SOURCE: Wysak Petroleum Inc.

August 18, 2005 17:00 ET

Wysak Petroleum Updates Powder River Basin Progress

SEATTLE, WA -- (MARKET WIRE) -- August 18, 2005 -- Wysak Petroleum (OTC: WYSK) continues to focus on its oil & gas property acquisitions in the Powder River Basin of Wyoming. The Company will continue its property evaluation for future potential expansion in the region.

The Powder River basin boasts a high-success rate of profitable discoveries; this has given Wysak great confidence as it moves forward in its evaluation of additional properties. Wysak's business strategy is focused on the exploration, acquisition, and expansion of low-risk projects with significant resource potential in the Powder River Basin.

In addition to the 4 Powder River Basin property leases, Wysak has one in the Bighorn Basin region and another in the Green River Basin. Numerous large petroleum and exploration firms operate nearby all these properties; they include Williams Gas, ExxonMobile and Duke Energy among others.

Powder River Basin

This Basin has an estimated at 31.8 trillion cubic feet of natural gas. Nearly 100 wells are being drilled each week, and estimates for a fully developed basin are at nearly 100,000 wells. This is the largest onshore natural gas play in North America within the last ten years.

About Wysak Petroleum

Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing technologies. Wysak trades in the U.S. under the symbol "WYSK."

Safe Harbor for forward-looking statements

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Wysak Petroleum Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Wysak Petroleum Inc. expressly disclaims any obligation to update the statements contained in this release.

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