January 17, 2007 13:45 ET

Advisory: Petro-Canada Q4 2006 Results

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2007) - Petro-Canada will host a conference call for analysts and investors on Thursday, January 25, 2007 at 7:00 a.m. Mountain time (9:00 a.m. Eastern time) to discuss fourth quarter results, which will be released on January 25, 2007. The media will be invited to ask questions following the analysts and investors. If you are unable to join us on January 25, a postview of the conference call will be available until April 23, 2007.

Presenters:            Ron A. Brenneman, President and CEO

Conference Call Host:  Gordon Ritchie, Sr. Director, Investor Relations

Date:                  January 25, 2007

Time:                  7:00 a.m. Mountain time (9:00 a.m. Eastern time)

Telephone:             Analysts & Investors - 1-866-898-9626 (N. America);
                       and 416-340-2216 (International)
                       Media - 1-866-540-8136 (N. America); and
                       416-340-8010 (International)


Postview:              A postview of the audio webcast will be available
                       one hour after the conclusion of the conference call
                       and will be accessible until April 23, 2007 through
                       1-800-408-3053 (N. America) and 416-695-5800
                       (International); pass code: 3202649#

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and 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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