EGPI/Firecreek, Inc. Executive Committee Approves Five Well Drilling Program for 2006; Company in Final Stages of Project Financing Committment.

SCOTTSDALE, Ariz. -- EGPI/Firecreek, Inc. (OTCBB:EFCR) President and CEO, John R. "Rick" Taylor, is pleased to announce the company's Executive Committee has completed its feasibility study of certain reserves located in Wyoming and has approved a drilling program for five more wells in 2006.

Mr. Taylor stated, "The approval of this expansion program shows the significance and commitment our company has in locating, negotiating and funding projects that will continue to bring continued revenue stream, assets and valuation into the company." He also added, "We are now beginning to see the positive improvements made with the implementation and reorganization of our corporate infrastructure. Because of the changes made for 2006 we can now react, take advantage and fast track opportunities that normally would take several months to process."

Dennis Alexander, Chairman of the Board and CFO, commented, "Preliminary discussions for the project financing of these five additional wells have now entered into its final stages. We are extremely confident EFCR will have the ability to finalize the funding for the recently approved drilling program at Ten Mile Draw, Wyoming." He also stated, "EFCR and Newport Oil are working feverishly to complete the drill site selection process." All of the leases are located in the Ten Mile Draw area of the Green River Basin in southwest Wyoming and have proven reserves that have been producing gas for years.

The state of Wyoming has been experiencing a sudden economic boom with the resurgence of gas exploration and drilling in its state. For more information on the dynamic growth currently being experienced by Wyoming please see:

http://www.csmonitor.com/2005/0411/p01s01-ussc.html?s=spusa

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI Firecreek Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek's filings with the Securities and Exchange Commission.