NGAS Resources, Inc. (Nasdaq: NGAS), today announced that it will be releasing its first quarter 2007 financial results after the market close on Thursday, May 10, 2007. The full text of the release will also be available on the Company's website at www.ngas.com. Management will host a conference call on the same day at 4:30 p.m. (Eastern).

The conference call will be webcast and can be accessed from the Company's website at www.ngas.com as well as from the following link: http://viavid.net/dce.aspx?sid=00003EFF. An indexed recording of the call will also be posted on the Company's website following the call's completion.

To listen to a replay of the conference call, dial toll-free 1-888-203-1112 or 1-719-457-0820 for international callers and enter passcode 7986354. The replay will be available beginning at 7:30 p.m. (Eastern) on Thursday, May 10, 2007 and will last through 11:59 p.m., Thursday, May 17, 2007.

About NGAS Resources

NGAS Resources is an independent energy company focused on natural gas development drilling and reserve growth with its primary operations in the southern portion of the Appalachian Basin. Additional information, including the Company's report on Form 10-K for the year ended December 31, 2006, can be accessed on its website at www.ngas.com.