Wyoming Oil & Minerals, Inc. Discovers Mistaken SEC Filing by Unrelated Company

Market Wire, February, 2005

Wyoming Oil & Minerals, Inc. (OTC BB: WYOI) announced today the discovery of an erroneous filing with the United States Securities and Exchange Commission ("SEC"). A filing on Form 10-QSB for Western Plains Energy, L.L.C. was posted on the SEC website under the Company's name on Feb. 14, 2005, as a result of clerical error by an Edgar filing service not associated with the Company. The Company wishes to clarify that it was not responsible for this error, that the filing is totally in error, and that it has no relationship to Western Plains Energy. The Company has contacted the SEC to report the mistake and expects that the filing will be deleted in the near future.

Certain statements contained herein and subsequent oral statements may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are identified by words such as "intends," "anticipates," "believes," "expects" and "hopes" and include statements that are based on currently available information which management has assessed, but which is dynamic and subject to rapid change due to risks and uncertainties that effect our business, including but not limited to the impact of competition and pricing, limited visibility into future demand, slower economic growth, the success of drilling activity within our contract area, oil and natural gas prices, the access to working capital to develop our plans and regulatory approval and decisions of third parties over which the company has no control. Investors are cautioned not to put undue reliance on forward-looking statements. Except as otherwise required by applicable securities statutes or regulations, the Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

For further information contact: Stephen W. Devanney Investor Relations P. O. Box 440486 Aurora, Colorado 80044-0486 Phone: 303-369-7128 E-mail: s_devanney@msn.com