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Galaxy Energy Corporation Information to Be Available Through Standard & Poor's Market Access Program

    DENVER, Nov. 16 /PRNewswire-FirstCall/ -- Galaxy Energy Corporation
(OTC Bulletin Board: GAXI) announced today that its company information will
be made available via Standard & Poor's Market Access Program, an information
distribution service that enables subscribing publicly traded companies to
have their company information disseminated to users of Standard & Poor's
Advisor Insight and via S&P's Stock Guide database.  As part of the program, a
full description of Galaxy Energy Corporation will also be published in the
Daily News section of Standard Corporation Records, a recognized securities
manual for secondary trading in approximately 37 states under the Blue Sky
Laws.

    Galaxy Energy Corporation
    Galaxy Energy Corporation is an oil and gas exploration and production
company focusing on acquiring and developing coalbed methane properties in the
Powder River Basin of Wyoming and Montana and other unconventional and
conventional natural gas properties in East Texas and Europe.

    Company information distributed through the Market Access Program is based
upon information that Standard & Poor's considers to be reliable, but neither
Standard & Poor's nor its affiliates warrant its completeness or accuracy, and
it should not be relied upon as such.  This material is not intended as an
offer or solicitation for the purchase or sale of any security or other
financial instrument.

     Contacts:
     Galaxy Energy Corporation
     Information about Galaxy Energy Corporation may be found at the Galaxy
Energy Corporation Web site, http://www.galaxyenergy.com/, or by calling Brad
Long, Investor Relations/Galaxy Energy at (800) 574-4294, Bevo Beaven or Bill
Conboy at CTA Public Relations at (303) 665-4200, or Renmark Financial
Communications at (514) 939-3989.

     Standard & Poor's
     Media Relations contact:
     John Piecuch
     212 438-1102


SOURCE Galaxy Energy Corporation




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Related links:
  • http://www.galaxyenergy.com
    CONTACT:
    Brad Long, Investor Relations of Galaxy
    Energy, +1-360-945-0395, or +1-800-574-4294; or Bevo Beaven, Vice
    President, or Bill Conboy, Senior Account Executive, both of CTA
    Public Relations, +1-303-665- 4200; or Renmark Financial
    Communications, +1-514-939-3989; or John Piecuch, Media Relations
    of Standard & Poor's, +1-212-438-1102