3P International Energy Corp.
TSX VENTURE : DOH

3P International Energy Corp.

April 12, 2011 09:15 ET

3P International Announces New Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - April 12, 2011) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) today announced the resignation of Dr. David Kahn as the President and Chief Executive Officer and as a director of the Corporation. In conjunction with these resignations, the consulting agreement between the Corporation and D.K. True Energy Developments Ltd., a company controlled by Dr. Kahn, has been terminated.

Mr Ron MacMicken has been appointed 3P's new interim President and Chief Executive Officer, as well as a director of the Corporation. Mr. MacMicken is currently a director of ColCan Energy Corp., an oil and gas exploration company operating in Colombia, and is also a director of Tolima Gold, a junior Colombian gold exploration company. Previously, Mr. MacMicken held senior positions with Canadian investment dealers, providing mergers and acquisitions and financing advice to domestic and international oil and gas companies. Over the past three years, Mr. MacMicken has been an advisor or financier involved in transactions in the oil and gas sector with an aggregate value of over $CDN 3 billion.

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, Chairman

Forward-Looking Information

This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. All statements that address future activities, events or developments that the Corporation believes, expects or anticipates will or may occur are forward-looking information. Forward-looking information is based upon assumptions by management that are subject to known and unknown risks and certainties beyond the Corporation's control. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation undertakes no obligations to update publicly or otherwise revise any forward-looking information, except as may be required by law. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the corporation's filings with the Canadian securities regulators available on www.sedar.com.

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