies, such as 3-D seismic and horizontal drilling. The Company accounts for its oil and gas operations under the successful efforts method of accounting and trades its common stock on the Nasdaq Stock Market under the symbol "TXCO."

More information about potential factors that could affect the Company's operating and financial results is included in TXCO's annual report on Form 10-K for the year ended Dec. 31, 2003, and its Form 10-Q for the quarter and year-to-date period ended March 31, 2004. These and all previously filed documents are on file at the Securities and Exchange Commission and can be viewed on TXCO's Web site at www.txco.com. Copies are available without charge upon request from the Company.