Pure Cycle to Discuss Recent Developments on the Lowry Range

THORNTON, CO--(Marketwire - March 18, 2008) - Pure Cycle Corporation (NASDAQ: PCYO) will hold a conference call at 11:00 AM Mountain (details below) to discuss statements made by Lend Lease relating to rights granted by the Land Board to the Company to construct reservoirs on the Lowry Range Property as well as the Company's exclusive rights to provide water service to the Lowry Range. The Company has filed a Form 8-K with the Securities and Exchange Commission which explains in greater detail the statements made by Lend Lease.

CALL INFORMATION
Toll free:             (800) 573-4752
International number:  (617) 224-4324
Passcode:               92311773

For questions, please contact Investor Relations at info@purecyclewater.com.

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 Annual Reports are available at www.purecyclewater.com, or you may contact our President, Mark W. Harding, at 303-292-3456.

Contact Information: Contact: Mark W. Harding President 303-292-3456