CNX Gas Leases CBM Acreage From Massey Energy

RICHMOND, Va. and PITTSBURGH, April 20 /PRNewswire-FirstCall/ — CNX Gas Corporation has agreed to lease approximately 20,000 acres in southwestern Pennsylvania from a subsidiary of Massey Energy Company . CNX Gas and the Massey subsidiary will jointly develop the property pursuant to an operating agreement, with CNX Gas serving as the operator and majority working interest partner. The project is focused on coalbed methane in the Freeport seam in Westmoreland and Fayette counties. This acreage is in close proximity to CNX Gas’ Mountaineer and Nittany plays.

   (Logo: http://www.newscom.com/cgi-bin/prnh/20051213/CNXLOGO )   (Logo: http://www.newscom.com/cgi-bin/prnh/20070420/MASSEYLOGO )   There are no proved coalbed methane reserves associated with this acreage.  

Nicholas J. DeIuliis, president and chief executive officer of CNX Gas, said, “This project represents the first step-out opportunity for CNX Gas. Up until now, CNX Gas has only drilled for coalbed methane on acreage owned or leased by its majority owner. Massey recognizes our improving ability to drill horizontal coalbed methane wells in Northern Appalachia. If we can bring value to these coal assets, this can serve as a model for other coal companies looking to improve shareholder value.”

Don L. Blankenship, chairman and chief executive officer of Massey, said, “We’re always looking for ways to increase shareholder value. This deal aligns a high potential asset with the extensive methane recovery experience of CNX Gas. We’re looking forward to working with CNX.”

Description

MASSEY ENERGY COMPANY headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the fourth largest coal producer by revenue in the United States.

   Contact:   Phil Nichols   Investor Relations   (866) 814-6512   investor@masseyenergyco.com   http://www.masseyenergyco.com/    MASSEY ENERGY FORWARD-LOOKING STATEMENTS  

Certain statements in this press release are forward-looking as defined by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made as well as predictions as to future facts and conditions the accurate prediction of which may be difficult and involve the assessment of events beyond the Company’s control. Caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, the Company’s actual results may differ materially from its expectations or projections. Factors potentially contributing to such differences include, among others: market demand for coal, electricity and steel which could adversely affect the Company’s operating results and cash flows; future economic or capital market conditions; deregulation of the electric utility industry; competition in coal markets; inherent risks of coal mining.

CNX GAS CORPORATION is an independent natural gas exploration, development, production and gathering company operating in the Appalachian Basin of the United States. In May 2006, Business Week cited CNX Gas in its survey of Hot Growth Companies. Effective June 30, 2006, CNX Gas was added to the Russell 3000(R) Index and the Russell Midcap(R) Index. In October 2006, CNX Gas was named as a finalist by Platts for its “Hydrocarbon Producer of the Year” award.

   Contact:   Dan Zajdel   Vice President – Investor and Public Relations   (412) 200-6719   danzajdel@cnxgas.com   http://www.cnxgas.com/    CNX GAS CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS  

Various statements in this release, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934). These statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the following: our business strategy; our financial position; our cash flow and liquidity; declines in the prices we receive for our gas affecting our operating results and cash flow; uncertainties in estimating our gas reserves; replacing our gas reserves; uncertainties in exploring for and producing gas; our inability to obtain additional financing necessary in order to fund our operations, capital expenditures and to meet our other obligations; disruptions, capacity constraints in or other limitations on the pipeline systems which deliver our gas; competition in the gas industry; the availability of personnel and equipment; increased costs; the effects of government regulation and permitting and other legal requirements; legal uncertainties regarding the ownership of the coalbed methane estate; costs associated with perfecting title for gas rights in some of our properties; our need to use unproven technologies to extract coalbed methane in some properties; our relationships and arrangements with CONSOL Energy; and other factors discussed under “Risk Factors” in the 2006 Annual Report on Form 10-K for the year ended December 31, 2006. We are including this cautionary statement in this release to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf, of us.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051213/CNXLOGOhttp://www.newscom.com/cgi-bin/prnh/20070420/MASSEYLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

CNX Gas Corporation; Massey Energy Company

CONTACT: Phil Nichols, Investor Relations of Massey Energy Company,+1-866-814-6512, investor@masseyenergyco.com; or Dan Zajdel, Vice President -Investor and Public Relations of CNX Gas Corporation, +1-412-200-6719,danzajdel@cnxgas.com

Web site: http://www.cnxgas.com/http://www.masseyenergyco.com/