Galaxy Energy Shares to Begin Trading on American Stock Exchange

Galaxy Energy Corporation anticipates that its common stock will begin trading on the American Stock Exchange beginning Wednesday, November 23, 2005, under the trading symbol "GAX".

"We are very pleased that our company's application has been accepted and that our stock will trade on the American Stock Exchange," said CEO Marc E. Bruner. "We look forward to the opportunity for the company to reach the larger investment community that is available to companies trading on the major U.S. exchanges. This opportunity to increase our market presence and gain more visibility on Wall Street comes at a very interesting time in our company, as we are now beginning to explore our unconventional natural gas properties in the Piceance Basin."