PYR Pyr Energy Corp

Mallard Well Completion Underway DENVER, Oct. 24 /PRNewswire-FirstCall/ -- PYR Energy Corporation (AMEX:PYR) today reported an update on Company operations. At the Mallard prospect, in Uinta County, Wyoming, the #1-30 Duck Federal well has reached total measured depth of approximately 15,110 feet. Based on analysis of drilling results, open-hole logs, and reservoir pressure measurements, the working interest partners have decided to cement a liner from total depth to the surface, and attempt completing the well. PYR is participating in the well with a 28.75% working interest. The Chism #1 well (Tortuga Grande Prospect) is currently undergoing completion activities. The Company is participating in the completion of the Travis Peak and Rodessa with its 28.57% working interest. At the Hansford Project in the Texas Panhandle, the Lackey Gas Unit #2 well began drilling operations on October 23, 2005. The Company is participating in the drilling of this PUD location with a 47.16% non-operated working interest. At the Wilburton Field in Oklahoma, the Schraff #5-1 well began drilling operations on September 13, 2005 and is currently drilling ahead below 13,000 feet. The Company is participating in the drilling of the well with a 2.42% non-operated working interest. Denver based PYR Energy is an independent oil and gas company primarily engaged in the exploration for and the development and production of natural gas and crude oil. At the current time, PYR's activities are focused in select areas of the Rocky Mountain region, East Texas, and the Gulf Coast. Additional information about PYR Energy Corporation can be accessed via the Company's web site at http://www.pyrenergy.com/. This release contains forward-looking statements regarding PYR Energy Corporation's future plans and expected performance based on assumptions the Company believes to be reasonable. A number of risks and uncertainties could cause actual results to differ materially from these statements, including, without limitation, the success rate of exploration efforts and the timeliness of development activities, fluctuations in oil and gas prices, and other risk factors described from time to time in the Company's reports filed with the SEC. In addition, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control. This press release includes the opinions of PYR Energy and does not necessarily include the views of any other person or entity. This release may not have been reviewed or approved by the operator and/ or participants in any of the projects discussed. DATASOURCE: PYR Energy Corporation CONTACT: Scott Singdahlsen, President of PYR Energy Corporation, +1-303-825-3748, fax, +1-303-825-3768 Web site: http://www.pyrenergy.com/

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