PXX Pearl Exploration And Production LT Com Npv

Pearl Exploration and Production Ltd. ("Pearl" or the "Company") (TSX
VENTURE:PXX)(FIRST NORTH:PXXS) is pleased to announce the appointment of Mr.
Randy Neely as Chief Financial Officer of the Company effective September 4,
2007. Mr. Neely brings over 15 years of progressively senior financial
management and leadership experience in accounting, auditing, corporate finance
with particular expertise in the oil and gas industry. Mr. Neely is joining
Pearl after recently resigning from Trident Exploration Corp. where he recruited
and led a top team of accounting, finance and information technology
professionals at this high growth company over the past 3 years. During this
period production at Trident grew from less than 1000 barrels of oil equivalent
per day to over 15,000 barrels of oil equivalent per day. Prior to joining
Trident, Randy was a vice president in the Calgary office of TD Securities
investment banking group and prior to that a senior manger with KPMG. Mr. Neely
has a Bachelor of Commerce degree from the University of Calgary and also holds
the designations of Chartered Accountant and Chartered Financial Analyst.


Mr. Neely will take responsibility for the strategic direction and leadership of
the finance group.


Keith Hill, President and CEO of Pearl commented, "I am very pleased to welcome
Randy to our team. His strong financial background and leadership skills will
further enhance the Company's management depth and be a great asset in our
projected growth strategy."


Mr. Neely commented, "I am very excited to be joining Pearl at such an important
point in its corporate evolution and I am looking forward to working closely
with Keith and all of my new colleagues to help Pearl achieve its full
potential."


Pearl is a public company focused on delivering disciplined growth by
establishing a North American portfolio of oil and gas projects with an emphasis
on large resource opportunities. Additional information on Pearl is available on
our website at www.pearleandp.com.


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.

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