EXHIBIT 99.1

On April 13, 2004, the Registrant issued the following press release:

                 "PYR ENERGY REPORTS QUARTERLY FINANCIAL RESULTS

     DENVER - PYR Energy Corporation (AMEX:PYR) today announced unaudited
financial results for the three months ended February 29, 2004.

     For the quarter ended February 29, 2004, the Company recorded a net loss of
$401,858, or 2 cents ($0.02) per common share, compared with a net loss of
$1,087,836, or 5 cents ($0.05) per common share, for the quarter ended February
28, 2003. The decrease in net loss is due primarily to impairment charges in the
prior year totaling approximately $699,000, as opposed to the current year,
during which no impairment was charged.

     During the quarter ended February 29, 2004, the Company recorded $44,376 in
revenues from the sale of oil and natural gas production. Net of lease operating
expenses and taxes of $21,681, the Company reflected $22,695 in net revenues
from oil and gas operations. During the quarter ended February 28, 2003, the
Company recorded $46,494 in revenues from the sale of oil and natural gas
production. Net of lease operating expenses and taxes of $25,308, the Company
reflected $21,186 in net revenues from oil and gas operations. All Company oil
and gas revenues were a result of production from the East Lost Hills #1 well in
the San Joaquin Basin of California, which commenced its first production on
February 6, 2001.

     Interest income was $5,041 and $14,089 for the three month periods ended
February 29, 2004 and February 28, 2003, respectively. The Company incurred
$81,196 and $76,489 in interest expense in the quarters ended February 29, 2004
and February 28, 2003, respectively, associated with the convertible notes dated
May 24, 2002. General and administrative expenses associated primarily with the
Company's efforts to pursue its exploration projects totaled $285,442 for the
quarter ended February 29, 2004 and $345,237 for the quarter ended February 28,
2003.

     At February 29, 2004, the Company had cash of $2,647,813. Total assets of
$8,491,057, current liabilities of $1,000,959, and stockholders' equity of
$866,381. There were 23,701,357 common shares outstanding at February 29, 2004.

     Denver based PYR Energy is an independent oil and gas company primarily
engaged in the exploration for and the development and production of natural gas
and crude oil. PYR's activities are focused in select areas of the Rocky
Mountain region as well as the San Joaquin Basin of California. Additional
information about PYR Energy Corporation can be accessed via the Company's web
site at www.pyrenergy.com.

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     This release and the Company's website contain forward-looking statements
regarding PYR Energy Corporation's future plans and expected performance based
on assumptions the Company believes to be reasonable. A number of risks and
uncertainties could cause actual results to differ materially from these
statements, including, without limitation, the success rate of exploration
efforts and the timeliness of development activities, fluctuations in oil and
gas prices, and other risk factors described from time to time in the Company's
reports filed with the SEC. In addition, the Company operates in an industry
sector where securities values are highly volatile and may be influenced by
economic and other factors beyond the Company's control. This press release and
the Company's website include the opinions of PYR Energy and does not
necessarily include the views of any other person or entity."