NP Energy Corporation-Option Agreement.

News Editors/Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 6, 2004

Management of NP Energy Corporation announces that the company has entered into an Option Agreement to purchase the Tambillo group of claims located 200 kilometers northwest of Santiago, Chile. The Agreement calls for the payment of a one-time fee of $100,000 that gives NP Energy Corporation an option to purchase the property at any time during the next 12 months. This enables the company to evaluate the potential for expansion of the known reserves through further exploration and to also determine the actual production value of the indicated reserves.

The property is comprised of 12 claims blocks totaling 2,100 hectares of which 1,400 hectares are classed by geological consultants as exploration and 700 hectares as production. The claims are easily accessible by road.

The Tambillo project is located in an old well-known district of copper, gold and silver mining and the property itself has produced and shipped ore to ENAMI, the State-owned custom smelter and refinery. Ore values and assays from the past are of little value today as most of the work done previously was by hand mining which tends to rely on the existence of high-grade material. It is, however, encouraging that significant mining continued from 1920 to 1950, indicating the existence of substantial amounts of high-grade ore that was easily accessible by hand work. Smaller operations continue today and exploration development will expand on this. Recent sampling work done by geological consultants Sinergia Inversiones S.A., returned assays averaging from 5% to 10% copper and 4 grams of gold per ton. The sampling work was done in fracture and alteration zones of brecciated volcanic intrusive materials averaging from 3 to 15 meters in width and 800 to 2,000 meters in length. Mineralization observed were oxides of copper, malachite and crisicola that were distributed in areas of extreme alteration and fracturing. In the oxidation zones observed, there is intense alteration of the country rock expressed by an abundance of quartz sericite, fluidal quartz with abundant microcavities and boxwork structures conducive to the presence of gold. This property has the potential to host a large ore body that is expressed by the fracturing, intense alteration and mineralization observed.

NP Energy Corporation will initiate a geological investigation of the area to determine an exploration program and verify the reserve calculations of the existing ore provided by the property owners and their consultants. When verified, the company will announce the estimated reserves of the project. The company intends to begin these work programs as soon as possible and will report results as they are obtained.

Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of NP Energy Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.