PYR, Samson Move Closer Toward Merger

PYR Energy Corporation on Wednesday announced Samson Acquisition Corp., a wholly owned subsidiary of Samson Investment Company ("Samson"), on March 28, 2007, filed a Schedule TO with the SEC and commenced an unsolicited tender offer for all of the outstanding shares of common stock of PYR Energy Corporation ("PYR" or the "Company"). Samson and the Board of Directors of PYR held discussions on April 9, 2007, which resulted in an agreement in principle for a revised offer to purchase all of the outstanding shares of the common stock of the Company by Samson Acquisition Corp. for $1.30 per share in cash, subject to certain conditions, including the negotiation and execution of a definitive merger agreement.

The tender offer is currently scheduled to expire at midnight, New York City time, on Tuesday, April 24, 2007, unless the offer is extended. Samson anticipates extending the tender offer expiration date in connection with the revised offer, the terms of which will be set forth in a definitive merger agreement between the parties.

Subject to the successful negotiation of a definitive merger agreement and the receipt of a fairness opinion from its financial advisor, the Board of Directors of PYR Energy Corporation will recommend that PYR Energy shareholders accept the revised offer by Samson Acquisition Corp.