About Storm Cat Energy Corporation

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 Wyoming's Powder River Basin, exploration and development acreage in Canada, Arkansas and Alaska. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME."

By Order of the Board of Directors
Storm Cat Energy Corporation

J. Scott Zimmerman
President and Chief Executive Officer

Company Contact:
Scott Zimmerman, President and Chief Executive Officer
Paul Wiesner, Chief Financial Officer
Phone: 87-STORMCAT
www.stormcatenergy.com



Forward-looking Statements

CAUTIONARY STATEMENT: This press release contains certain Üforward-looking statements�, as defined in the United States Private Securities Litigation Reform Act of 1995 relating to matters such as the Companyäs drilling and other exploration plans and projected well economics. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words Üexpects,� Üplans,� Üanticipates,� Übelieves,� Üintends,� Üestimates,� �projects,� Üaims,� Üpotential,� Ügoal,� Üobjective,� Üprospective,� and similar expressions, or that events or conditions Üwill,� Üwould,� Ümay,� Ücan,� Ücould� or Üshould� occur. Forward-looking statements are based on the beliefs, estimates and opinions of Storm Catäs management on the date the statements are made; including production and reserve estimates, and potential benefits to Storm Cat of such acquisitions; they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Storm Cat undertakes no obligation to update these forward-looking statements if managementäs beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, but are not limited to receipt of necessary approval from regulatory bodies, the failure to achieve the anticipated benefits of the acquisition, the failure to close the acquisition, the volatility of natural gas prices, the possibility that exploration efforts will not yield economically recoverable quantities of gas, accidents and other risks associated with gas exploration and development operations, the risk that the Company will encounter unanticipated geological factors, the Companyäs need for and availability of additional financing, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Companyäs exploration and development plans, and the other risk factors discussed in greater detail in the Companyäs various filings on SEDAR (www.sedar.com) with Canadian securities regulators and its filings with the U.S. Securities and Exchange Commission, including the Companyäs Form 20-F for the fiscal year ended December 31, 2005.