Primary Petroleum Corporation

Primary Petroleum Corporation

January 08, 2008 10:00 ET

Primary Petroleum Appoints New CFO And VP Finance to Management Team

CALGARY, ALBERTA--(Marketwire - Jan. 8, 2008) - Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to announce the appointment of Ms. Carrie McLauchlin, CA as VP Finance and Chief Financial Officer effective January 2, 2008.

Ms. McLauchlin has 20 years of senior financial management experience, most recently as VP Finance and Chief Financial Officer for the successful management teams of Luke Energy Ltd. and KeyWest Energy Corporation. Ms. McLauchlin commenced her career with KPMG in June 1987 spending ten years in the Calgary audit practice engaged in the assurance services for companies in a variety of industries, most notably senior and junior oil and gas exploration and production companies. Ms. McLauchlin has been granted an incentive stock option to purchase 250,000 shares of Primary, priced at $0.50 per share. The stock options will be exercisable over a three-year period in increments of 33 1/3% per year beginning with the first anniversary of the date of grant.

"We are delighted to have Ms McLauchlin join Primary's management team. Carrie's past experience will be a valuable asset in assisting the Company moving forward with its current drilling operations and acquisition strategies in Montana and the western sedimentary basin," stated Mike Marrandino, President & CEO. "On behalf of the management team and Board of Directors, we sincerely thank Mr. Brad Kitchen for his valuable contributions as CFO during its transition from a private to public company over the past year."

Primary is a growing oil and gas company actively engaged in exploration and development activities in Montana and Alberta with its head office in Calgary and offices in Shelby, Montana. Primary's management and technical teams include accomplished oil and gas exploration and development personnel, with extensive experience. The Company's mandate is to continue to aggressively acquire oil & gas prospects of merit in the Sedimentary Basin of the Western United States and Western Canada with a focus on acquiring assets in Montana and the surrounding states whereby Primary Petroleum maintains control of its own land plays and drilling operations.

To find out more about Primary Petroleum Corporation (TSX VENTURE:PIE) please visit the Company's website at

This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbour.

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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