PFNO ParaFin Corporation New (CE)

ParaFin Corporation (PINKSHEETS: PFNO): Byron Ayme, Consulting Geophysicist for Parafin Corporation has pointed out to the President that the news release of March 10th, 2010 could be misinterpreted and asked that it be clarified.

After the re-interpretation of all existing seismic data, the Farm-out Agreement requires Parafin to drill a well to a depth of the shallowest of (1) eleven thousand five hundred (11,500) feet, (2) the bottom of the Devonian formation or (3) the basement underlying the site of the Farmout Obligation Well on the Alto Parana Concession.

Parafin Corporation plans to do extensive re-processing of all available 2D seismic data available in the area using the latest modern techniques available including depth conversion. The data will be mounted on work stations and interpreted in Houston, Texas and Calgary, Alberta where the labs have the most modern equipment available to do the re-interpretation of existing 2D seismic. Once the results of the re-interpretation of the existing 2D seismic is complete, well location will be determined from that data and drilling will commence.

Upon the establishment of production, new seismic will be done and a 3D survey employing state of the art technology will then be undertaken in order to determine the extent of the reservoir.

The Geophysical Report of Byron Ayme, Consulting Geophysicist, dated January 1, 2010, can be viewed on the Corporation web site at www.parafincorp.com.

Disclaimer Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the companys Form 10-KSB iling and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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