Primeline: Jennings Capital to Initiate Coverage

Primeline Energy Holdings Inc., listed on the TSX Venture Exchange Inc. under the trading symbol "PEH," is pleased to announce that Jennings Capital Inc. initiated coverage of the company on July 14, 2006, with a Speculative Buy Recommendation.

Investment Highlights:

--existing gas discovery
--large concession with favorable fiscal terms
--concession close to ready market
--management has good operating record.

Jennings Capital Inc. acted as agent for the company for the April 2006 financing whereby a total of 16,666,666 units were issued and sold at a price of $1.50 per unit, for aggregate gross proceeds of $25 million. The firm is noted for their focus on high-growth areas in oil and gas production and exploration companies, oil and gas service companies, electric power companies and base and precious metals companies.


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