NGAS Resources, Inc. (Nasdaq: NGAS) announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The shelf registration statement, when declared effective by the SEC, will allow the company to raise capital from time to time, up to an aggregate of $100 million, through the sale of common stock, preferred stock, debt securities or warrants to purchase common stock, preferred stock or other securities. Specific terms and prices will be determined at the time of each offering under a separate prospectus supplement to be filed with the SEC at the time of the offering.

The shelf registration statement filed by the Company with the SEC has not yet become effective. The securities covered by the registration statement may not be sold prior to its effectiveness, nor may offers to buy those securities be accepted before that time. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities covered by the registration statement. Any offer of those securities may be made solely by means of the prospectus included in the registration statement and the prospectus supplement for any future offering.

A written prospectus, when available, meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from the Company at its headquarters in Lexington, Kentucky.

About NGAS Resources

NGAS Resources is an independent exploration and production company focused on unconventional natural gas basins in the United States that support repeatable drilling opportunities, principally in the southern portion of the Appalachian basin. Additional information, including the Company's annual report on Form 10-K for 2006 and its 2007 proxy statement and Form 10-Q for the first quarter of 2007, can be accessed on its website at www.ngas.com.

NGAS Resources, Inc.
Michael P. Windisch, CFO
859-263-3948
Fax: 859-263-4228