Primera Energy Resources Ltd. is pleased to provide the following corporate update.The Corporation in conjunction with the Operator shall commence long-term production testing from the Snowcap-1 well, subject to regulatory and partner approvals.

The goal of the test is to determine sustained production rates and reservoir characteristics from prospective horizons encountered during drilling and which were previously tested.

The shipping of oil, if any, from Snowcap-1 will be to an independent third party facility from where it will be treated and shipped to Petrotrin (the State owned Petroleum company). The trucking distance will be less than 30 kilometres. The Corporation will obtain WTI pricing for these sales volumes, less a discount to account for oil gravity, handling, processing and shipping.

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