Wanderport Corporation Acquires Major Oil Property with a Private Foreign Oil Company and Launches New Website

LOS ANGELES--(BUSINESS WIRE)--Wanderport Corporation (Pink Sheets: WDRP) today announced its agreement to enter into a partnership with the UMA Group, a leading player in the Russian oil and gas industry, in order to acquire interests in a block property located in the Komi Republic of Russia. This is the first major oil and gas property obtained by the Wanderport Corporation and is the result of the Company’s increasing investments in the oil and gas industry.

The UMA Group has agreed to accept Wanderport Corporation stock in exchange for a partnership in the property. Both parties are considering a two tier strategic cooperation to develop this property then eventually form a joint-venture in acquiring new territories for the implementation of mutual strategies for their exploration and exploitation. Mr. Sergei Mayorov, President of UMA Group informed us that cooperation with Wanderport Corporation will enable the application of state of the art technology for the mutual growth of all interests in the region, expanding the work that is already in progress on the property.

As mentioned previously, the Block was explored by 838 km of seismic activity and has been estimated to project 2,274,000 tons of probable reserves annually. The Wanderport Corporation is determined to invest heavily in the oil and gas markets in order to expand and become an influential player in the industry. “Having the opportunity to work together with UMA Group, a leader in oil and gas development in the region will help to guarantee our success to tap the enormous hydrocarbons reserves on the property”, said Mr. Adam Madisson, President and CEO of Wanderport Corporation.

In other news, Mr. Madisson is also pleased to announce that he will not be stepping down as CEO of the Company and will continue to lead the company through its new strategic initiative. This administrative decision was taken to mutually benefit the Company, its investors and future successful business ventures.

Finally, Wanderport Corporation is very pleased to launch its new website at www.wanderportcorp.com containing up to date information on the Company.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Wanderport Corporation
Adam Madisson, (514) 561-6554
E-mail: adammadisson@wanderportmining.com
URL: www.wanderportmining.com