GW Grey Wolf,

Grey Wolf, Inc. (�Grey Wolf� or the �Company�) (AMEX:GW), announced today that Mr. David W. Wehlmann, Executive Vice President and Chief Financial Officer, will make a presentation at 11:45 a.m. MT (12:45 p.m. CT) on Thursday, August 14, 2008 during Enercom�s 2008 The Oil & Gas Conference�. Interested parties may listen to the presentation live over the Internet at www.gwdrilling.com. Please go to the website at least 10 minutes prior to start time to register. A replay of the webcast will be available at the same site for up to 15 days. Grey Wolf, Inc., headquartered in Houston, Texas, is a leading provider of contract oil and gas land drilling services in the best natural gas producing regions in the United States. The Company is also a leader in onshore turnkey drilling services.