CYG Cygnus Metals Limited

CYGAM Energy Inc. ("CYGAM") (TSX VENTURE:CYG) is pleased to provide an
operational update regarding the El Bell exploration well on the Sud Remada
permit and activities on the TT Field in the Bir Ben Tartar Production
Concession (the "BBT Concession") in Tunisia. Through a wholly-owned subsidiary,
CYGAM holds a 14% working interest in the Sud Remada permit and the BBT
Concession. The Sud Remada permit and the BBT Concession are held under
Production Sharing Agreements with Enterprise Tunisienne D'Activites de
Petrolieres ("ETAP") together with joint venture partner Chinook Energy (86%
interest and operator).


The El Bell-1 exploration well on the Sud Remada permit has been cased and
suspended pending further analysis of wireline testing information. Depending on
the results of further interpretation, the well will either be completed and
production tested in the target Ordovician zone, completed for use as a water
source well in a shallow water bearing zone, or abandoned.


The well was spud June 6, drilled to a total depth of 1,375 meters, evaluated
and rig released on June 24, 2013 at an estimated gross cost of $3.4 million.


The Foradex 14 drilling rig has been moved back to the BBT Concession where it
will perform completion and workover operations for approximately ten days prior
to moving to the next development well location, TT20. TT20 will be the third of
a planned six to seven well 2013 drilling program on the TT Field.


About CYGAM Energy Inc.

CYGAM is a Calgary based exploration company with extensive international
exploration permits and a producing property in Tunisia. The main focus of CYGAM
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 permits in Italy plus
three exploratory permits and the BBT Production Concession in Tunisia which
together encompass a total of approximately 2.6 million gross acres.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release 


Forward-Looking Information

In the interest of providing shareholders and potential investors with
information regarding CYGAM, including management's assessment of the future
plans and operations of CYGAM, certain statements contained in this news release
constitute forward-looking statements or information (collectively
"forward-looking statements") within the meaning of applicable securities
legislation. In particular, this news release contains, without limitation,
forward-looking statements pertaining to: results of wireline data evaluation,
well testing; future drilling; operations (including the number of wells,
locations, timing and target zones); and potential uses for the El Bel-1
exploration well. 


With respect to the forward-looking statements contained in this news release,
CYGAM has made assumptions regarding, among other things: the ability of the
Operator to continue to operate in Tunisia with limited logistical, security and
operational issues; the ability of the Operator to obtain equipment in a timely
manner and to carry out drilling and completion operations; the results of
geological, geophysical and reservoir analysis and testing and completion
operations; commodity prices; the receipt of required regulatory approvals;
global economic conditions. Although CYGAM believes that the expectations
reflected in the forward-looking statements contained in this news release, and
the assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will prove to be
correct. Readers are cautioned not to place undue reliance on forward-looking
statements included in this news release, as there can be no assurance that the
plans, intentions or expectations upon which the forward-looking statements are
based will occur. 

By their nature, forward-looking statements involve numerous assumptions, known
and unknown risks and uncertainties that contribute to the possibility that the
forward-looking statements will not occur, which may cause CYGAM's actual
performance and financial results in future periods to differ materially from
any estimates or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, without limitation: political and security risks associated with the
Operator's Tunisian operations, risks associated with oil and gas exploration,
development, exploitation, production, marketing and transportation, loss of
markets, volatility of commodity prices, currency fluctuations, imprecision of
reserve and resource estimates, inability to retain drilling rigs and other
services, capital expenditure costs, including drilling, completion and
facilities costs, unexpected decline rates in wells, delays in projects and/or
operations, wells not performing as expected, delays resulting from or inability
to obtain the required regulatory approvals, CYGAM's ability to access
sufficient capital from internal and external sources; and risks associated with
the operation of CYGAM's assets by third parties, including the limited ability
of CYGAM to exercise influence over the operation of those assets or their
associated costs, the timing and amount of capital expenditures, the operator's
expertise and financial resources, the approval of other participants, and the
selection of technology and risk management practices. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements. Readers are cautioned that the forgoing list of factors is not
exhaustive. Additional information on these and other factors that could effect
CYGAM's operations and financial results are included in reports on file with
Canadian securities regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com). Furthermore, the forward-looking statements contained
in this news release are made as at the date of this news release and CYGAM does
not undertake any obligation to update publicly or to revise any of the
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CYGAM Energy Inc.
David Taylor
President and Chief Executive Officer
403 605 5117
david.taylor@cygamenergy.com


CYGAM Energy Inc.
Al Robertson
Chief Financial Officer
403 452 6883
al.robertson@cygamenergy.com

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