PYR Energy Announces Commencement of Drilling Activities at Mallard Prospect, Wyoming Overthrust

PYR Energy Announces Commencement of Drilling Activities at
Mallard Prospect, Wyoming Overthrust 


DENVER, July 19  /PRNewswire-FirstCall/ -- PYR Energy Corporation (AMEX:PYR)
today reported that drilling activities have begun at the Company's Mallard
Prospect in the Wyoming Overthrust.  The #1-30 Duck Federal well, located
approximately nine miles northeast of Evanston, Wyoming, will test a potential
structural closure at the south end of the Whitney Canyon -- Carter Creek
Field.  PYR will participate with a 5% working interest in the drilling, and
will be carried to casing point for an additional 23.75% working interest. 
After casing point, PYR will have a 28.75% working interest in the initial test
well and all subsequent wells in the prospect.  It is estimated that the
drilling will take approximately 90 days to reach total depth.  PYR currently
controls 4160 net acres of leasehold within the Greater Duck AMI.

Whitney Canyon -- Carter Creek, discovered in 1978, currently produces natural
gas from multiple horizons outside of PYR's prospect acreage.  The main target
horizon at the Mallard Prospect is the Mission Canyon Formation at an estimated
depth of approximately 14,500 feet.  The Mission Canyon Formation has accounted
for 93% of the cumulative production from Whitney Canyon -- Carter Creek.

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, the San Joaquin Basin of California, 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,

[phone], or fax, [phone]



Web site:  http://www.pyrenergy.com/ 

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