PGPM Pilgrim Petroleum Corporation (CE)

Pilgrim Petroleum Corporation (PINKSHEETS: PGPM) (FRANKFURT: PHV) American Petroleum and its Canadian alliances CB Resources (CNQ: CBRL) and Mineral Hills Industries (TSX-V: MHI) will participate in the Summer NAPE EXPO on Wed 27-Aug-08 8:30 AM at Brown Convention Center in Houston, Texas, Booth 2305. The parties involved in the alliance have come together in a mutual interest to cooperate and openly share strategic positions on the oilfield services market, exploration, acquisition and secondary recovery.

Pilgrim Petroleum Corporation's CEO, Rafael Pinedo, said: "The NAPE Expo will contribute to develop exploration and production opportunities in Canada, South America and Asia, in addition of important new partnership opportunities."

About Pilgrim Petroleum Corporation

Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PINKSHEETS: PGPM) (FRANKFURT: PHV). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

2008 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.

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CONTACT: Pilgrim Petroleum Corporation Eddie Monet 619-864-0166 www.apetroleum.com