Cheyenne Energy Inc.
TSX VENTURE : CHY

Cheyenne Energy Inc.

January 26, 2007 17:00 ET

Cheyenne Announces Change in Management

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2007) - Cheyenne Energy Inc. (TSX VENTURE:CHY)("Cheyenne" or the "Company") announced that effective January 26, 2007, Adeline Roth has resigned as Vice President, Finance and Chief Financial Officer to pursue other interests. Management and the Board of Directors wish to thank her for her dedication and contribution to the Company and wish her success in her future endeavours.

Cheyenne Energy Inc. is a public energy company engaged in the exploration for and development and production of crude oil and natural gas, primarily in Western Canada. Cheyenne's corporate strategy is to grow and develop oil and gas reserves through the drill bit and add value for its shareholders.

This press release contains forward-looking statements. These forward-looking statements can generally be identified as such because of the context of the statements including words such as the Company "believes", "anticipates", "expects", "plans", "may", "estimates" or words of a similar nature. These statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, readers are cautioned and no assurances can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them do so, what benefits that we will derive there from. The Company does not undertake any obligation to publicly update or revise any forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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