EXHIBIT 99

JUNE 10, 2003
FOR IMMEDIATE RELEASE

             WYOMING OIL & MINERALS, INC. ANNOUNCES DIVIDEND; STOCK
                 DIVIDEND IN SUBSIDIARYDECLARED BY THE BOARD OF
                                    DIRECTORS


COLORADO SPRINGS, CO - Wyoming Oil & Minerals, Inc. (WYOG - OTCBB) announced
that its Board of Directors has approved a dividend in the form of the common
stock of its subsidiary, New Frontier Energy, Inc. The dividend will be paid in
the form of one share of New Frontier common stock for every one share of common
stock of Wyoming Oil & Minerals, Inc. As a result of the dividend, it is
expected that New Frontier Energy, Inc. will trade as a separate company.

     New Frontier Energy, Inc. is the oil and gas exploration and development
division of Wyoming Oil & Minerals, Inc. and is headquartered in Colorado
Springs Colorado. New Frontier participates in the exploration and development
of oil and natural gas in the Rocky Mountain Region, including its recently
announced Coalbed Methane Project in partnership with Cedar Ridge L.L.C.
Shareholders of record of Wyoming Oil & Minerals as of the close of business on
June 30, 2003, the record date, will be issued a certificate representing one
share of New Frontier Energy, Inc. for each share of Wyoming Oil & Minerals,
Inc. After the record date, the common stock of Wyoming Oil & Minerals will
trade "ex dividend."

     New Frontier Energy intends to file a registration statement with the
United States Securities and Exchange Commission covering the issuance of the
common stock dividend. Wyoming Oil & Minerals' stock transfer agent will mail
the new stock certificates in New Frontier Energy, Inc. upon the declaration of
an effective date of that registration statement .

         Wyoming Oil & Minerals,  Inc. is an independent  energy exploration and
development  company and through its operating  subsidiary New Frontier  Energy,
Inc.  participates in coalbed methane projects.  Wyoming Oil & Minerals,  Inc.'s
Blue Star Acid Service company subsidiary  provides oil field services in Kansas
and Oklahoma. Wyoming Oil is headquartered in Colorado Springs, Colorado and its
common stock is listed under the symbol "WYOG".

                          NEW FORWARD LOOKING STATEMENT
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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 without limitation, statements regarding the company's plan
of business operations, production of oil and natural gas, results of drilling
activity and completion of certain transactions. Factors that could cause actual
results to differ materially include, among others set forth in the Company's
filings with the Securities and Exchange Commission, the following:
acceptability of the Company's services in the market place, receipt of
necessary working capital to develop our properties, the success of our drilling
activities, access to delivery facilities, general economic conditions,
competition, regulatory approval and decisions of third parties over which the
Company has no control. Most of these factors are outside the control of the
Company. Investors are cautioned not to put undue reliance on forward-looking
statements. Except as otherwise required by applicable securities statures 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.

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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