SpaceDev Adds Curt Blake to Board of Directors

POWAY, Calif. – September 6, 2000 – SpaceDev, Inc.
(OTCBB:SPDV), the world’s first publicly traded commercial space
exploration and development company, today announced that Mr.
Curt Blake of the Seattle area has been added to SpaceDev’s
Board of Directors. Mr. Blake joins Dr. Wesley T. Huntress, former
head of NASA’s Office of Space Sciences and now laboratory
Director of the Carnegie Institute of Washington, DC, as an
independent director on SpaceDev’s Board.

Mr. Blake brings to the SpaceDev Board years of top-level
experience in rapid growth, high-tech media-related companies. Mr.
Blake’s strengths include media deal negotiation, corporate
strategy, intellectual property rights, mergers and acquisitions and
public company legal experience.

“We are very excited that Curt has joined our Board of Directors,”
said Jim Benson, Chairman and CEO of SpaceDev. “We are
striving to put together a “Great Group” of stellar people which can
far exceed expectations of ordinary groups. Success requires
talent, and we are lucky in being able to attract top talent to
SpaceDev. Curt is top talent, and I believe SpaceDev will greatly
profit from his expert advice and assistance.”

“I am honored to accept this appointment to the SpaceDev Board,”
said Mr. Blake. “I have long been interested in space exploration,
and to be able to assist an innovative young company that brings a
pragmatic and profit driven mindset to this new field is very
exciting.”

As the COO of the Starwave Corporation from 1993 until 1999, Mr.
Blake managed business development, finance, legal and business
affairs, and operations for the world’s most successful collection of
content sites on the Internet. He developed business strategies,
financial models, and structured and negotiated venture
agreements for Starwave’s flagship site, ESPN Sportszone, at that
time the highest traffic destination site on the Internet. He also
developed and negotiated venture agreements with the NBA, NFL,
Outside Magazine and NASCAR to create sites around these
brands. Mr. Blake negotiated sale of controlling interest in
Starwave Corporation to Disney/ABC (NYSE:DIS).

Prior to Starwave, Mr. Blake worked at Corbis, where he led the
acquisitions and licensing effort to fulfill Bill Gates’ vision of creating
the largest taxonomic database of digital images in the world. Mr.
Blake acted as General Counsel to Aldus Corporation (now
NASDAQ:ADBE) from 1989 to 1992, where he was responsible for
all legal matters of the $125 million public corporation and its
subsidiaries. Prior to that, Mr. Blake was an attorney at Shidler,
McBroom, Gates and Lucas, during which time he was assigned
for five years as onsite counsel to the Microsoft Corporation
(Nasdaq:MSFT) where he was primarily responsible for the
domestic OEM/Product Support and Systems Software divisions,
in addition to licensing, software acquisition and joint venture
agreements for certain products. He frequently addressed issues
relating to anti-trust, intellectual property, and international trade
regulations law.

About SpaceDev. SpaceDev offers low-cost commercial missions
and spacecraft for earth and lunar orbiters, Mars orbiters and probe
carriers, and asteroid rendezvous and landers. We believe
SpaceDev’s sale of turnkey, fixed-price, commercial space
products is a leading edge innovation for the space industry.
SpaceDev offers fixed-price package delivery for science
instruments and technology demonstrations into earth orbit and
deep space and to other planetary bodies. SpaceDev and The
Boeing Company (NYSE: BA), announced this year that they have
teamed together to investigate opportunities of mutual strategic
interest in the commercial deep-space arena, including a variety of
small, low-cost, private deep-space mission initiatives formulated
by SpaceDev. Established in 1997, SpaceDev
(http://www.spacedev.com) is the world’s first publicly traded
commercial space exploration and development company.
SpaceDev’s offices are located near San Diego in Poway, California.

Jim Benson

CEO