PXX Pearl Exploration And Production LT Com Npv

Pearl Exploration and Production Ltd. ("Pearl" or the "Company") (TSX
VENTURE:PXX)(FIRST NORTH:PXXS) is pleased to announce that its common shares
will commence trading on the Toronto Stock Exchange as of the market opening on
September 4, 2008. The Company's trading symbol "PXX" will remain the same.
Pearl's shares will be delisted from the TSX Venture Exchange at the close of
market on September 3, 2008.


Keith Hill, President and CEO commented, "Pearl's graduation to the Toronto
Stock Exchange is a reflection of the Company's growth and it's accomplishments
to date and we look forward to further success in the months and years to come
as we continue to unlock the value of our heavy oil assets and tap into the
enormous potential and opportunities available in the North American heavy oil
sector."


Pearl Exploration and Production Ltd. is a public company focused on converting
its captured resources into reserves and becoming a substantial North American
heavy oil project development company. Additional information on Pearl is
available on the Company's website at www.pearleandp.com.


Pearl's Certified Advisor on First North is E. Ohman J:or Fondkommission AB.

Forward-looking statements: This document contains statements about expected or
anticipated future events and financial results that are forward-looking in
nature and as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, the regulatory process and
actions, technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential delays or
changes in plans, the occurrence of unexpected events, and the Company's
capability to execute and implement its future plans. Actual results may differ
materially from those projected by management. For such statements, we claim the
safe harbour for forward-looking statements within the meaning of the Private
Securities Legislation Reform Act of 1995.

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