LORTON, Va., June 23, 2011 /PRNewswire/ — Next Generation Energy Corp. (OTCQB: NGMC) announced today that it has acquired a Royalty Interest in a producing, prolific natural gas well in the well known Hainesville Shale formation in Louisiana, which produces more than 230,000 Mcf per month.

“The well was newly completed as of January 2011. The Mineral Interest acquired will produce revenues from this well and any new wells planned in the Unit, which includes approximately 600 acres. This well is operated by Chesapeake Operating, a unit of Chesapeake Energy (NYSE: CHK), the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids and the most active driller of new wells in the U.S.,” said Darryl Reed, NGMC CEO.

“Chesapeake Energy, headquartered in Oklahoma City, is focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S.,” Mr. Reed said. “We are very excited about this well since it was just completed and is at the top of its production life. This acquisition is NGMC’s second this month and keeps us on track with our aggressive growth plans that include acquiring quality, producing natural gas and oil properties operated by experienced, leading companies.”

NEXT GENERATION ENERGY CORP.: The Company’s core mission is to acquire high quality revenue streams by accumulating various royalty interests in existing, operating and proven domestic energy resources including natural gas and oil wells and coal producing properties. NGMC seeks energy producing properties that insure long term revenue streams with a thirty plus year asset life cycle. Only properties with well proven reserves in major energy producing geological formations are considered for acquisition. Additionally, the Company only considers properties operated and managed by companies with superior credentials.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Darryl Reed
CEO
703-372-1282
IR@nextgenerationenergycorp.com

Paul Knopick
E & E Communications
949.707.5365
pknopick@eandecommunications.com

SOURCE Next Generation Energy Corp.