Park Place Energy Names New President and CEO

Park Place Energy it will be centralizing its administrative and managerial functions to Calgary Alberta in December. In connection with this initiative, David Stadnyk will be stepping down as President and CEO of the Company. Mr. Stadnyk will continue to serve the Company as President of its newly formed subsidiary, Park Place International, a company which will focus on developing opportunities for the Company outside of North America.

Eric Leslie (the current Secretary of the Company) will replace Mr. Stadnyk as President and CEO. Mr. Leslie brings to Park Place Energy extensive experience in the oil and gas industry, having worked for both major and small independent companies including PanCanadian Petroleum Corporation (now EnCana Corporation), Amoco Canada Petroleum Company Ltd. and Phoenix Resources Ltd. Mr. Leslie has most recently served as President and CEO of Vanguard Exploration Corp.

Park Place Energy is first and foremost an international high impact energy play corporation. Currently, its primary activity is in oil and gas exploration in the North Sea, as well as the development and production of its Canadian assets including the recently announced major gas find in British Columbia. Park Place utilizes its expertise in the oil and gas industry to enhance shareholder value and profitability by pursuing attractive opportunities in the international oil and gas industry. Using the appropriate financial resources and the latest technologies, Park Place Energy, through creative joint ventures and innovative partnerships, has a strategic five-year operating plan to optimize profitability and shareholder value.