3P International Energy Corp.
TSX VENTURE : DOH

3P International Energy Corp.

May 11, 2011 10:30 ET

3P International Energy Corp. Appoints Experienced Technical Team

TORONTO, ONTARIO--(Marketwire - May 11, 2011) - 3P International Energy Corp. (the "Corporation" or "3P") (TSX VENTURE:DOH) is pleased to announce that it has appointed a new technical team. 3P has retained Alconsult International Ltd. ("Alconsult"), a Calgary based group of engineers, geologists and management professionals, to provide engineering, geological and operational management in support for 3P's projects and acquisition activities in the Ukraine.

On behalf of Alconsult, Mr. David J. Birnie will serve the position of Chief Geoscientist and Mr. Stephen E. Balog will serve as Chief of Engineering.

David J. Birnie

Dave Birnie is a senior Canadian oil and gas exploration consultant who currently serves as President of GEOSEIS Inc., an oil and gas geological, geophysical, data and technical services company he co-founded in 1997 (www.geoseis.ca). Mr. Birnie also leads GEOSEIS's geological and geophysical consulting practice which specializes in international exploration projects, both onshore and offshore. Prior to consulting, Mr. Birnie held progressive technical and supervisory responsibilities with Chevron Corporation in Canada, the U.S. and Indonesia (1974-1995). He worked for 16 years as a geophysicist/geologist followed by 6 years in a planning and economic evaluation role. In Canada during the late 1980's he started up a geophysics team to support Chevron's development geology group and then subsequently served as leader/supervisor of the West-Central Alberta exploration group. During the 1990-95 period he served as Manager of Planning for Chevron Canada Resources.

Mr. Birnie is an expert in exploration methodologies, exploration risk assessment, and exploration resource probabilistic modeling (size-of-the-prize modeling). He has taught industry courses on exploration management and reserves assessment and modeling.

Mr. Birnie holds Bachelor and Master degrees in Geological Engineering and Geophysics respectively from Queens University (1972) and the University of British Columbia (1976). He also holds a Master of Business Administration degree, specializing in Finance (1981). Mr. Birnie is a registered APEGGA Professional Geophysicist in Alberta as well as a member of CSEG, CSPG and SEG.

Stephen E. Balog

Stephen Balog has thirty-eight years of experience in the oil and gas industry in production and exploration operations, petroleum engineering, property evaluations and mergers/acquisitions. He has held senior engineering, operations and executive management positions in both senior and junior production companies. He has a proven track record in planning and leading major oil and gas development and exploitation projects, and the management of oil and gas operations throughout Western Canada. Mr. Balog has lead and coordinated several major projects to develop and exploit natural gas, heavy and conventional oil.

Technical and project management experience includes oil and gas field development, production optimization, operations management, enhanced recovery process evaluation and project design, property evaluations, corporate reserves management and acquisitions/divestitures.

During the past fourteen years he has founded and been a principal or director of several junior oil companies and consulting firms including Belaire Energy Corporation, Niven Fischer Balog Energy Management, Tasman Exploration and West Butte Energy Inc. Most recently Mr. Balog held the position of President and Chief Operating Officer of Tasman Exploration Ltd., a private junior oil and gas company. He now provides management consulting services to oil and gas corporations, specifically in the areas of evaluations and acquisitions, oil and gas development, and petroleum engineering.

Mr. Balog currently serves as a Director of Advantage Oil & Gas Ltd., a public company with 25,000 boepd of production in Western Canada. He also serves on the Petroleum Advisory Committee of the Alberta Securities Commission and is a member of several industry associations including the Society of Petroleum Evaluation Engineers where he served on the Reserves Evaluation Committee to draft and edit Volumes I and II of the Canadian Oil & Gas Evaluation Handbook. The latter has become the industry standard for the evaluation and appraisal of reserves. He is a registered member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Ron MacMicken, CEO of 3P stated, "We are very pleased to have David and Steve join our team. Their experience and expertise in international oil and gas exploration and development will provide the leadership and focus we need as we advance our business plan. David and Steve's first task will be to provide a detailed development plan for the companies first major acquisition, Tysagaz (which purchase agreement is currently being finalized and is anticipated to close in late June after Ukraine Anti-Trust review and TSX approval), a producing gas company in Western Ukraine with proven reserves, license's and infrastructure as well as significant exploration potential on three adjacent exploration blocks (see Press Release dated February 14, 2011 for more detail). They will also lead our due diligence team as we review numerous other strategic opportunities in Ukraine".

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

Ron MacMicken, Chief Executive Officer

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, including the anticipated closing of Tysagaz, is based upon assumptions by management that are subject to known and unknown risks and uncertainties 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.

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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