CALGARY, ALBERTA--(Marketwire - July 19, 2011) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Poplar Creek Resources Inc. ("Poplar" or the "Corporation"), (TSXV:PCK.V), announces that it has entered into an agreement with a Calgary, Alberta based exploration and production company whereby Poplar will develop a contiguous 100% interest six section block of petroleum and natural gas rights located in the general Radway area of north central Alberta. In accordance with the terms of the agreement, Poplar will shoot up to 10 miles of seismic and drill a well, subject to the results of the seismic, to earn a 50% interest in the lands and two existing natural gas wells located on the lands. Poplar will immediately commence preparation for the seismic program which it anticipates to have completed by October 2011 with the drilling of the well thereafter. PCK continues with its participation in the previously announced Sparky Heavy Oil Program located at Warspite, Alberta and further news with respect to this project will be released in conjunction with the operator.
This release includes certain statements that may be deemed "forward looking statements". All statements in this release, other than statements of historical facts, which address future activities including the closing of the financing, exploration drilling and activity, and events or developments that the Corporation intends, plans, anticipates, believes, estimates or expects are forward looking statements. Actual results may differ materially. Although the Corporation believes such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market conditions and difficulties of raising funds in this economic environment, availability and costing of exploration contractors; exploration success; continued availability of capital government regulations, laws and charges; environmental developments; exploitation economics; and generally the economic, market, financial and business conditions in the present volatile and uncertain economic period. Investors are cautioned that any statements are not guarantees of future performance and actual results or developments may differ materially from those stated in the forward looking statements. The Corporation does not intend, and does not assume any obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Poplar Creek. This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Contacts
Poplar Creek Resources Inc.
Poplar Creek Resources Inc.
President & CFO