November 11, 2010 16:16 ET

Circumpacific Energy Corporation Announces Voting Results

CALGARY, ALBERTA--(Marketwire - Nov. 11, 2010) - Circumpacific Energy Corporation (TSX VENTURE:CER) ("Circumpacific" or the "Company") is pleased to announce that holder's of the Company's common shares have voted 98.6% in favour of a previously-announced plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement") at its annual general and special meeting of shareholders held on November 10, 2010. Upon completion of the Arrangement, WPC 2010 Acquisition Corp., a wholly-owned subsidiary of Western Petroleum Commodities Inc., will acquire all of the issued and outstanding common shares of Circumpacific for cash consideration of $0.18 per share. Shareholders of the Company also voted in favour of re-electing the current board of directors and re-appointing Deloitte & Touche LLP as the auditors of the Company for the ensuring year.

Completion of the Arrangement remains subject to a number of closing conditions, including final approval by the Supreme Court of British Columbia. Circumpacific will apply for a final order approving the Arrangement on November 16, 2010 and expects to complete the Arrangement shortly thereafter. Further information regarding the Arrangement can be found in the Company's management information circular dated October 15, 2010, which has been filed with Canadian securities regulators at

Information About Circumpacific

Circumpacific is a junior oil and gas company engaged in the acquisition, development, exploration and exploitation of petroleum and natural gas properties in Western Canada and SW Queensland, Australia. For additional information on the Company, visit

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities laws. This forward-looking information includes, but is not limited to, the expectations of Circumpacific with respect to the satisfaction of the conditions to complete the Arrangement. Readers are cautioned to not place undue reliance on forward-looking information. There are a number of factors that could cause actual results and developments to differ materially from those contemplated by this information including, among other things, the risk that the closing conditions to completion of the Arrangement will not be satisfied.

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

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