Primary Petroleum Corporation
TSX VENTURE : PIE
PINK SHEETS : PETEF

Primary Petroleum Corporation

January 21, 2008 11:30 ET

Primary Petroleum Corporation: Eight Well Drilling Program Commenced on the Teton Prospect in Montana

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2008) - Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to announce that the drilling program on its Teton Prospect in Montana commenced on Friday January 18, 2008.

The key targets for the Teton wells are the Madison oil and Sunburst gas formations. The estimated total depth for the wells is approximately 3500 feet (1067 meters) and the Company anticipates that the drilling program should be complete in approximately three (3) months. The royalty rate on Primary's Teton lands is 12.5% and the prospect covers some 97,400 net acres (152 sections) offsetting the Gypsy Basin field which has produced over 510,000 barrels of oil from two (2) sections (1280 net acres).

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)(PINK SHEETS:PETEF) please visit the Company's website at www.primarypetroleum.com.

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.

Contact Information