updated 11/12/2010 4:00:12 PM ET 2010-11-12T21:00:12

High Plains Gas, Inc. (OTCBB: NXPN) today announced that Aegis Capital, a New York-based leader in middle market investment banking, has been retained as the Company's Investment Bankers.

Founded in 1984, Aegis Capital is a full-service boutique brokerage operation focused on middle-market corporate finance, research, and valuation services. Aegis actively manages over $2 billion of retail customer assets with over 200 registered representatives in 8 corporate locations.

Mark Hettinger, Chairman of High Plains Gas, commented, "We were immediately impressed by the professionalism, expertise, and track record that Aegis Capital and its team exemplify. We believe that by bringing Aegis into the High Plains Team, we can continue to execute and implement our acquisition strategy in the Powder River Basin. We have identified several key strategic acquisition targets and will utilize Aegis experience to help us with the transactions."

Ed Cabrera, Head of Investment Banking for Aegis Capital, added, "We are confident that the High Plains management team and their strategic plan are a winning combination. Mark's extensive knowledge of the Powder River Basin, expertise identifying undervalued assets and their successful re-enhancement programs make HPG real turn-around specialists. We are proud to be part of the High Plains team, and look forward to helping build value for all of the Company's stakeholders."

High Plains Gas, Inc. is a Gillette, Wyoming-based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. The Company currently maintains seven active leases in the region with 92 wells producing natural gas. With a strong foundation in the basin and growth as a core value, High Plains Gas will purse expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin.

About Aegis
Aegis has been in business for the past 26 years and maintains a conflict-free service platform catering to the needs of private clients, institutions and corporations. Aegis Capital Corporation was founded in 1984 by Robert Eide, the current CEO and Chairman. Aegis origins were based on servicing the specific needs of an extremely affluent customer base. Today, Aegis is a premiere full-service investment banking firm with eight locations and employees stretching from Florida to Rochester, NY. Aegis has clients in all 50 states and overseas. For more information, please visit the Aegis website at www.aegiscap.com.

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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