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Cygam Energy Inc.

Cygam Energy Inc.

News Release

March 28, 2008

CYGAM ENERGY INC. ANNOUNCES COMMENCEMENT OF DRILLING AT SUD REMADA IN TUNISIA.
CYGAM ENERGY INC. (TSX Venture Exchange: CYG)

Calgary, Alberta, March 28, 2008. Cygam Energy Inc. (“Cygam” or the “Corporation”) is pleased to announce the commencement of drilling of the TT-2 exploratory well on the Sud Remada permit operated by Storm Ventures International Inc.

The TT-2 well is being drilled on a large Ordovician structure, with indicated areal extent of approximately 70 square kilometres, which was mapped on the basis of extensive older vintage seismic coverage and new 2-D seismic data acquired in mid 2007. The well will be drilled approximately one kilometre from an older well (TT-1), drilled in 1959, which recovered light oil and gas on limited tests. New 2D seismic data indicates that the TT-2 location should encounter the target Ordovician Bir Ben Tartar sandstones 15 to 20 metres higher than in the TT-1 well. It is expected that drilling and testing operations in this 1,600 metre well will last approximately 30 days.

The Sud Remada permit covers an area of 1,173,215 acres and has exploratory potential in the Ordovician, Silurian Acacus and Triassic Ras Hamia formations. All three zones have commercial production in adjoining blocks in Tunisia and Libya. The 2D seismic program conducted over the Block during 2007 has also delineated additional prospective structures which are under review for future drilling. The Corporation has a 14% working interest in the TT-2 well and the Sud Remada permit.

Cygam is a Calgary based exploration company with producing oil and gas properties in Canada and extensive international exploration concessions. The main focus of the Corporation is the acquisition, exploration and development of international oil and gas permits, primarily in Italy, Tunisia and the Mediterranean basin. Cygam currently holds various interests in five exploratory concessions in Italy and four exploratory concessions in Tunisia encompassing approximately 4 million gross acres (approximately 2.7 million net acres). Visit the Cygam website at www.cygamenergyinc.com for more information about Cygam.

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding interpretation of seismic and well data, future plans and objectives of Cygam Energy Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated or expected in such statements. In particular, various factors can cause delays or prevent the Corporation from carrying out the Bhayra Rigo # 1 testing program as scheduled, including but not limited to unavailability of equipment and manpower. The existence of discoveries in structures and formations in the regions where Cygam has permits does not necessarily assure that the company will be successful. Important factors that could cause actual results to differ materially from Cygam’s expectations are risks detailed herein and from time to time in the continuous disclosure filings made by Cygam with securities regulators on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

 

For further information please contact:

Dario Sodero, President or
Ali Rawji, Chief Financial Officer
Tel: (403) 802-6983, Fax: (403) 802-6984
E-mail: dario.sodero@cygamenergyinc.com or ali.rawji@cygamenergyinc.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release