2009-08-10-2008-08-01-2008-08-01

Purchased noncore properties.

Park Place Energy Corp., Vancouver, (OTCBB: PRPL) has sold its noncore Canadian oil and gas properties in Saskatchewan and Alberta to an undisclosed buyer for an undisclosed price. The company is seeking to expand its presence in the Horn River Basin in northeastern British Columbia. Park Place president and chief executive David Johnson says, "This transaction has improved our balance sheet, eliminated Park Place's ongoing monthly obligations to fund non-core projects and allows us to focus on increasing our efforts on acquiring a blue-sky shale-gas opportunity in the Horn River Basin and area."