Wysak Petroleum Acquires CoalBed Methane Lease in the Powder River Basin

Seattle, WA – April, 19 2004 - Wysak Petroleum (WYSK) has acquired a federal lease on a 320 acre property in the heart of the Powder River Basin region of Wyoming. The Company will conduct further analysis of the Powder River Basin property to determine the extent of CoalBed Methane that may be present on the land parcel.

The lease is located on the eastern side of the Powder River Basin. This region has an estimated 40 trillion cubic feet of CoalBed Methane. Numerous large petroleum exploration and development companies conduct operations in this basin area, they include firms such as Devon Energy, Williams and Western Gas.

"We believe that through further exploration and analysis we stand an excellent chance in finding economically viable CoalBed Methane on our Powder River lease. The economics appear strong in our current price environment,' commented Daniel Moar, President of Wysak.

CoalBed Methane (CBM) in Wyoming
Currently, over thirteen thousand wells are producing over 26,000,000 thousand cubic feet (Mcf) of coalbed methane in the state of Wyoming. Nearly all this activity is in the Powder River Basin area. Reserves in the Powder Basin are estimated at over 40 trillion cubic feet, the equivalent of a year's consumption for the entire U.S. Nearly 100 wells are being drilled each week, and the gas companies say the entire 8 million-acre basin could have 50,000 to 100,000 producing wells before they are finished. Much of this CBM is located less than five thousand feet deep. This play is the largest onshore development for natural gas in North America within the last ten years.

About Wysak Petroleum
Wysak is a diversified energy company whose goal is to identify and develop traditional fossil fuel sites, as well as clean air alternative energy producing technologies. Wysak trades in the U.S. under the symbol "WYSK'.

This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the companies believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in their businesses are set forth in the filings with the Securities Commissions.

Contact:
Wysak Petroleum Inc.
206-652-3310
info@wysak.com
www.wysak.com