Storm Cat Energy Corporation

Storm Cat Energy Corporation

January 10, 2005 09:01 ET

Storm Cat Energy Acquires Additional Alaskan Lands


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STORM CAT ENERGY CORPORATION

TSX VENTURE SYMBOL: SME

JANUARY 10, 2005 - 09:01 ET

Storm Cat Energy Acquires Additional Alaskan Lands

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2005) - Storm Cat Energy Corp.
(TSX VENTURE:SME) (the "Company") announces it has acquired an
additional Petroleum and Natural Gas lease in the Cook Inlet region of
Alaska. These lands comprise 3,757 acres in Township 17 North, Range 1
West, in close proximity of the18,369 acres recently acquired from the
Alaskan Mental Health Trust.

These lands are considered prospective for coalbed and conventional
natural gas. Rentals have been paid in the amount of $9,395.00 USD and
the lease is valid until December 31, 2008. Storm Cat has agreed to pay
all future rentals in exchange for a 100% working interest (84.8% net
revenue interest in Lease # ADL 389937).

The corporation also announces it has granted, under its Stock Option
Plan, incentive stock options to Ron Sutsch, International Landman,
based in Calgary and to Robert Penner, recently appointed Director, for
a total of 100,000 common shares in the capital of the company
exercisable for a period of five years ending on January 7, 2010, at a
price of $5.70 per share.

By Order of the Board of Directors

Storm Cat Energy Corporation

J. Scott Zimmerman, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Kottmeier Resolution Group
    Investor Relations
    Toll Free: 1-87STORMCAT (1-877-867-6228)
    Email: info@stormcatenergy.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.