PPTL Premium Energy Corporation (CE)

Company expects to report Seismic interpretation results within a few days. Premium Petroleum Inc. (PINK SHEETS:PPTL) has engaged the well respected contracting firm of Boyd Exploration Consultants Ltd to conduct the shooting of its recently designed seismic program and is pleased to announce that the shoot has been completed and the data is now being processed. Interpretation results will be available within a few days. The seismic program is comprised of three seismic lines for a total of 8.6 km. The lines will tie in the neighbor's successfully tested well (3.4 mmcf/day AOF - absolute open flow) three quarters of a mile NW of our property and in addition will also incorporate parts of two neighboring sections along with the Company owned section. The objective of the seismic program is to create a picture of the geologic structure, which will assist in determining the optimum drill location. Bruce A. Thomson, B.A.Sc.; President & CEO, states "the power of seismic is that it raises the probability of success - in this case from an estimated 35% to an estimated 70% plus". About Premium Petroleum, Inc. Premium is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team. Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 6000 feet in depth. Management intends to pursue a growth strategy through Land Assembly, Joint Ventures (Farmin / Farmout), and Acquisitions. The Company has assembled a seasoned team of managers and technical professionals in the areas of geology, engineering, and legal. With the depth of the management and technical team PPTL has assembled, PPTL is poised for aggressive asset growth and development. For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com. This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission. Premium Petroleum, Inc. (PINK SHEETS:PPTL)