PTT Primera Energy Resources Ltd.

Primera Energy Resources Ltd.  (TSX VENTURE:PTT) ("PERL" or the "Corporation")
is pleased to provide the following corporate update. 


Optimal Block WD-4

PS 111RD, originally drilled and completed on December 1, 2011 has been
recompleted on March 27, 2012 in the Upper Cruse formation. The well came in
flowing with an initial production of 202 barrels of clean oil per day, on a
4/32" Choke with Casing Pressure of 1200 pounds per square inch (psi). As of
April 2, 2012, the well continues to flow on 4/32" Choke with Casing Pressure of
1000 pounds per square inch (psi). The cumulative production to date is 1,079
barrels of oil, averaging 180 bopd. Approximately 236 feet of net pay in the
Upper Cruse and Forest formations remain to be exploited.


This recompletion has increased PERL's current production rate by 35% to 610 bopd.

As reported earlier, work is continuing on location preparation for redrill, PS
174RD and PS 125.


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 600 bopd pursuant to a lease operatorship agreement in South
Central Trinidad and has a 16.2% entitlement to the Cory Moruga 'E' Block. 


READER ADVISORY 

Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.

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