NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA 

Further to its news releases dated June 29, 2009, July 20, 2009 and October 19,
2009, Poplar Creek Resources Ltd. ("Poplar Creek") (TSX VENTURE:PCK) is pleased
to announce that it has entered into a new Joint Venture and Participation
Agreement (the "Participation Agreement") with ELM Energy Management Ltd.
("ELM") whereby, subject to certain conditions, including ELM raising $3,025,000
by no later than December 14, 2009, ELM will participate in a farm-in on the
lands of Twoco Petroleum Ltd. ("Twoco") and Poplar Creek will acquire an
additional interest in all other Twoco assets, pursuant to the farm-in agreement
entered into by Poplar Creek and Twoco and announced on October 19, 2009 (the
"Farm-in Agreement").


Pursuant to the terms of the Participation Agreement, ELM will have until
December 14, 2009 to raise $3,025,000 in order to fund the drilling of the first
series of wells. Upon the drilling of such wells, ELM will earn an interest in
the lands drilled pursuant to the Participation Agreement and Farm-in Agreement
and Poplar will acquire an additional 5.5% interest in all other Twoco assets.
Subsequent to the drilling of the first series of wells, ELM has two successive
options to further participate in a farm-in on Twoco's lands and thereby earn a
further interest in the lands drilled and Poplar will earn an additional 5.5%
interest in all other Twoco assets. Each such successive option requires ELM to
commit to an additional expenditure of $3,025,000 to fund the additional
drilling on Twoco's lands. If ELM fully exercises its options to participate in
a farm-in on the Twoco lands, Poplar Creek will own a 20% interest in all of
Twoco's assets, excluding lands drilled pursuant to the Participation Agreement.
The 20% interest is comprised of the 3.5% interest purchased on July 16, 2009
and the additional 16.5% interest to be acquired by way of the Farm-in
Agreement. If ELM raises the initial $3,025,000, it is expected the drilling
program will be commenced as soon as possible after December 15, 2009.


Forward-looking statements:

Certain information set forth in this news release contains forward-looking
statements and information ("forward-looking statements"). More particularly,
this news release contains statements concerning drilling plans and the purchase
and sale of additional interests in Twoco's assets. By their nature,
forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond Poplar Creek's control, including the impact of general
economic conditions, industry conditions, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental risks,
competition from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and ability to access
sufficient capital from internal and external sources. Readers are cautioned
that the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be imprecise and,
as such, undue reliance should not be placed on forward-looking statements.
Poplar Creek's actual results, performance or achievement could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do so what benefits Poplar Creek will derive therefrom. More detailed
information about potential factors that could affect actual results is included
in the documents filed from time to time by Poplar Creek on www.sedar.com.
Furthermore, the forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law,
Poplar Creek does not undertake any obligation to publicly update or to revise
any of the included forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy securities in any jurisdiction.
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