Bucking Horse Energy Inc. TSX: BUC

HOUSTON, TEXAS--(Marketwire - Oct. 6, 2008) - Bucking Horse Energy Inc. (TSX:BUC) (the "Company") announced today it has initiated the process to obtain a quotation on the International OTCQX Exchange ("OTCQX") and has appointed Dahlman Rose & Company, LLC ("Dahlman Rose") to act as its Investment Bank Principal American Liaison ("PAL").

Cliff Adams, Chief Executive Officer and Chief Operating Officer of the Company, said, "We are pleased with the opportunity to work with Dahlman Rose in pursuit of a quotation of shares of our common stock on OTCQX. The OTCQX has attracted a very select group of non-U.S. companies such as Wal-Mart De Mexico S.A.B. de C.V., Adidas AG, and BG Group Plc to list a few. We believe that the United States continues to be one of the largest investor markets in the world and that a U.S. quotation should significantly increase our exposure to U.S. institutional and retail investors and provide additional liquidity to shares of our common stock."

About International OTCQX

The OTCQX(SM) is a new listing service offered by Pink OTC Markets Inc. that provides a means for international companies that are already listed on qualified foreign stock exchanges (such as the Toronto Stock Exchange) to develop a presence in the U.S. securities markets. The OTCQX provides non-U.S. issuers with a platform on which to list securities and access liquidity in the U.S.

About Dahlman Rose & Company, LLC

Dahlman Rose is a full-service investment bank offering value-added research, trading, and advisory services for companies along the natural resources supply chain. The firm is headquartered in New York and has offices in Boston, Houston, New Orleans, and San Francisco. Dahlman Rose has a website at: http://www.dahlmanrose.com/.

About Bucking Horse Energy Inc.

The Company is an independent oil and gas exploration and production company with properties located in the prolific Pinedale field, in the Green River Basin of southwestern Wyoming. At year-end 2007, the Company had proved reserves of approximately 101 Bcfe, comprised of 95% gas. The Company's common shares are currently listed for trading on the Toronto Stock Exchange under the symbol "BUC".

On behalf of the Board of Directors:

Clifford Adams, CEO & COO

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements in this news release include that Dahlman Rose will act as the Company's PAL in connection with its application to obtain a quotation on the OTCQX; that the Company will work with Dahlman Rose in pursuit of a quotation on the OTCQX for the Company's common shares; that a United States quotation should significantly increase the Company's exposure to U.S. institutional and retail investors and provide additional liquidity to the Company's common shares.

The material factors or assumptions used to develop forward looking statements in this news release include: that Dahlman Rose will continue to act as the Company's PAL in connection with its application to obtain a quotation on the OTCQX; that the Company will obtain a quotation for its common shares on the OTCQX; that the Company's exposure to U.S. institutional and retail investors may be increased and that the Company's common shares may acquire additional liquidity.

The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. Further, the Company's Board may consider that market prices or unexpected requirements for the Company's cash make it unfeasible for the Company to continue or complete the process to obtain a quotation on the OTCQX.

The forward-looking statements contained in this news release represent the Company's expectations as of the date of this news release, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.