Storm Cat Energy Corporation
TSX VENTURE : SME

Storm Cat Energy Corporation

July 05, 2005 09:01 ET

Storm Cat Finalizes Elk Valley Agreement

CALGARY, ALBERTA--(CCNMatthews - July 5, 2005) - Storm Cat Energy Corporation (TSX VENTURE:SME) (the "Company") announces, further to its June 9, 2005 news release, it has now secured senior management approval by all parties and finalized a Farmin & Joint Venture Agreement to earn a 50% working interest in a 77,775 gross acre natural gas from coal project in the Elk Valley area, in southeast British Columbia, Canada. Storm Cat anticipates initiating the reactivation of certain existing wells in July 2005 pending provincial permitting and approvals. In addition, Storm Cat anticipates spudding the first well on this project by October 2005.

By Order of the Board of Directors

Storm Cat Energy Corporation

J. Scott Zimmerman, President and Chief Executive Officer

Caution Regarding Forward Looking Statements

CAUTIONARY STATEMENT: This publication contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995. Such statements are based on the Company's current expectations, estimates and projections about the industry, management's beliefs and certain assumptions made by it; and involve a number of risks and uncertainties including but not limited to economic, competitive, governmental and geological factors effecting the Company's operations, markets, products and prices and other risk factors. Words such as "anticipates", "expects", "intends", "plans", "believes" or similar expressions are intended to identify forward-looking statements. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the volatility of natural gas prices, the possibility that exploration efforts will not yield economically recoverable quantities of gas, accidents and other risks associated with gas exploration and development operations, the Company's need for and availability of additional financing, and the other risk factors discussed in greater detail in the Company's various filings with the Securities and Exchange Commission and Canadian securities regulators, including the Company's Form 20-F dated June 23, 2004.


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