Does a 1995 Pontiac Grand Am SE with 4-cylinder have an air release valve in the cooling system?

No, a 1995 Pontiac Grand Am SE with a 4-cylinder engine does not have a traditional, easily accessible air release valve like some other vehicles. The cooling system is designed to bleed air automatically through the bleed points integrated into the system itself. Air typically escapes during normal operation as the system pressurizes. If you're experiencing air in the system, you'll need to properly bleed the system using other methods, such as running the engine with the radiator cap off (carefully and following safety precautions) or using a pressure bleeder tool.