Grey Wolf Exploration Inc.
TSX : GWE

Grey Wolf Exploration Inc.

March 30, 2007 12:27 ET

Grey Wolf Files 2006 Disclosure Documents

CALGARY, ALBERTA--(CCNMatthews - March 30, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Grey Wolf Exploration Inc. ("Grey Wolf") (TSX:GWE) today announced that it has filed with Canadian securities regulators its audited financial statements for the year ended December 31, 2006 and related Management's Discussion and Analysis and its Annual Information Form ("AIF"), which includes the Statement of Reserves Data and Other Oil and Gas Information as required under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.

These documents are available on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedar.com and on Grey Wolf's website: www.greywolf.ca.

Grey Wolf is an Alberta-based oil and natural gas company involved in the development and production of natural gas and crude oil in the Western Canadian Sedimentary Basin. It's common shares trade on the Toronto Stock Exchange under the symbol "GWE".

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