Passport Energy Ltd PPOZF

Covenant Resources announces name change to Passpo

[Bullboards_Seal]

Vancouver, British Columbia CANADA, December 06, 2010 - Covenant Resources Ltd. (CVA - CNSX), (the "Company") wishes to announce the results of its Annual General Meeting ("AGM") held on December 3, 2010.

The company received proxies totalling 19.4% of the total shares outstanding, which approved all the resolutions tabled at the AGM.

The following resolutions were approved at the AGM.

1. Covenant Resources Ltd. will go through a name change to Passport Energy Ltd.
2. The number of directors have been increased to a maximum of 8.
3. The slate of directors approved at the AGM consists of Frank Port, Bruce Murray, Richard Edgar, John Anderson, Christopher Gulka, Tom Lantz, Asif Khan, and Senator David Tkachuk.
4. Collins Barrow LLP was reappointed as auditors
5. The stock option plan was approved as a rolling 10% plan.

The Company Trades on the CNSX under the trading symbol "CVA". Upon completion of the name change to Passport Energy Ltd., the new trading symbol will be "PPO".

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

For more information, please refer to the Company's engineering report available on SEDAR (https://www.sedar.com/).

Additional info can be found on the Company's new website https://www.passportenergy.com/.

For further information contact:

Frank Port
President, Chief Executive Officer, and Director
Tel: [phone]
E-mail: [e-mail]
Website: https://www.passportenergy.com/


Visit Covenant Resources Ltd. Website:www.passportenergy.com

[Gaius]

this stock trades on CNSX - what exchange is that. I thought we only had TSX & TSx Venture. How does one trade this one ?

[zenda]

This is one step below Ventures and the stock has a market maker so there is no Level II transparency and you have to call your broker to place a trade. Commissions are a lot higher and I was quted a commission of 43.00 for a 10,000 share trade.Just not worth the grief unless you are very very keen to get your hands on this stock.