updated 10/31/2010 5:15:14 AM ET 2010-10-31T09:15:14

LEXINGTON, Ky., Oct. 29, 2010 (GLOBE NEWSWIRE) -- NGAS Resources, Inc. (Nasdaq:NGAS), today announced that it will be releasing its third quarter 2010 financial results after the market close on Thursday, November 4, 2010. The full text of the release will 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) to discuss these results.  The conference call will be webcast and can be accessed from the Company's website at www.ngas.com .

A replay of the conference call will be available for one week. The replay will be available beginning at 7:30 p.m. (Eastern) on Thursday, November 4, 2010 and will last through 11:59 p.m., Thursday, November 11, 2010.  The dial-in number is 1-877-870-5176 or 1-858-384-5517 for international callers. The passcode is 7723084. An indexed recording of the call will also be posted on the Company's website following the call's completion.

About NGAS Resources

NGAS Resources is an independent exploration and production company focused on unconventional natural gas plays in the eastern United States, principally in the southern Appalachian Basin. Core assets include over 360,000 acres with interests in approximately 1,400 wells and an extensive inventory of horizontal drilling locations. NGAS also operates the gas gathering facilities for its core Appalachian properties, providing deliverability directly from the wellhead to the interstate pipeline.  Additional information, including the Company's annual report on Form 10-K for 2009 and 2010 Proxy, can be accessed on its website at www.ngas.com .

The NGAS Resources, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7617

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