Pearl E&P To Commence Trading On Toronto Stock Exchange

Wednesday, September 03, 2008

Pearl Exploration and Production Ltd. announces that its common shares will commence trading on the Toronto Stock Exchange as of the market opening on September 4, 2008.

The Company’s trading symbol “PXX” will remain the same. Pearl’s shares will be delisted from the TSX Venture Exchange at the close of market on September 3, 2008.

Keith Hill, President and CEO commented, "Pearl’s graduation to the Toronto Stock Exchange is a reflection of the Company's growth and it’s accomplishments to date and we look forward to further success in the months and years to come as we continue to unlock the value of our heavy oil assets and tap into the enormous potential and opportunities available in the North American heavy oil sector.”

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