PYR Energy Announces Engagement of Financial Advisor

DENVER, Feb. 14  /PRNewswire-FirstCall/ -- PYR Energy Corporation (AMEX:PYR) announced today that it has engaged C.K. Cooper & Company, Inc. of Irvine, California to serve as financial advisor to the Board of Directors. Recently, the Company has received unsolicited offers to acquire its shares of common stock.  The Company retained C.K. Cooper to assist the Board in its evaluation of these offers as well as other strategic alternatives designed to enhance shareholder value, which may involve PYR remaining an independent public company. No formal decisions have been made and no agreements have been reached at this time.  There can be no assurances that any particular alternative will be pursued or that any transactions will occur, or on what terms.

C.K. Cooper & Company is a full service investment banking boutique headquartered in Irvine, California, with extensive experience in the oil and gas industry.  C.K. Cooper is focused on providing innovative investment banking solutions supported by sales and trading services; and portfolio advisory and management services for private clients along with superior and insightful research coverage.  The engagement is for an initial 90 day period that may be extended upon mutual agreement.

Commenting on this engagement, Ken Berry, PYR's President and CEO, stated, "C.K. Cooper is a well known firm that specializes in small oil & gas companies.  We look forward to working with C.K. Cooper and benefiting from their experience and expertise."

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 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 and the Company's website contain 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 and the Company's website include the opinions of PYR Energy and does not necessarily include the views of any other person or entity. 

DATASOURCE: PYR Energy Corporation



CONTACT:  Kenneth R. Berry, Jr., President, or Tucker Franciscus, VP,

both of PYR Energy Corporation, [phone], or fax, [phone]



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

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