Cheyenne Energy Inc.

Cheyenne Energy Inc.

March 12, 2007 09:00 ET

Cheyenne Announces Plans for Hawk

CALGARY, ALBERTA--(CCNMatthews - March 12, 2007) - Cheyenne Energy Inc. (TSX VENTURE:CHY)("The Company")announces that it will commence drilling of its next well at Hawk Hills with the regulatory licence approval of 14-14-097-20 W5M. Drilling will begin on March 13, 2007.

The Company is excited to continue the exploration of its Hawk play in order to further delineate this field. The Company has spent significant time developing a mud and drilling program to overcome past production problems.

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 from this location with the primary target being the Gilwood zone. Cheyenne has working interests of between 80% and 95% in these lands.

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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