Pan Orient Energy Corp., on behalf of its 53.4% owned subsidiary Andora Energy Corporation, releases the December 31, 2011 National Instrument 51-101 compliant resource appraisal for Andora's oil sands project at Sawn Lake Alberta, Canada, as evaluated by Sproule Associates Ltd.. The evaluation included a complete geological and economic evaluation of all of Andora's Oil Sands Leases in Sawn Lake based on exploitation using Steam Assisted Gravity Drainage (SAGD).

Sawn Lake, Alberta Project 2011 Year-End Evaluation Summary and Highlights:

• The oil sands project at Sawn Lake Alberta as at December 31, 2011 was evaluated by Sproule. The contingent resource volumes estimated in the Sproule report are considered contingent until such time as commercial recovery has been demonstrated, regulatory approvals have been obtained and the company has committed to proceed with commercial development. Contingent Resources are further classified as "High", "Best" and "Low" in accordance with the level of certainty. • Sawn Lake "Best Case" contingent resources of 214.2 million barrels attributed to Andora's working interests, or 114.4 million barrels attributed to the 53.4% ownership interest of Pan Orient in Andora, have been assigned largely in the South and Central Blocks of Sawn Lake. Andora is the operator of these lands and holds a 100% working interest in the 16 sections of the South Block and holds a 50% working interest plus an additional 3% gross overriding royalty ("GORR") on non-owned 40% working interest in the 12 sections of the Central Block.

Tags: Pan Orient Energy Corp.