Cheyenne Energy: Completion Ongoing of 14-14 Well at Hawk

Cheyenne Energy says that completion of the well at 14-14-97-20 W5 at Hawk is continuing. Slight mechanical problems have occurred, costing time to resolve, but the Company believes testing will be finished shortly. The weather has not been a factor to this point in finishing the completion.

After this well is completed, The Company will fully evaluate all the Hawk Hills Gilwood sands in order to gather information for further drilling in the area and to announce its future drilling plans.

The Company has a contiguous tract of 23 sections of land on a geologically defined structural high that trends both North East and South West with the primary target being the Gilwood zone. The Company has working interests of between 80% and 95% in these lands.

Cheyenne is a Calgary based oil and gas exploration and development company in Western Canada. It has positioned itself as a strong junior oil and gas producer through internal generation of core producing areas. The corporate strategy is organic growth through the drill bit, maintain high working interests and operatorship, develop core areas in geographic areas of expertise of management, all in order to maximize shareholder value.