Pearl Exploration and Production Ltd.

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  Sep 3, 2008 - 16:45 ET
Pearl to Commence Trading on Toronto Stock Exchange on September 4, 2008

  CALGARY, ALBERTA--(Marketwire - Sept. 3, 2008) - Pearl Exploration and Production Ltd. ("Pearl" or the "Company") (TSX VENTURE:PXX)(FIRST NORTH:PXXS) is pleased to announce 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."

Pearl Exploration and Production Ltd. is a public company focused on converting its captured resources into reserves and becoming a substantial North American heavy oil project development company. Additional information on Pearl is available on the Company's website at

Pearl's Certified Advisor on First North is E. Ohman J:or Fondkommission AB.

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

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


Pearl Exploration and Production Ltd.
Keith Hill
President and Chief Executive Officer
(604) 689-7842
Pearl Exploration and Production Ltd.
Randy Neely
Chief Financial Officer
(403) 716-4054
Pearl Exploration and Production Ltd.
Sophia Shane
Corporate Development
(604) 806-3575

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