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Wyn Developments Inc. Announces Spudding of Prophet River Natural Gas Exploratory Well 'D-60-E/94-G-15'

Posted on: Monday, 26 June 2006, 00:00 CDT

Wyn Developments Inc. ("The Company") (TSX VENTURE: WL)(PINK SHEETS: WYDPF)(FWB: YXE) announces that the Prophet River Slave Point exploratory well (d-60-E/94-G-15) will be spudded no later than June 26, 2006. The well is expected to take approximately sixty-five (65) to seventy (70) days to reach total depth and an additional two (2) to three (3) weeks for testing and completion, if warranted. The drilling of this test well has been contracted to a major Canadian oil and gas company.

The 2D and 3D seismic data has been reviewed by qualified and experienced representatives of all Partner Companies and the major Canadian oil and gas company. They have unanimously approved the well plan. Their interpretation and consensus confirms the following:

- The main target of this project, the Slave Point formation, is a closed, five cycle (full Slave Point) buildup and contains two prospective zones within the formation.

i. The first prospective horizon is stratigraphically equivalent to the producing zone of the nearby Adsett field. Porosity distribution, as interpreted from the 3D seismic, is comparable to that of Adsett producing wells. Adsett has produced 91.6 Billion Cubic Feet (Bcf) of gas from four (4) Slave Point pools to March 2006. (Source: BC Oil and Gas Commission "Reserves Data for all oil & gas pools in BC").

ii. The second prospective horizon (upper Slave Point) is productive in the prolific Clarke Lake Field where 1.65 Trillion Cubic Feet (Tcf) of gas has been produced from the Clarke Lake Slave Point A pool to March 2003. (Source: BC Oil and Gas Commission "Reserves Data for all oil & gas pools in BC").

- Three additional secondary natural gas targets have been identified, including the Halfway, Debolt, and Banff formations.

- The Slave Point "prospective resource estimate" for the Prophet River gas project, as determined through 2D and 3D seismic interpretation and analogue producing wells, ranges between 96 Bcf (Pmean) to 227 Bcf (P10 probabilistic confidence level). For investor reference, the Canadian Oil and Gas Evaluation Handbook defines prospective resources as;

"those quantities of oil and gas estimated on a given date to be potentially recoverable from undiscovered accumulations. If discovered, they would be technically and economically viable to recover. If discovered, there is no certainty that any discovery will be technically or economically viable to produce."

There is no certainty that this prospective resource will be discovered. This Prophet River Slave Point "prospective resource estimate" was conducted internally by a qualified evaluator of the Operator; however, Wyn Developments has not verified the estimate.

The Company also announces that this well is not classified as a tight hole. Shareholders will be promptly informed of results after all project data has been interpreted.

The Company has a 21 2/3% working interest in eleven (11) sections of 'A' lands, and will earn this interest to the total depth drilled. The Company will also earn the right to drill an option well on the ten (10) sections of 'B' lands adjacent to the 'A' lands, for a 21 2/3% working interest to total depth drilled.

Management looks forward to the promise and potential of this Prophet River Slave Point natural gas exploration project for the Company and its shareholders.

For more information, please visit the Company's website at www.wyndevelopments.ca.

On Behalf of the Board,

WYN DEVELOPMENTS INC.

David McMillan, President & CEO

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning Wyn Developments Inc. future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2006. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Wyn's operations or financial results are included in Wyn Development's reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and Wyn Developments undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Oil and Gas Advisory. This press release contains disclosure expressed as "Boe/d". All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 Contacts: Wyn Developments Inc. Tom Brady North America Contact (604) 685-5851 or Toll Free: 1-888-685-5851  Wyn Developments Inc. Chad McMillan North America Contact (604) 685-5851 or Toll Free: 1-888-685-5851  Wyn Developments Inc. Dave McMillan North America Contact (604) 685-5851 or Toll Free: 1-888-685-5851 (604) 685-7349 (FAX) ir@urg.ca  Wyn Developments Inc. Arthur Ferjo North America Contact (705) 743-5042 arthur@urg.cawww.wyndevelopments.ca  Small Cap Invest Ltd. Alexander Friedrich Europe Contact 49 (0) 69-24 24 93 49 or 49 (0) 12 12 544 71 04 62 afriedrich@small-cap-invest.com  Yes International Inc. Rich Kaiser United States Contact (757) 306-6090 or 1-800-631-8127 (757) 306-6092 (FAX) rich@yesinternational.com

SOURCE: Wyn Developments Inc.

Source: MARKET WIRE

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