Pure Cycle Corporation Adds Arthur 'Bart' Epker to its Board of Directors

Pure Cycle Corporation (NASDAQ: PCYO) announced the appointment of Arthur "Bart” Epker to its Board of Directors effective August 2, 2007. Mr. Epker will serve until the next Annual Stockholders Meeting. "Bart brings a wealth of financial experience and leadership to our Board that will greatly benefit all stockholders and the Company," said Mark W. Harding, President of Pure Cycle. Concurrent with his election to the board, Mr. Epker was appointed to chair the Board’s "CAA Committee,” which monitors and reviews the Company’s "CAA” agreement, which is explained in greater detail in the Company’s latest Form 10-Q filed with the Securities and Exchange Commission. About Bart Epker Since 1992, Mr. Epker has been a partner with PAR Capital Management, Inc., a private investment company located in Boston, MA. Mr. Epker does not currently serve on any other public company boards of directors. Mr. Epker received a Bachelor of Science degree from the University of Michigan and a MBA from Harvard Business School. Company Information Pure Cycle owns water assets in several river basins in the State of Colorado as well as certain aquifers in the Denver, Colorado, metropolitan area. Pure Cycle provides water and wastewater services to customers located in the Denver metropolitan area including the design, construction, operation and maintenance of water and wastewater systems. Additional information including our recent press releases and fiscal year ended August 31, 2005 Annual Report are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, at 303-292-3456.