Passport Energy Ltd PPOZF

NR - Passport Energy Ltd. Announces Acquisition of

[Bullboards_Seal]

Passport Energy Ltd. Announces Acquisition of 7 Gross Sections of Land in Hardy Bakken Core Area

Calgary, Alberta CANADA, December 13, 2011 - Passport Energy Ltd. (PPO - CNSX),"Passport" or the "Company" is pleased to announce the expansion of the Hardy Bakken core area following the December 5, 2011 Saskatchewan land sale. The company was successful in its bid to acquire 7 gross (6.25 net sections) in close proximity to its existing acreage in the Hardy area. Within these 7 sections, 6 were purchased at 100% working interest and 1 at 25% working interest (with the company's area partner, Eternal Energy, at 75%). This brings the total number of sections that Passport has an interest in to 46.75 (gross) or 18.7 (net) within the core area.

The Company also wishes to announce that it has granted an aggregate of 2,050,000 stock options to certain directors, officers and consultants of the Company. The options have a term of five (5) years and an exercise price of
.185 per share.

The Company is a junior natural resource exploration company focused on the acquisition, exploration, and development of economically viable natural resources, with a focus on Bakken oil projects.

The Company trades on the CNSX under the trading symbol "PPO".


Forward Looking Statements

This press release contains forward-looking statements relating to the operational and exploration activities for Passport, evaluation of certain prospects in which the Company holds an interest or may acquire an interest and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular; fluctuations in oil prices; the results of exploration and development drilling, recompletions and related activities; the uncertainty of reserve estimates; changes in environmental and other regulations; risks associated with oil and gas operations and future exploration activities; and other factors, many of which are beyond the control of the Company. You can find an additional discussion of those assumptions, risks and uncertainties in Passport's Canadian securities filings.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, Passport disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Passport undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

The CNSX does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please refer to the Company's public documents available on SEDAR (www.sedar.com).


For further information contact:

Bruce Murray Frank Port
Chariman & CEO President & COO
Tel: [phone] Tel: [phone]
Email: [e-mail] Email: [e-mail]
Website: www.passportenergy.com