Next Millennium Closes Acquisition of Petroleum and Natural Gas Rights in Utah and Colorado

Next Millennium Commercial Corp. ("Next Millennium") (TSX VENTURE:NM) has closed
its acquisition of a 50% working interest in and to 5,950 net acres of petroleum
and natural gas leases in eastern Utah and western Colorado following receipt of
final TSX-V approval. The purchase price was US$1,190,160 and included all well
data, log analyses and other information respecting the play. Next Millennium
has also granted the sellers an overriding royalty on production from the
properties at a rate which is variable based on other pre-existing royalties on
the properties and which will result in Next Millennium having an 80% interest
in its 50% working interest in the properties.


These acquired leases lie within the Paradox Basin in eastern Utah and western
Colorado. Ongoing exploration in the area targets oil and gas reserves from
porous and permeable, naturally fractured limestone and dolomite reservoirs
along an established productive fairway in south eastern Utah as well as deeper
Mississippian aged targets. The potential productive trend extends over a large
portion of the Paradox Basin in eastern Utah and western Colorado.


Next Millennium and its partner Rover Resources, Inc. are in the planning stages
to permit the initial well on the project which is expected to be drilled in the
fall of 2008.