NGAS Resources, Inc. (Nasdaq: NGAS), today announced that it will be releasing its third quarter 2006 financial results after the market close on Thursday, November 9, 2006. 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 http://viavid.net/dce.aspx?sid=00003721. For those who are unable to listen to the webcast live, an indexed recording of the call will 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 1000740. The replay will be available beginning at 7:30 p.m. (Eastern) on Thursday, November 9, 2006 and will last through midnight Thursday, November 16, 2006.

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 2005 and its quarterly report on Form 10-Q for the second quarter of 2006, can be accessed on its website at www.ngas.com.