Morgan Highpoint John Bowen No. 2 site prepped and ready for logging



    TSX Venture: AUL

    VANCOUVER, Dec. 18 /CNW/ - Austin Developments Corp. (the "Company" or
"Austin") is pleased to announce that it has been informed by its joint
venture partner Montello Resources Ltd. ("Montello" or the "Operator") that
the Morgan Highpoint John Bowen No. 2 well site has been cleared and is fully
prepped for Haliburton to commence logging. The John Bowen No. 2 well has been
drilled and cased to depth of 9,557 feet and the drill rig has been
demobilised and released from the well site. The operator has informed Austin
that as per the news release dated, November 14, 2007, that the logging of the
Bowen No. 2 well should occur as early as mid January 2008.

    On behalf of the Board of Directors

    Austin Developments Corp.

    Per:

    "Patrick Power"
    ---------------------------------------
    Patrick Power
    President and Director

    Statements Regarding Forward-Looking Information: Some statements
contained in this news release are forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain and involve
risks and uncertainties that could cause actual results to differ materially.
There can be no assurances that future developments affecting Austin will be
those anticipated by management.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: on this, or any other of Austin's projects,
please visit our web site at www.austindevelopments.com

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AUSTIN DEVELOPMENTS CORP.

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