3P International Energy Corp.

3P International Energy Corp.

April 18, 2011 14:46 ET

3P Announces Cancellation of Common Shares and Stock Options

TORONTO, ONTARIO--(Marketwire - April 18, 2011) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) today announced that, in connection with the resignation of Dr. David Kahn as the President and Chief Executive Officer and as a director of the Corporation (previously announced by way of press release dated April 12, 2011), an aggregate of 1,950,000 common shares of 3P beneficially owned by Dr. Kahn and his associates or affiliates, and 459,000 stock options owned by Dr. Kahn, have been cancelled.

About 3P International Energy Corp.

3P International Energy is a Canadian-based emerging oil and gas company focused on developing and enhancing proven oil and gas reserves in Eastern Europe. In the Ukraine, 3P is a joint venture partner on a significant CBM property (512 km2) as well as announced acquisition of a conventional gas portfolio in the Eastern Ukraine. The Company's strategy is to use proven technology, capital and expertise to significantly increase production and reserves. 3P shares are traded on the TSX Venture Exchange under the stock symbol DOH.

On behalf of the board of Directors
Gregory M. Cameron

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