3P International Energy Corp.
TSX VENTURE : DOH

3P International Energy Corp.

August 12, 2011 15:37 ET

3P International Energy Corp. Announces Clarification of Previous Press Release Dated July 14, 2011 Concerning Stock Options Grant

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2011) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) announces a clarification of its previous press release of July 14, 2011 concerning the grant of stock options to Robert B. (Bob) Hodgins and Steven VanSickle.

In connection with his appointment to the Board of Directors, Mr. Hodgins was granted 300,000 incentive stock options on July 12, 2011, exercisable at a price of $0.40 per share and expiring July 12, 2016.

In connection with his assumption of the role of Lead Independent Director of 3P, Steven VanSickle was granted 300,000 incentive stock options on July 12, 2011, exercisable at a price of $0.40 per share and expiring July 12, 2016.

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

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.

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