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News Releases

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| December 27, 2006 |
Pearl Exploration and Production Ltd. Closes Plan of Arrangement With Atlas Energy Ltd. |
| November 15, 2006 |
Pearl Completes $111 Million Financing |
| October 26, 2006 |
Pearl Financing Increased to Cdn $111 Million |
| October 23, 2006 |
Pearl Exploration and Production Ltd. and Atlas Energy Ltd. to Merge and Pearl Announces $100 Million Financing |
| October 20, 2006 |
Onion Lake Land Agreements Signed; Pearl Proceeding With Drilling |
| September 20, 2006 |
Pearl Exploration And Production Ltd. Closes The Acquisition Of Nevarro Energy Ltd. |
| September 18, 2006 |
Pearl Spuds First Well at Palo Duro Gas Project in Texas |
| September 14, 2006 |
Onion Lake Land Dispute Resolved Pearl Proceeding with Drilling |
| August 28, 2006 |
Pearl Announces Third Quarter 2006 Results |
| June 28, 2006 |
Pearl Exploration and Production Ltd. to Acquire Nevarro Energy Ltd. |
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