Pearl Exploration and Production Ltd.



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  Dec 24, 2007 - 16:00 ET
Pearl Exploration and Production Ltd.: Corporate Update

  CALGARY, ALBERTA--(Marketwire - Dec. 24, 2007) - Pearl Exploration and Production Ltd. ("Pearl" or the "Company") (TSX VENTURE:PXX)(FIRST NORTH:PXXS) reports that it has granted an aggregate of 1,213,500 incentive stock options to certain directors and officers of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of Cdn $2.53 per share.

Pearl Exploration and Production Ltd. is a public company focused on growing our reserve base from our existing portfolio of large resource heavy oil projects in North American and profitability. Additional information on Pearl is available on our website at www.pearleandp.com.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:


Pearl Exploration and Production Ltd.
Keith Hill
President and Chief Executive Officer
(604) 689-7842
Email: khill@namdo.com

or

Pearl Exploration and Production Ltd.
Randy Neely
Chief Financial Officer
(403) 716-4054
Email: randy.neely@pxx.ca

or

Pearl Exploration and Production Ltd.
Sophia Shane
Corporate Development
(604) 806-3575
Email: sophias@namdo.com
Website: www.pearleandp.com
 
 

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