April
3, 2006
Craig
Steinke Resigns from Storm Cat Energy
CALGARY
and DENVER ë (PR Newswire) ë April 3, 2006 ë Storm Cat Energy
Corporation (AMEX:
SCU; TSX.V:
SME) today announced that Craig Steinke has resigned
his position as Chairman of the Board and from its Board
of Directors.
Mr.
Steinke said: ÀI am very proud of the many accomplishments
and contributions made by the talented management and technical
teams at Storm Cat. Their unbridled passion for the oil
and gas business is a true reflection of the Storm Cat spirit.
Scott, his team and its Board of Directors possess all of
the skills to continue to move the Company forward long
into the future. It is for these reasons that I am comfortable
in stepping down to pursue other business opportunities.'
In order
to facilitate an orderly transition, Storm Cat has retained
Mr. Steinke until the end of 2006 under a personal services
consulting arrangement.
J. Scott
Zimmerman, Storm Cat President & Chief Executive Officer
said: ÀThe Board would like to thank Craig for his vision,
leadership and counsel. He provided an invaluable service
to Storm Cat during the critical early stages of the Companys
development. I want to personally thank Craig and, on behalf
of the Company, wish him well on his future endeavours.'
The
Company has embarked on a search for a suitable replacement
to fill the vacancy of Chairman of the Board. Michael Wozniak
has agreed to serve as lead director in this effort.
About
Storm Cat Energy
Storm
Cat Energy is an independent oil and gas company focused
on the pursuit, exploration and development of large unconventional
gas reserves from fractured shales, coal beds and tight
sand formations. The Company has producing properties in
Wyomings Powder River Basin, exploration and development
acreage in Canada and Alaska, and high-risk, high-reward
exploration acreage in Mongolia. The Company's shares trade
on the American Stock Exchange under the symbol ÀSCU' and
in Canada on the TSX Venture Exchange under the symbol ÀSME.'
Company
Contact:
Scott Zimmerman, President and Chief Executive Officer
Paul Wiesner, Chief Financial Officer
Phone: 87-STORMCAT
www.stormcatenergy.com
By
Order of the Board of Directors
Storm Cat Energy Corporation
J.
Scott Zimmerman
President and Chief Executive Officer
THE
TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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