Phoenix Associates Division, Murphy Sand & Gravel, Commits to 24 Hr/Day, 6 Day/Week Mining Operation

Intense Demand for Gravel & Sand Drives Growth at MS&G's Pearl River, Louisiana Mine; Five Mining Sites to Be Operational Within Three Months

Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced that the Murphy Sand & Gravel Division of Phoenix (MS&G) will go to a 24 hour per day, 6 day per week sand and gravel operating schedule as of March 2007.

Paul Alonzo, Chairman and CEO of Phoenix, stated, "Demand is so intense for our gravel and sand products, that with the Cherokee Environmental agreement commencing deliveries, we must increase the production volume from the MS&G mine immediately. To meet our growing production demands we will be continuing to bring in and install new equipment to provide for additional production sites at the mine."

MS&G currently has two operational sites producing sand and gravel products. In line with plans to significantly expand production capacity to keep up with demand, a new 14x12 dredge is to arrive on or about Tuesday, March 6th. Once this new dredge is connected to a screening plant, MS&G will have three operational production lines. The Company's plans call for five operating sites at the mine to be producing sand and gravel products within 60-90 days.

Mr. Alonzo added, "Upon bringing our production operation up to five production sites over the next two to three months, we will then be able to take on contracts for our gravel and sand products from a number of new customers that we are not now able to handle."

Additionally, Phoenix management has decided to install a web cam at the MS&G site. The web cam will be linked to the Phoenix web site so that shareholders will be able to view ongoing operations and future expansion activities at the Pearl River mine site. Shareholders will be informed once this web cam is operational.

About Phoenix Associates Land Syndicate (PBLS)

Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz

Forward-Looking Statements

This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.

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