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SpaceDev's Benson to Testify Before President Bush's Commission on Moon, Mars and Beyond POWAY, Calif. --(Business Wire)-- April 13, 2004 -- SpaceDev's (OTCBB: SPDV) founding Chairman and CEO, Jim Benson, has been invited, by President Bush's Commission on Moon, Mars and Beyond, to testify at a public hearing on April 16, 2004 at the Galileo Academy of Science and Technology, 1150 Francisco Street, San Francisco, California.Mr. Benson is expected to discuss the need for small, successful, innovative space technology companies to be given significant opportunities by NASA to show they have the Right Stuff to help make space happen for all of humanity. Mr. Benson is expected to explain SpaceDev's current advancements and how SpaceDev's technology can be expanded to include safe, economical suborbital and orbital human space travel. Furthermore, Mr. Benson is expected to discuss SpaceDev studies and designs that show private sector, small, high performance Mars and Moon orbiters can be built and flown at substantially lower costs than NASA missions such as NEAR (Near Earth Asteroid Rendezvous) and Lunar Prospector. Information about the President's Commission on Moon, Mars and Beyond is available at: http://www.moontomars.org. About SpaceDev SpaceDev (OTCBB: SPDV) creates and sells affordable and innovative space products and solutions to government and commercial enterprises. Upon founding SpaceDev in 1997, Jim Benson started the trend of successful computer entrepreneurs moving into the space development arena. For more information, visit www.spacedev.com. This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements relating to product development, business prospects and development of a commercial market for technological advances are based on the Company's current expectations. The Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures including, but not limited to, risks associated with new product development and availability of raw resources and suppliers, risks to marketed products and availability of financing and other sources of income, as well as risks discussed in the Company's periodic reports filed with the U.S. Securities & Exchange Commission. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release and to read it in conjunction with the Company's annual report on Form 10-KSB, including the consolidated financial statements filed therewith. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. |

