Ignis Petroleum Group, Inc. Announces Purchase of Working Interest in a Three-Well Development in Barnett Shale Acreage.

DALLAS -- Ignis Petroleum Group, Inc. (OTCBB:IGPG)(the "Company") announced today that it has purchased a 10% working interest participation in a three-well development program in the Barnett Shale play. Development drilling, which includes the Powell #1 well in Montague County, Texas, and the Powell #2 and Inglish Sisters #3 wells in Cooke County, Texas, has already commenced.

Under the terms of the deal, the Company will be granted the net revenue from a 12.5% working interest until full return of its drilling and completion costs, at which time the Company's working interest will revert back to 10%. Rife Energy Operating, Inc. (REO) of Fort Worth, Texas has been designated operator for the project.

The drilling and logging of the Powell #1 has been completed and the drilling of the other two wells is scheduled to begin in early February 2006. On December 13, 2005 a series of logs were run on the Powell #1 well. The evaluation of these logs coupled with strong gas shows and indications of a significant natural fracture system suggest that the Powell #1 could produce significant volumes of oil and gas from the Barnett Shale. The well also had good oil shows in a conglomerate formation just above the top of the Barnett Shale. This conglomerate formation has produced several million barrels of oil in Montague County.

The well will be hydraulically fractured in early February 2006 to supplement the existing natural fracture system. Reserves will be determined after the well performance has been evaluated.

The transaction between the Company and REO was handled by AmTex Associates, LLC, members NASD, SIPC, of Dallas, Texas. AmTex Associates specializes in providing direct participation oil and gas programs to industry, institutional and individual investors

About Ignis Petroleum:

Ignis Petroleum Group, Inc. is a Dallas-based oil and gas production company focused on exploration, acquisition and development of reserves in the United States. The Company's management has closely aligned itself with strategic industry partnerships and is building a diversified energy portfolio. It focuses on prospects that result from new lease opportunities, new technology and new information. For further information, visit www.ignispetro.com.

Safe Harbor for Forward-Looking Statements: This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in oil and gas exploration, the need to obtain additional financing, the availability of needed personnel and equipment for the future exploration and development, fluctuations in gas prices, and general economic conditions.