CYGAM Energy Inc. (TSX VENTURE:CYG) ("CYGAM", or the "Company"), an emerging oil
and gas company with interests in Tunisia and Italy, announces that pursuant to
the terms and conditions of its stock option plan, it has granted 795,000 stock
options to purchase Common Shares of CYGAM (the "Options") to certain directors
and officers of the Company at an exercise price of $0.05 per share. The Options
vest immediately and expire one third on July 1, 2015, one third on July 1, 2016
and the remaining third on July 1, 2017.


Following the grant of these options there will be 12,871,867 stock options
outstanding. On July 6, 2014, 826,334 options expire and following these
expiries, there will be 12,045,533 stock options outstanding. The Company has
131,350,937 issued and outstanding common shares. 


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 and Tunisia. CYGAM currently holds various interests
in five exploratory permits in Italy plus two exploratory permits and the BBT
Production Concession in Tunisia which together encompass a total of
approximately 1.4 million gross acres. 


Neither the 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.


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


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