CSNW Acquires 14,000 Acres of Leasehold Acreage in the Powder River Basin.

Business Editors

DENVER--(BUSINESS WIRE)--Nov. 9, 2001

Powder River Basin Gas Corp., a wholly owned subsidiary of Celebrity Sports Network, Inc., (OTCBB:CSNW) announced today the acquisition of approximately 14,000 acres of leasehold acreage in the Powder River Basin of North Eastern Wyoming. CSNW further announced it has secured options on an additional 30,000 acres in the area. Management believes that this acreage position is sufficient to initiate a program of low risk drilling lasting approximately five years and possessing the potential to develop substantial coal bed methane (CBM) reserves. To date the company has drilled two wells with an additional 88 wells staked and planned for a winter drilling program to begin immediately.

According to the National Petroleum Council, The Rockies could contain over 300 trillion cubic feet of recoverable reserves, which is almost one quarter of all-onshore and offshore reserves in the lower forty-eight states. Industry-wide, however, despite substantial drilling over the last decade, U.S. natural gas production has been disappointing with virtually no increase in aggregate supplies. Over the next decade though, new supplies from CBM are expected to materially increase and assist in bringing supply and demand into equilibrium. While commodity prices are relatively low at present, management believes that this current situation will be short lived and that prices should firm as the economy reverses its present course next year. The Powder River Basin CBM play is economical at the current futures strip and affords an attractive opportunity for a new entrant with adequate capital.

The Company is in the process of raising $4.5 million through a private placement of equity in order to fund the above stated drilling program. The offering is scheduled to close on or before November 21, 2001.

Forward-Looking Statements: This news release may include certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.