(EMAILWIRE.COM, September 28, 2005 ) Houston, Texas -- Canyon Creek Oil & Gas Inc. (A Joint Venture Company between Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC (USPX), a privately held Company) intends to commence gas sales this week on its Hagler leases located in Coleman County, Texas. Canyon Creek has received a final version of a gas purchase and processing agreement from a gas purchaser. The gas purchase and processing agreement provides that Canyon Creek will receive a percentage of the liquids processed from the casinghead gas. Canyon Creek is expected to execute the purchase and processing agreement.

Roustabout crews are connecting the compressor in anticipation of delivering gas into the pipeline. Upon execution of the final agreement, the Company will immediately deliver about 900 mcfgpm from 5 wells. Once the gas sales have commenced, the Company will order a gas analysis to determine the heating value and hydrocarbon components. Based upon prior analysis, Canyon Creek anticipates the heating value and the components will increase the value of the gas by 50%.

Roustabout crews are installing poly pipe flow-lines to gather the casinghead gas from 7 additional wells on the Hagler leases. Upon completion of this installation, Canyon Creek will be producing gas from at least of its 12 wells.

Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek has in excess of 60 wells located on over 2,000 acres in the Fort Worth basin in its expanding portfolio. The Company is also evaluating properties for Barnett Shale prospects.

About Universal Property Development and Acquisition Corporation

Universal Property Development and Acquisition Corporation (OTC Bulletin Board: UPDA - News) focuses on the acquisition and development of proven oil and gas reserves and other traditional and alternative energy opportunities through the creation of joint ventures with underfunded lease and technology owners.

About USPX

USProduction & Exploration, LLC, an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The Company's approach to developing depleted reservoirs and unconventional gas is innovative: it combines horizontal, multilateral, with under balanced drilling methods.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Contact:
Universal Property Development and Acquisition Corporation (561) 868-2071

Contact Information:
Universal Property Development and Acqui
Chris McCauley
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