ZB Capital Inc. transfers all assets to EuroGas AG

EuroGas Inc.'s ("EuroGas Inc." or "The Company") wholly-owned Zurich Switzerland based subsidiary ZB Capital Inc. has transferred on Dec. 19, 2011 by notarial deed all of the former assets of EuroGas Inc., which ZB Capital Inc. had previously acquired from EuroGas Inc. on November 17, 2011, to EuroGas AG, (www.eurogas-ag.com) a Swiss public company whith registered offices in Zurich, whose shares are trading on the Frankfurt Stock Exchange in Germany.

As consideration for the transfer EuroGas AG has issued 721.250.000 (721.25 million) EuroGas AG shares to ZB Capital Inc.. The Zurich Registry of Companies has recorded and published this transaction in its Daily Registry of Companies on December 20, 2012.

Subject to the approval of the US Securities and Exchange Commission (SEC), EuroGas Inc. will now determine a) the future direction and function of EuroGas Inc., and b) to which extent the current shareholders of EuroGas Inc. will participate in the distribution of the EuroGas AG shares by the Company and its wholly-owned Swiss subsidiary ZB Capital Inc..

Upon approval by the SEC of the Company's filings EuroGas Inc.'s Board of Directors will pass appropriate resolutions and will publish its decisions by further Press Release.