Austin Developments Corp. ("Austin"; TSX-V exchange symbol AUL) is a diverse exploration and production company developing oil and gas assets in Canada and internationally. In the last few years, Austin has been aggressively expanding its oil and gas interests based on the development of new targets, and the redevelopment of existing properties which have the potential to produce economically significant reserves using lean and efficient management practices and modern drilling technologies. The Company's main exploration projects are:

• The Morgan High-Point Property in Tennessee, USA
• The Nkani G4-222 Property in Gabon, Africa
• The Kaybob and Bronson Properties in Northern Alberta, Canada

Furthermore, Austin continues to operate its wholly-owned subsidiary-Universal Wing Geophysics Corp.-a company specializing in unmanned airborne surveys for the oil and gas and mineral exploration industry. (See Aerial Surveys for more information.)