Canyon Creek Oil Production Approaches 1000 Barrels - Results Exceed Expectations in Archer County Regular Field.

HOUSTON -- Canyon Creek Oil & Gas Inc. (A joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) continues to increase its daily oil production. As previously reported, Canyon Creek tested its #1 Block Estate at a rate of 450 bopm. Since its initial oil production last week the well has gradually increased to 600 bopm. Canyon Creek continues to monitor the well for further increases.

"We are very pleased with the performance with this well," said Donald Orr, president of Canyon Creek. "The daily oil rate far exceeds the 10-year production average for this single well by a factor of six. Based upon other factors that we are monitoring at the well head we are expecting this well to continue to increase its daily production."

With 8 additional wells ready to come on line, Canyon Creek expects to add significantly to its current daily oil production.

With Archer County Regular Field and Hagler Capps Lime Field now producing, the Company is making nearly 1000 bopm to the stock tanks. "This is going to dramatically increase as additional wells are brought on line in these fields in the new few days," continued Orr.

Canyon Creek also is reporting that rig #28 owned by C. C. Forbes, LP has moved to its #1 Roberts Unit well located in Inez Field, Victoria County, Texas. The Company plans to re-enter the well and complete in the prolific Yegua Sand at 8,500 feet. Current operations are slowed due to the amount of gas entering the well at this time. This well when initially completed flowed at the rate of 80,000 mcfg/m and 2000 bopm according to Railroad Commission of Texas productions records.

About UPDA

Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

For additional information visit: www.universalpropertydevelopment.com.

About CCOG 

Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line.

About USPX

USProduction & Exploration, LLC, an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The Company's approach to developing depleted reservoirs and unconventional gas is innovative: it combines horizontal, multilateral, with underbalanced drilling methods.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.