Cygam Energy Inc.

Cygam Energy Inc.

April 30, 2007 19:31 ET

Cygam Energy Inc. Announces Filing of Annual Financial Statements and Reserve Report

CALGARY, ALBERTA--(CCNMatthews - April 30, 2007) - Cygam Energy Inc. (Cygam) (TSX VENTURE:CYG) has filed the annual consolidated financial statements for the year ended December 31, 2006, the management discussion and analysis (MD&A) and additional information required to be filed pursuant to the requirements of the Canadian Securities Administrators.

Cygam has also filed a Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2006, which contains additional information on Cygam's reserves as required under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Copies of these documents can be accessed electronically through the SEDAR system at

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 basin. Cygam currently holds various interests in five exploratory concessions in Italy and four exploratory concessions in Tunisia encompassing approximately 4 million gross acres (approximately 2.7 million net acres). Visit the Cygam website at for more information about Cygam.

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

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