CMMI Acquires Interest in Gas Prospect.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--March 20, 2003

Consolidated Minerals Management Inc. (OTCBB:CMMI) announced today that CMMI's recent 5% joint venture participation with Par Minerals Corp.'s Snakebite Field (Richardson #1 Well) was successful, company officials announced. The well went to sales on March 16, 2003. The current rate is 1900 MCFPD, which will gross an estimated $290,000 per month before taxes, royalties and operating expenses at present day prices. Current plans are to try and acquire additional drill sites in the immediate area.

Special Note: Management believes certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the company, their ability to secure financing, ability to finalize the additional lease acquisition, as well as from developments beyond the company's control, including changes in energy prices, production rate, cost of operating, and other national and global factors that may, among other things, affect the company's performance or operating results prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the company's performance anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.