PTT Primera Energy Resources Ltd.

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


Moruga Exploration Update

On the onshore Moruga Block, the operator has re-entered Firecrown-1 and
sidetracked the well to evaluate two Herrera objectives that it was unable to
test in the original wellbore. The first Herrera objective has been drilled and
intermediate casing was set. The operator is currently drilling the second
deeper objective and expects to test Firecrown-1 ST2 during April 2012.


Also on the Moruga Block, located between the Carapal Ridge field and the
Snowcap fault block is the Green Hermit prospect. Green Hermit-1 is currently
drilling at approximately 1,500 feet and is expected to reach total depth at the
end of April 2012. 


PERL's working and paying interest for the Moruga Block is 16.2%.

About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces an average
monthly rate of approximately 550 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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