CALGARY, Alberta and DENVER, June 30 /PRNewswire-FirstCall/ -- Storm Cat Energy Corporation (Amex: SCU; TSX: SME) is pleased to announce that the Company's shareholders approved all special and routine business matters submitted for their consideration at the annual general and special meeting held in Vancouver, B.C. yesterday afternoon. Shareholders passed a special resolution amending the Articles of the Company to, among other things, create a class of Preferred Shares issuable in series. In addition, resolutions were adopted to: (i) give the directors the authority to seek additional equity financing over the coming year; (ii) adopt a Restricted Share Unit Plan; and (iii) to amend the Company's Share Option Plan to, among other things, increase the number of Common shares reserved for issuance under the Plan. Hein & Associates LLP were re-appointed auditors for the ensuing year, and the following persons were elected to the Company's Board of Directors: J. Scott Zimmerman, Michael O'Byrne, Robert D. Penner, Michael J. Wozniak, Robert J. Clark, David G. Wight, and Jon R. Whitney. Further particulars about the Company's annual meeting can be found in the Company's management proxy circular dated May 12, 2006. At the Directors' meeting held immediately following the annual shareholders' meeting, the Directors appointed the following officers to serve for the ensuing year: J. Scott Zimmerman, President and Chief Executive Officer; Paul Wiesner, Secretary, Treasurer and Chief Financial Officer; Keith Knapstad, Vice-President, Operations (USA); and, Don Martin, Vice-President, Canada & International Operations. Other routine business was approved at the meeting of the Directors, including the appointment of members of the Audit, Compensation, and Nominating Committees, the creation of and appointment of members to an Executive Committee and the adoption of an Executive Committee Charter, and increasing the quorum requirement for Directors meetings. In addition, the Board approved amendments to the Company's equity compensation plans to bring them in line with the rules and policies of the Toronto Stock Exchange. About Storm Cat Energy Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The Company has producing properties in Wyoming's Powder River Basin, exploitation and development acreage in Canada and Alaska, and high-risk, high-reward exploration acreage in Mongolia. The Company's shares trade on the American Stock Exchange under the symbol "SCU" and in Canada on the Toronto Stock Exchange under the symbol "SME." NO STOCK EXCHANGE HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. DATASOURCE: Storm Cat Energy Corporation CONTACT: Scott Zimmerman, President and Chief Executive Officer, or Paul Wiesner, Chief Financial Officer, both of Storm Cat Energy Corporation, +1-87-STORMCAT Web site: http://www.stormcatenergy.com/

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