JayHawk Energy Inc. – Recent Share Activity and Upcoming Drilling Program

JayHawk Energy, Inc. (OTCBB: JYHW) (Frankfurt: 35J) (“JayHawk” or the “Company”)) President Marshall Diamond-Goldberg would like to inform investors that the Company believes the December 2009 run-up in its share price was, in part, a function of information disseminated into the market independent of the Company and without its knowledge and that the subsequent decline has been a result of profit taking resulting in downward pressure.

The Company continues to prepare for its upcoming drilling program on its Crosby North Dakota oil project, which should be ready for drilling to commence in the latter part of February. Regulatory submissions and drilling contracts are in the works with a two well program initially being prepared. The results of these two wells will have an impact on the potential growth of the company, as the Company believes that each successful well may have the potential to increase Company net production by 50-100%.

JayHawk also continues to explore acquisition opportunities in order to expand the Company’s asset base and to diversify its portfolio. While the Company has no immediate acquisition plans any such acquisitions would likely be targeted toward oil production and development projects and may include both conventional assets as well as unconventional targets such as the Bakken shale. The Company is being very selective with respect to any acquisition targets in order to reduce risk and maximize the potential associated with activity on the assets.

Mr. Diamond-Goldberg expressed his belief that while it is unfortunate that the Company’s stock price has demonstrated volatility in the market over the past six weeks, that such fluctuations are not reflective of the Company’s ongoing commitment to building shareholder value through increasing production among its current holdings and identifying future potential acquisition targets that complement the Company’s current business operations.

About JayHawk Energy, Inc.

JayHawk Energy, Inc. is a managed risk, oil and gas exploration/exploitation, development and production company with activities focused on two major projects in the Cherokee Basin, Kansas and the Williston Basin, North Dakota. For more information please visit www.jayhawkenergy.com.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Examples of such disclosures would be statements regarding “probable,” “possible,” or “recoverable” reserves among others.

Management hopes these transactions will bring additional value to the shareholders of JayHawk Energy. There is no guarantee that the projects that JayHawk has recently acquired will increase the value of its shares of common stock, or that JayHawk will acquire rights to explore and operate any other such projects, or that in the event that it acquires rights to explore and operate other such projects, that these actions will be successful or increase the value of JayHawk’s common stock.

This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. There are many factors that could cause our expectations and beliefs about our plans to acquire additional exploration or production properties, our plans to drill or our drilling results to fail to materialize: competition for new acquisitions, availability of capital, unfavorable geologic conditions, the complexity of coal bed methane exploration and production, and prevailing prices for natural gas and general regional economic conditions. JayHawk assumes no obligation to update the information contained in this press release.