Vancouver, British Columbia February 8, 2010 – Park Place Energy Corp. ("Park Place"
or "the Company") is pleased to announce the company has acquired a 50% working
interest in 80 acres of land located in western Saskatchewan.
Under the agreement, with a private company, the property was acquired in consideration
for an aggregate of 150,000,000 shares at a deemed price of US$0.001 per share for an
aggregate deemed consideration of approximately USD$150,000.
As announced February 3, 2010 Park Place Energy has also tendered a bid on a
significant oil and gas Exploration and Development property within the European
David Johnson, Park Place President and CEO said " The Company is aggressively
positioning itself as a junior oil and gas explorer by seeking and acquiring blue-sky
potential assets. By completing this acquisition we have created an exciting opportunity
within a proven Canadian oil field.”