Drake Pacific Enterprises Ltd.

Drake Pacific Enterprises Ltd.

July 09, 2009 13:17 ET

Drake Changes Name

CALGARY, ALBERTA--(Marketwire - July 9, 2009) - Drake Pacific Enterprises Ltd. (TSX VENTURE:DPE) announces that, pursuant to the shareholders' approval received at the annual shareholders' meeting on June 26 2009, the Company has changed its name to Drake Energy Ltd.

The effective date was July 8 2009.

The Company's trading symbol, DPE.V, will remain the same.

Drake Energy Ltd. is active in oil and gas exploration and development in Alberta and Saskatchewan. Headquartered in Calgary, Alberta, Canada, the Company is publicly traded on the Toronto Stock Exchange Venture Board under the stock symbol DPE.V.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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