Poplar Creek Resources Inc.
TSX VENTURE : PCK

December 16, 2009 12:05 ET

Poplar Creek Resources Inc. Announces Amendment to Farm-In Agreement With Twoco Petroleums Ltd.

CALGARY, ALBERTA--(Marketwire - Dec. 16, 2009) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Further to its news releases dated June 20, 2009, July 20, 2009 and October 19, 2009, Poplar Creek Resources Ltd. ("Poplar Creek") (TSX VENTURE:PCK) announces that it has amended the previously announced farm-in agreement (the "Farm-in Agreement") with Twoco Petroleums Ltd. ("Twoco") whereby the date by which Poplar Creek has to raise $3,025,000 in order to fund the drilling of the first series of wells has been extended from December 15, 2009 to December 23, 2009. If Poplar Creek raises the initial $3,025,000, the drilling program will be commenced as soon as possible after December 23, 2009.

Forward-looking statements:

Certain information set forth in this news release contains forward-looking statements and information ("forward-looking statements"). More particularly, this news release contains statements concerning drilling plans and the purchase and sale of additional interests in Twoco's assets. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Poplar Creek's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Poplar Creek's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so what benefits Poplar Creek will derive therefrom. More detailed information about potential factors that could affect actual results is included in the documents filed from time to time by Poplar Creek on www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Polar Creek does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.

Neither 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.

Contact Information

  • Poplar Creek Resources Inc.
    John Carruthers
    CEO
    (403) 875-1821
    or
    Poplar Creek Resources Inc.
    Richard Edgar
    President
    (403) 616-5387