Storm Cat Energy Provides Corporate Update

Storm Cat Energy Corporation today provided a corporate update. Storm Cat Energy President & CEO Scott Zimmerman is taking administrative leave from the Company for personal reasons. Mr. Zimmerman's leave is not related to any operational or financial issues with the Company nor the result of a disagreement with the Board of Directors over the strategic direction of the Company.

In his place, Storm Cat Energy's Board of Directors has appointed current Company Chief Operating Officer Keith Knapstad as acting President and Chief Executive Officer.

Mr. Knapstad, who joined Storm Cat Energy in April of 2005, has a broad range of experience in unconventional resources and natural gas. Prior to joining Storm Cat Energy Corporation, Mr. Knapstad most recently served as Manager of the Powder River Basin assets for J. M. Huber Corporation, a privately held corporation with extensive unconventional resource holdings.

Prior to Huber, he worked for Marathon Oil Company/Pennaco Energy in the Rocky Mountain region managing a multi-disciplined team responsible for engineering and development of various Rocky Mountain producing areas, especially the development of Marathon's coal bed natural gas prospects.

Acting President and CEO Keith Knapstad commented: "I look forward to working with the Board of Directors and the entire management team to keep Storm Cat moving forward. The Board and management remain fully supportive of the $31 million Series B financing which is subject to a shareholder vote later this month.

With the proceeds from this offering we will be able to continue our aggressive development in the Powder River Basin, move forward in the Fayetteville shale and continue our work in Canada. Our objective has always been to add shareholder value by growing the Company through the drill bit in prospects where we can apply our technical expertise. A successful vote on the Series B financing is a critical step in reaching this objective." -- www.cnxmarketlink.com