December 10, 2007 11:41 ET

Advisory: Petro-Canada 2008 Outlook Conference Call

CALGARY, ALBERTA--(Marketwire - Dec. 10, 2007) - Petro-Canada will host a conference call for analysts, investors and the media on Thursday, December 13, 2007 at 3:30 p.m. Mountain time (5:30 p.m. Eastern time) to discuss Petro-Canada's 2008 Capital and Exploration Expenditure Program and Production Outlook, which will be released on December 13, 2007. The media will be invited to ask questions following the analysts and investors. If you are unable to join us on December 13, a postview of the conference call will be available on Petro-Canada's website.

Presenters:            Ron A. Brenneman, President and CEO; and
                       Harry Roberts, Executive Vice-President and CFO

Conference Call Host:  Ken Hall, Senior Director - Investor Relations

Date:                  December 13, 2007

Time:                  3:30 p.m. Mountain time (5:30 p.m. Eastern time)

Telephone:             Analysts & Investors:
                       1-866-898-9626 (toll-free in North America);
                       00-800-8989-6323 (toll-free internationally) or
                       Media: 1-866-540-8136 (toll-free in North America)
                       or 416-340-8010


Postview:              A postview will be available one hour after the
                       conclusion of the conference call and will be
                       accessible until March 13, 2008 through
                       1-800-408-3053 (toll-free in North America) and
                       416-695-5800; (passcode number 3242534#)

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. The Company creates value by responsibly developing energy resources and providing world class petroleum products and services. Petro-Canada is proud to be a National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. Petro-Canada's common shares trade on the Toronto Stock Exchange (TSX) under the symbol PCA and on the New York Stock Exchange (NYSE) under the symbol PCZ.

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