3P International Energy Corp.

3P International Energy Corp.

October 06, 2010 17:20 ET

3P International Energy Corp. Files 51-101 Report on Its Oil and Gas Projects

TORONTO, ONTARIO--(Marketwire - Oct. 6, 2010) - 3P International Energy Corp. ("3P" or the "Corporation") (TSX VENTURE:DOH) announces that it has filed a Statement of Reserves Data and Other Oil and Gas Information and related materials as required by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators in respect of various Ukraine coalbed methane projects located in the Donetsk Basin of Southeastern Ukraine. These projects were acquired by the Corporation on July 30, 2010. Copies of the above documents may be viewed and obtained on SEDAR (www.sedar.com).

In addition and further to a 3P press release of September 28, 2010 in connection with a completed private placement of approximately $5,000,000 (the "Placement"), 3P is pleased to announce that the TSX Venture Exchange (the "Exchange") has accepted for filing certain documentation from a new insider of 3P and, as a result, $176,456.25 is released from trust to the Corporation. The portion of received funds that still remain in trust pending receipt of further new insider documentation required by the Exchange is $1,676,456.25. Selfsame documentation is expected shortly.

The proceeds of the Placement will be used primarily for the development of 3P's Ukrainian energy assets, the evaluation of additional opportunities in that country and general working capital purposes.

About 3P International Energy Corp.

3P International Energy Corp. is actively seeking international energy opportunities which meet its business model criteria of discovered but undeveloped known shallow reserves in politically and business friendly climates, which can be exploited using conventional and unconventional drilling, completion and reservoir technologies.

On behalf of the Board of Directors

David Kahn, Chairman and CEO

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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