Passport Energy Ltd PPOZF

NR - Passport Energy Ltd. Announces its 51-101 Res

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Passport Energy Ltd. Announces its 51-101 Reserves Report for its Bakken Hardy Project in SE Saskatchewan

Calgary, Alberta CANADA, February 01, 2012 /FSC/ - Passport Energy Ltd. (PPO - CNSX),("Passport" or the "Company") has filed its reserves data and other oil and gas information for the year ended September 30, 2011 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Copies of these filings can be found on the Company's SEDAR profile at www.sedar.com.

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.  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
Chairman & CEO                         President & COO
Tel: [phone]                Tel: [phone]
Email: [e-mail]      Email: [e-mail]  
Website: www.passportenergy.com  

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