Canyon Creek to Perforate the #1 Roberts Unit Today - Cased-Hole Logging Confirms Prolific Gas Producing Sand.

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) logged 16 feet of Yegua sand at the #1 Roberts Unit located on its 243 acre lease in Victoria County, Texas Tuesday afternoon. A cased-hole gamma-ray log confirms excellent quality sand and the neutron log run simultaneously with the gamma-ray indicates gas productive. E[acute accent]Canyon Creek expects to perforate the well before 10:00 am CST Thursday morning. E[acute accent]While logging the #1 Roberts Unit well, the gamma-ray/neutron tool set down on residual cement in the 2-7/8" tubing at 8700 feet. The Yegua "A" sand was found above 8,700'. Canyon Creek moved in a coiled tubing unit to drill out 30-40' of residual cement in order to access the more prolific Yegua "B" sand. E[acute accent]Donald W. Orr, President of Canyon Creek said, "We are very excited about the quality of the Yegua "A" stringer encountered in the well. When compared with other wells in the area, the Yegua "A" sand appears of higher quality based upon the gamma-ray measurements. The Yegua "B" sand should be even better." E[acute accent]The logging company is currently on location and the coiled tubing unit is working to remove the residual cement from the well. Once the cement is removed, the Company will continue logging operations below 8,700'. Canyon Creek anticipates logging 20' of excellent quality Yegua "B" sand and then perforating both the Yegua "A" and the Yegua "B" pay zones. E[acute accent]Upon original completion in 1990, the #1 Roberts Unit flowed at an absolute open flow of 9,000,000 cfg from the Yegua "B" stringer as reported to the Railroad Commission of Texas on Form G-1. The Form G-1 shows the well flowing 2,668 mcfgpd on a 8/64'' choke with 4,727 psi flowing tubing pressure. E[acute accent]"We intend to produce this well from both the "A" and the "B" zones," continued Orr. "Based on the logs and historical production reports, we are very optimistic of the results."

E[acute accent]About UPDA

E[acute accent]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. E[acute accent]For additional information visit: www.universalpropertydevelopment.com.

E[acute accent]About CCOG 

E[acute accent]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.

E[acute accent]About USPX

E[acute accent]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 under balanced drilling methods.

E[acute accent]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.