DENVER, Oct. 15 /PRNewswire-FirstCall/ -- Gasco Energy, Inc. (OTC Bulletin Board: GASE - News) today announced John A. Schmit joins its Board of Directors, effective immediately. Gasco's total number of non-executive Board members is six. Since May 1997, Mr. Schmit has been Vice President of Investments for RENN Capital Group, Inc., a registered investment advisor, where he is a portfolio manager of closed-end funds. From September 1992 to September 1994, he practiced law with the Amarillo, Texas-based law firm of Gibson, Ochsner & Adkins. He holds a BBA in Finance from Texas Christian University, a JD from the University Of Oklahoma College Of Law and an LLM in International and Comparative Law from The Georgetown University Law Center. Mr. Schmit is also a Vice President of Renaissance Capital Growth & Income Fund III, Inc., a publicly traded closed-end fund, and a director of Obsidian Enterprises, Inc.

Mark A. Erickson, Gasco Chief Executive Officer said: "We're pleased to welcome John to Gasco's Board of Directors. John brings a wealth of experience and wisdom to Gasco as he has helped many growth-oriented companies like Gasco. His experience and background are very complementary to the other talented members of the Board, and I am looking forward to his contributions as we continue progressing on our exciting natural gas projects."

About Gasco Energy
Gasco Energy, Inc. is a Denver-based natural gas and oil exploitation and development company that focuses on natural-gas-rich prospects in the Rocky Mountain area of the United States. The Company currently is active in the Uinta Basin in Utah and in the Greater Green River Basin of Wyoming. To learn more, visit www.gascoenergy.com .

Forward-looking Statements
Certain statements set forth in this press release relate to management's future plans, objectives and expectations. Such statements are forward-looking within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding the Company's future financial position, potential resources, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "project," "estimate," "anticipate," "believe," or "continue" or the negative thereof or similar terminology. Although any forward-looking statements contained in this press release are to the knowledge or in the judgment of the officers and directors of the Company, believed to be reasonable, there can be no assurances that any of these expectations will prove correct or that any of the actions that are planned will be taken. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual performance and financial results in future periods to differ materially from any projection, estimate or forecasted result. Some of the key factors that may cause actual results to vary from those the Company expects include inherent uncertainties in interpreting engineering and reserve or production data; operating hazards; delays or cancellations of drilling operations because of weather and other natural and economic forces; fluctuations in oil and natural gas prices in response to changes in supply; competition from other companies with greater resources; environmental and other government regulations; defects in title to properties; increases in the Company's cost of borrowing or inability or unavailability of capital resources to fund capital expenditures; and other risks described under "Risk Factors" in Part I, Item 1 of the Company's latest Annual Report on Form 10-K filed with the Securities and Exchange Commission.