CALGARY, ALBERTA--( Aug. 27, 2009) - Cygam Energy Inc. (Cygam) (TSX VENTURE:CYG - News) has filed the interim consolidated financial statements for the period ended June 30, 2009, the management discussion and analysis (MD&A) and additional information required to be filed pursuant to the requirements of the Canadian Securities Administrators.

Cygam Energy Inc. 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 six exploratory concessions in Italy and four exploratory concessions in Tunisia encompassing approximately 3.5 million gross acres (approximately 1.8 million net acres). Visit the Cygam website at www.cygamenergyinc.com for more information about Cygam.

This News Release includes certain "forward-looking statements" including estimates as to the unrisked and risk-adjusted prospective oil and gas resources attributable to the Permit, possibilities of a larger, multi-prospect potential existing within the Permit and, estimates of the quantities of petroleum that are potentially recoverable from the Permit. These estimates involve substantial known and unknown risks and uncertainties, many of which are beyond Cygam's control, including: the impact of general, global economic conditions in Canada and in Italy, industry conditions, changes in laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified operating or management personnel, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility, timing of operations, ability to carry out operations as planned, changes in capital commitments, ability to obtain financing, ability to find appropriate partners, and the ability to obtain required approvals from regulatory authorities. Cygam's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, of any of them do so, what benefits, including the amount of proceeds, that Cygam will derive therefrom. With respect to forward-looking statements made in this press release, Cygam has made assumptions regarding among other things, estimates of capital commitments, ability to generate future cash flows, access to credit facilities and capital markets or partners to meet capital commitments, future prices for crude oil and natural gas and geological and engineering estimates. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding interpretation of seismic 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 in carrying out the Corporation's drilling plans, including but not limited to unavailability of equipment and manpower, and there is no certainty that the drilling program will be carried out when scheduled. 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.

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

Contacts
Dario Sodero
Cygam Energy Inc.
President and Chief Executive Officer
Tel: (403) 802-6983
Fax: (403) 802-6984
dario.sodero@cygamenergyinc.com

Ali Rawji
Cygam Energy Inc.
Chief Financial Officer
Tel: (403) 802-6983
Fax: (403) 802-6984

Website: www.cygamenergyinc.com