Cygam Energy Inc.

Cygam Energy Inc.

April 25, 2008 09:00 ET

Cygam Energy Inc. Provides Update on Drilling Operations in Tunisia

CALGARY, ALBERTA--(Marketwire - April 25, 2008) - Cygam Energy Inc. ("Cygam" or the "Corporation")(TSX VENTURE:CYG) is pleased to announce that the TT2 exploration well on the Sud Remada permit in southern Tunisia reached total depth of 1500m in the Ordovician Kasbah Leguine formation on April 16th, 2008. The well was drilled without incident or accident by High Arctic's Rapad Rig 2. The Sud Remada permit is located in the Ghadames Basin and is approximately 1.2 million acres in size. Cygam's working interest in the well and in the entire permit is 14%. Storm Ventures International Inc. is the operator and has a 71% working interest; Madalena Ventures Inc. is also a partner with a 15% interest in the well.

The operator's pre-drilling expectation of encountering a 50 meter gross hydrocarbon column in the Ordovician Bin Ben Tartar quartzites appears to have been achieved. A 60 meter core was cut through the potential reservoir and a full suite of open-hole logs was run. The well is currently being tested open-hole and will be cased for completion and extended production testing to determine commerciality. Depending upon the outcome of the core evaluation and the initial testing program, the well may require fracture stimulation to achieve commercial flow rates. Timing of this subsequent operation is likely to be within 60 to 90 days from rig release, subject to equipment availability. An additional announcement will be made following completion of the testing operations.

Cygam is a Calgary based exploration company with producing oil and gas properties in Canada and extensive international exploration concessions. The main focus of the Corporation is the acquisition, exploration and development of international oil and gas permits, primarily in Italy, Tunisia and the Mediterranean region. Cygam currently holds various interests in five exploratory concessions in Italy and four exploratory concessions in Tunisia encompassing approximately 4 million gross acres (approximately 2.8 million net acres). Visit the Cygam website at for more information about Cygam.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding interpretation of seismic and well data, future plans and objectives of Cygam Energy Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated or expected in such statements. In particular, various factors can cause delays or prevent the Corporation from carrying out its testing and completion programs as scheduled, including but not limited to unavailability of equipment, funding and manpower or delays in the equipment reaching the Sud Remada permit. There is no certainty that the Sud Remada testing and fracture stimulation programs will be carried out as scheduled or that they will be successful in establishing commerciality. Important factors that could cause actual results to differ materially from Cygam's expectations are risks detailed herein and from time to time in the continuous disclosure filings made by Cygam with securities regulators on the System for Electronic Document Analysis and Retrieval (SEDAR) at

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

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