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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.

Randy 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. The appointment of Mr. Neely follows the resignation of Arlene Weatherdon as Chief Financial Officer, announced on 31 August 2007.