Cheyenne Energy Inc.
TSX VENTURE : CHY

Cheyenne Energy Inc.

October 19, 2007 17:00 ET

Cheyenne Announces Operational Update at Hawk

CALGARY, ALBERTA--(Marketwire - Oct. 19, 2007) - Cheyenne Energy Inc. (TSX VENTURE:CHY) ("Cheyenne" or the "Company") would like to announce that operations have been completed on the 14-14 well at Hawk. The company has encountered both oil and gas from the formation however at this time it is not producing in commercial quantities.

Cheyenne is currently in discussions with a number of companies, some of which have expertise in the Gilwood formation, and is aiming to structure a deal to bring on a partner in the Hawk play. This partner would bring both financial support and operational expertise in order to exploit the full potential of the Hawk project.

Cheyenne Energy Inc. 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.

Cheyenne's shares are listed on the TSX Venture Exchange under the symbol CHY.

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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